Končar Generatori i motori

What Končar Generatori i motori does

Končar Generatori i motori d.o.o. is a Croatian industrial manufacturer specializing in the design, development, production, revitalization, modernization, assembly, and servicing of large generators and electric motors. Founded in 1921 and headquartered in Zagreb, the company operates as a wholly-owned subsidiary of KONČAR Elektroindustrija d.d., a publicly-traded diversified conglomerate on the Zagreb Stock Exchange and the largest Croatian net exporter. Its product portfolio centers on three lines: (1) large generators, principally hydrogenerators manufactured using proprietary technologies and contemporary materials; (2) compact synchronous generators driven by diesel motors, designed for auxiliary circuits in nuclear power plants and marine/shipboard installations under stringent regulatory standards; and (3) electric motors for industrial applications. R&D and validation are supported by the affiliated KONČAR Electrical Engineering Institute, which operates nine modern laboratories with approximately 800 accredited testing and calibration methods, while structural components are sourced internally from KONČAR Metal Structures.

The company serves hydroelectric power plant operators (the primary segment), nuclear power facilities, shipbuilders, and industrial customers, with a geographic footprint spanning Scandinavia, Austria, Germany, the Balkans, and more than 50 countries across all continents. Its revenue model is project-based B2B, with custom-engineered equipment sold directly to utilities, power plant operators, and industrial firms through tenders, competitive bidding, and direct enterprise sales; recurring revenue is generated through long-term lifecycle service contracts covering installation, commissioning, revitalization, and modernization. Notable enterprise customers include VERBUND (Austria's largest electricity company), HEP Proizvodnja, Ennskraftwerke, and Hidroelektrana Ering-Frauenstein, with single-project values reaching EUR 95.2 million. The company holds ISO 9001, ISO 14001, ISO 45001, ISO/IEC 27001, and ISO 50001 certifications and operates from its headquarters and main production facilities at Fallerovo šetalište 22, Zagreb.

KONČAR Group's broader corporate positioning — including record revenue exceeding EUR 1.3 billion in 2025, consecutive Lider Invest Awards, the ZSE Golden Share, and AmCham Croatia ESG Champion recognition — provides reputational tailwinds for the subsidiary, though Generatori i motori operates within a constrained end-market segment (hydropower capex, nuclear auxiliary systems, and marine electrification) and competes against larger European OEMs in this niche.

Name

Končar Generatori i motori

Legal name

KONČAR - Generatori i motori d.o.o. za proizvodnju

Website

https://koncar-gim.hr

Company type

Private

Founded year

1921

Operating status

Operating

Short description

Končar Generatori i motori d.o.o. is a Croatian manufacturer of hydrogenerators, compact diesel-driven generators for nuclear and marine applications, and electric motors, serving utilities and industrial customers across 50+ countries.

Ownership category

akta.pro rank

Product category

Power Generation Equipment

NAICS

Motor and Generator Manufacturing (335312), Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Motors & Generators (3621), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Hydroelectric Turbines & Governors (IMAHAFAD)

akta.pro secondary industry

Emergency & Standby Diesel Generator Power (Critical Facilities) (EUACACAH)

Keywords

• Hydroelectric generators
• Electric motor manufacturing
• Power generation equipment
• Generator modernization services
• Industrial motor production

Headquarters

HQ city

Novi Zagreb

HQ country

Croatia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D

Revenue model

1. Generator Manufacturing and Sales: Design, development, manufacturing, and sales of large generators (hydrogenerators) and compact generators for various power generation and industrial applications. Products are sold directly to utilities, power plant operators, and industrial customers.
2. Motor Manufacturing and Sales: Production and sale of electric motors for industrial applications, shipbuilding, and other sectors requiring electric motor solutions.
3. Revitalization and Modernization Services: Services for extending the operational life of existing generators and motors through rehabilitation and modernization, provided throughout the entire lifecycle of the equipment.
4. Field Services: Professional on-site execution of works throughout the entire lifecycle of generators and motors, including installation, commissioning, and maintenance services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Končar Generatori i motori designs, develops, manufactures, revitalizes, modernizes, assembles, and services generators and motors for power generation and industrial applications. Core product lines include large hydrogenerators for hydroelectric power plants, compact diesel-driven synchronous generators for nuclear power plants and ships, and complete lifecycle field services including installation, commissioning, and maintenance.

Product overview

KONČAR – Generatori i motori is a manufacturing company within the KONČAR Group specializing in the development, design, production, revitalization, modernization, assembly, and service of generators and motors. The product portfolio centers on three main offerings: Large Generators (including hydrogenerators as the key product line), Compact Generators and Motors (diesel-driven synchronous generators for nuclear plants and ships), and Service Activities (lifecycle support for generators and motors). The company has over 100 years of experience in motor production and 75 years in generator manufacturing, serving customers across all continents with a presence in over 50 countries.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Power capacity increase from 30 MVA to 35 MVA per generator during modernization of HE Ering-Frauenstein

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core, strategic and key account.

• VERBUNDcoreStrategic or Co-development PartnerLong-standing partnership with Austria's largest electricity company. KONČAR has successfully completed multiple projects for VERBUND including revitalization of hydroelectric plants Egglfing and Braunau, supply of generators for new HE Gratkorn, and recent new contracts for projects in Germany and Austria. The partnership demonstrates expertise in hydrogenerator supply and modernization for major European utilities.
• HEP ProizvodnjacoreStrategic or Co-development PartnerPartnership with Croatian electricity producer for major rehabilitation projects at domestic hydroelectric facilities. EUR 95.2 million contract signed for reconstruction of generating units at Varaždin Hydropower Plant.
• KONČAR – Electrical Engineering InstitutecoreTechnology or IntegrationInternal group partnership for testing and validation of generators and motors. The Institute operates nine modern laboratories with nearly 800 accredited testing and calibration methods, providing world-class testing capabilities that support product development and quality assurance.
• KONČAR – Metal StructuresstrategicTechnology or IntegrationInternal group partnership for manufacturing components and welded structures for generators and motors. Metal Structures company manufactures generator components with lifting capacity up to 2x63 tons.
• Ennskraftwerkekey accountStrategic or Co-development PartnerAustrian regional electricity company for which KONČAR revitalized a generator at the St. Pantaleon hydroelectric power plant. Represents successful entry into new Austrian customer market.

Scale indicators4 records

Recent moves3 records

Expansion highlights5 records

Direct peers

• WEG: Brazilian manufacturer of industrial motors, generators, and transformers with global presence. Comparable product portfolio for industrial applications including synchronous generators and motors in similar end markets worldwide.
• Ingeteam: Spanish manufacturer of electrical equipment including generators, motors, and frequency converters with strong renewable energy and hydro focus. Comparable technology base and European utility customer overlap, especially in small and medium hydro.
• ANDRITZ Hydro: Global leader in hydro turbines and generators with strong European presence and similar utility customer base. Directly comparable for hydrogenerator design, manufacturing, and modernization work across the same end markets served by KONČAR GIM.
• Marelli Motori: Italian manufacturer of electric motors and generators including for hydro, industrial, and marine applications. Comparable scale, European heritage, and similar customer overlap in industrial and power generation markets.
• CG Power and Industrial Solutions: Indian manufacturer of motors, generators, and power solutions serving industrial and utility customers globally. Comparable product range for industrial motors and synchronous generators across similar applications and geographies.
• TECO Electric & Machinery: Taiwanese manufacturer of industrial motors, generators, and power equipment with global sales reach. Comparable product portfolio in industrial motors and synchronous generators serving similar end markets in industrial and power generation.
• Voith Hydro: Major German-based manufacturer of hydro turbines, generators, and automation with similar European utility customer focus. Comparable product portfolio spanning new equipment, modernization, and lifecycle services in the same hydro vertical.

Broad incumbents

• Siemens Energy: Major German energy equipment manufacturer with hydro and other power generation products including generators. Significantly larger scale and broader portfolio but competes for similar utility modernization and EPC contracts.
• GE Vernova: GE's standalone power business including hydrogenerators as part of a broader portfolio (gas, steam, hydro, wind). Significantly larger scale and broader scope, but overlaps on hydrogenerator products and utility customers.
• ABB: Swiss industrial automation and electrification company with industrial motors and generators within a broader portfolio. Overlaps on industrial motor products and large utility electrical equipment installations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/KONCARGroup
• LinkedInlinkedin.com/company/koncar-generators-and-motors-inc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Končar Generatori i motori