GEVORKYAN

What GEVORKYAN does

GEVORKYAN is a Slovakia-headquartered powder metallurgy company that manufactures precision metal components by combining four complementary technologies under one roof: Powder Metallurgy sintering (PM Sinter), Metal Injection Moulding (MIM), Hot Isostatic Pressing (HIP), and Additive Manufacturing (AM). Founded in 1996 by Artur Gevorkyan, an Armenian-origin military aerospace engineer, the company operates a single integrated facility in Vlkanová and produces more than 7 million components per month across over 2,000 part types, developing 150–200 new products each year. Output is sold B2B to enterprise OEMs across automotive, tools, HVAC, oil & gas, agriculture, cosmetics, fashion, medical, and defense end-markets in more than 30 countries, with customers including Dacia, Mercedes, Porsche, Bentley, Black & Decker, DeWalt, Bosch, Versace, and Hugo Boss.

The business model is custom contract manufacturing under multi-year supply agreements with quote-based pricing tied to component specifications and volumes; GEVORKYAN states it is the sole supplier for most customers and that many products are exclusive. The company retains in-house raw material development, R&D, tooling, and laboratory capabilities, and runs a relatively capital-light sustainability program (photovoltaic arrays covering ~25% of energy use, ~90% of waste recycled, monitored Scope 1/2 emissions). It went public on the Prague Stock Exchange's PX Start market in 2023 in what the company describes as the largest IPO on that venue (~€29 million raised), and is building a defense-focused sub-group (GEVORKYAN Force Defence s.r.o. plus a Kraków, Poland subsidiary) alongside the acquired Italian operation Gevorkyan Sinteris Italia.

Name

GEVORKYAN

Legal name

GEVORKYAN, a.s.

Website

https://gevorkyan.eu

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

51–100 employees

Short description

GEVORKYAN is a Slovakia-based powder metallurgy company that combines PM Sinter, MIM, HIP, and additive manufacturing under one roof to produce precision metal components for automotive, defense, tools, and industrial OEMs across 30+ countries.

Ownership category

akta.pro rank

Product category

Powder Metallurgy Components

NAICS

Powder Metallurgy Part Manufacturing (332117), Other Fabricated Metal Product Manufacturing (3329)

SIC

Miscellaneous Fabricated Metal Products (3490), Special Industry Machinery, Nec (3559)

akta.pro primary industry

Industrial Tooling, Jigs, Fixtures & Molds (End-Use Production Assets) (IMAAAEAH)

akta.pro secondary industries

Prototype Jigs, Fixtures & Assembly Aids (Additive) (IMAAAFAE), Additive Manufacturing for Metals (Metal 3D Printers & Post-Processing) (IMAHADAG)

Keywords

• Powder metallurgy components
• Metal injection molding
• Additive manufacturing services
• Precision metal parts
• Sintered metal components

Headquarters

HQ city

Vlkanová

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Custom Powder Metallurgy Components: GEVORKYAN manufactures over 2,000 different types of precision components using powder metallurgy technologies. The company develops 150-200 new products annually and produces more than 7 million parts monthly. Revenue is generated through long-term supply contracts with major multinational customers across diverse industries.
2. Research and Development Services: The company acts as a development partner for customers, creating custom solutions including entirely new products in powder metallurgy - approximately 150-200 new products developed annually.
3. Defense Industry Components: Through subsidiary GEVORKYAN Force Defence, the company supplies precision components for the defense industry including military and law enforcement applications.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

GEVORKYAN manufactures custom precision components using four powder metallurgy technologies (PM Sinter, Metal Injection Moulding, Hot Isostatic Pressing, and Additive Manufacturing) under one roof. The company produces more than 2,000 different component types and over 7 million parts per month, developing 150-200 new products annually for B2B customers in automotive, tools, defense, oil, HVAC, medical, cosmetics, and other industries.

Product overview

GEVORKYAN is a leading European powder metallurgy company offering a portfolio of four core manufacturing technologies under one roof: Powder Metallurgy (PM Sinter), Metal Injection Moulding (MIM), Hot Isostatic Pressing (HIP), and Additive Manufacturing (AM). The company operates as a full-service provider with in-house R&D, tooling, and laboratory capabilities. Its product portfolio spans over 2,000 different types of components across diverse industries including automotive, compressors, oil and gas, hand tools, garden equipment, medical, cosmetics, fashion, and defense. The company operates through subsidiaries including Force Defence (defense industry solutions) and Gevorkyan Sinteris (Italian operations), with Force Defence Poland expanding presence in the Polish defense market. GEVORKYAN develops 150-200 new products annually and manufactures more than 7 million components monthly, serving customers in over 30 countries worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• GEVORKYAN Force Defence: Defence industry subsidiary focusing on next generation defence manufacturing including precision components for firearms, ammunition, and security applications.

Products and services

• Custom Powder Metallurgy Components Custom-manufactured precision powder metallurgy components developed to customer specifications for automotive, industrial, defense, and consumer applications. Includes 150-200 new product developments annually.
• Automotive Components Precision powder metallurgy components for automotive applications including engine parts, transmission components, and structural assemblies. Customers include Dacia, Mercedes, Porsche, and Bentley.
• Compressor and HVAC Components Components for compressors, air conditioning systems, heat pumps, and HVAC equipment manufactured using powder metallurgy processes.
• Self-Lubricating Bearings Self-lubricating bearings and bearing components produced through powder metallurgy for diverse industrial applications.
• Oil Pump Components Components for oil pumps and petroleum industry applications meeting high material property requirements for extreme pressure and corrosive environments.
• Hand Tool and Power Tool Components

Quantifiable outcome

• More than 7 million components manufactured monthly
• +5 more outcomes

Named customers9 records

Segments9 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• Gevorkyan Sinteris ItaliacoreStrategic or Co-development PartnerItalian company acquired by GEVORKYAN, completing the acquisition of Italian company Gevorkyan Sinteris Italia. The acquisition integrated operations of Altha and SKF companies, transferring business operations from competing companies in Italy to Slovakia.
• GEVORKYAN Force DefencecoreStrategic or Co-development PartnerWholly-owned subsidiary of GEVORKYAN focused on defense industry solutions. Founded to concentrate long-term know-how and manufacturing capacities for the defense industry, building on years of experience developing and manufacturing components for civilian firearms industry.
• GEVORKYAN Force Defence PolandcoreStrategic or Co-development PartnerSubsidiary in Kraków, Poland representing strategic expansion of GEVORKYAN group into the Polish market with focus on innovative solutions for next-generation defense industry. The branch is led by a team of top Polish engineers acquired through targeted talent acquisition.
• American Customers in Professional ToolscoreStrategic or Co-development PartnerMajor American customer with global operations in professional tools and garden equipment segment. GEVORKYAN completed a strategic multi-part project comprising 16 new products for this customer in the first half of the year. Strong interest among American companies in cutting ties with Asian suppliers provides unique expansion opportunity.
• Long-standing Oil and Automotive Industry Partners (USA)coreStrategic or Co-development PartnerGEVORKYAN is expanding in the American market by broadening cooperation with long-standing partners in the oil and automotive industries.

Scale indicators12 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• Sandvik AB: Swedish multinational with a Materials Technology division covering powder-based products, additive manufacturing, and metal cutting. A scaled incumbent competing with GEVORKYAN in metal AM and PM components for industrial customers.
• GKN Powder Metallurgy (Dowlais): Global leader in powder metallurgy (formerly GKN Hoeganaes) producing sintered and MIM components, primarily for automotive. Larger scale and broader geographic footprint than GEVORKYAN but operates the same core technologies.
• Höganäs AB: Swedish world leader in metal powders for powder metallurgy. While Höganäs primarily supplies powder feedstock rather than finished parts, it is a core competitor/benchmark in the same PM technology stack and serves overlapping customers.

Direct peers

• Schunk Group: German technology group with a major powder metallurgy division producing sintered components for automotive, industrial, and energy applications. Closely aligned with GEVORKYAN on multi-technology PM offerings and European OEM customer base.
• Atlas Pressed Metals: US-based custom powder metallurgy parts manufacturer offering sintering and MIM services to industrial, automotive, and consumer markets. Comparable mid-sized custom PM business model to GEVORKYAN.
• Phoenix Sintered Metals: US-based producer of custom powder metallurgy components using press-and-sinter techniques for industrial and consumer applications. Comparable mid-market custom PM parts manufacturer.
• ASCO Sintering Co. US-based powder metallurgy parts manufacturer producing sintered components for firearms, automotive, and industrial customers. Directly comparable on PM Sinter/MIM technology and on defense-industry exposure similar to GEVORKYAN's Force Defence.
• Miba AG: Austrian family-owned powder metallurgy parts manufacturer producing sintered components, bearings, and friction materials for automotive and industrial customers. Directly comparable to GEVORKYAN in technology stack, customer profile, and family-ownership structure.
• AMES Group: Spanish powder metallurgy group with sintering and MIM operations serving automotive and industrial OEMs in Europe. Closely comparable regional peer with similar component portfolio and customer mix.

Regional players

• Porite Corporation: Japanese powder metallurgy parts manufacturer with global production footprint, primarily serving Asian automotive OEMs. Comparable technology base (PM sintering, MIM) but different geographic focus than GEVORKYAN.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@gevorkyan_pm/videos
• Xx.com/GEVORKYAN__
• Facebookfacebook.com/GevorkyanPM
• LinkedInlinkedin.com/company/gevorkyan

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

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 GEVORKYAN