AVH Grupp AS
AVH Grupp AS is a privately held Estonian industrial holding company operating across four verticals — sustainable energy (Alexela), metal industry (Bestnet, TIKI/AKU), oil shale chemistry (B2G Grupp), and real estate (OmaKoduMaja) — serving B2B and consumer customers in Estonia, Latvia, and Finland.
- Company typePrivate
- Founded2002
- HeadquartersTallinn, Estonia
- Headcount1–10
- GTM typeB2B
- OfferingServices
What AVH Grupp AS does
AVH Grupp AS is a privately held Estonian industrial holding company headquartered in Tallinn that manages and operates a diversified portfolio across four verticals: sustainable energy, metal industry, oil shale chemistry, and real estate. The company was founded in 1998, with its real estate subsidiary OmaKoduMaja AS entering the property market in 2002. Through its core operating subsidiaries, AVH Grupp owns and controls AS Alexela (a sustainable energy provider and the largest revenue contributor, offering electricity, gas, heating, and mobility services with stated carbon-neutrality ambitions by 2030), the Bestnet Group (metal operations including the TIKI and AKU trailer brands and metal surface coating services), B2G Grupp OÜ together with Kiviõli Keemiatööstuse OÜ (oil shale chemistry and sustainable valorization), and OmaKoduMaja AS (commercial and residential real estate development in Tallinn and Harju County). Additional energy-adjacent assets include Paldiski LNG/Balti Gaas, Eesti Biogaas, and Hamina LNG, plus the Alexela rePower innovation pipeline targeting solar, methanol, hydrogen, CO2 capture, and e-fuels.
The group generated 620 million EUR in standalone turnover in 2024 and 675 million EUR when consolidated with affiliates, employing 700+ staff at the parent level and 1,200+ across the wider group. It serves B2B and consumer customers primarily in Estonia, with a smaller but explicit presence in Latvia and Finland. Revenue mechanics are industrial and B2B-driven: hardware and energy sales through Alexela, metal products and coating services through Bestnet, oil-shale-derived chemistry products through B2G Grupp, and real estate sales/leases through OmaKoduMaja. Pricing is quote-based and not publicly disclosed.
AVH Grupp's go-to-market is regional direct sales across the Baltic and Scandinavian markets, with physical infrastructure (LNG terminals, energy storage, gas stations, industrial coating facilities, and real estate assets) functioning as the primary moat. The group has invested 11.8 million EUR (standalone) and 16.5 million EUR (with affiliates) in 2024, with a significant portion directed at the Alexela rePower innovation portfolio. In April 2026 the group completed the divestiture of its remaining 50% stake in AS Õhtuleht Kirjastus to AS Ekspress Grupp, signaling active portfolio rationalization away from non-core media exposure. Leadership is structured as a Management Board led by CEO Veiko Räim (with Veiko Vetto as additional Management Board member) and a six-member Supervisory Board chaired by Heiti Hääl.
AVH Grupp AS firmographics
Firmographics- Name
- AVH Grupp AS
- Legal name
- AVH Grupp AS
- Website
- https://avh.ee
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- AVH Grupp AS is a privately held Estonian industrial holding company operating across four verticals — sustainable energy (Alexela), metal industry (Bestnet, TIKI/AKU), oil shale chemistry (B2G Grupp), and real estate (OmaKoduMaja) — serving B2B and consumer customers in Estonia, Latvia, and Finland.
- Ownership category
- akta.pro rank
AVH Grupp AS industry classification
Industry- Product category
- Diversified Industrial Holding
- NAICS
- Management of Companies and Enterprises (55111), Management of Companies and Enterprises (551), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Gas & Other Services Combined (4932), Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Sustainability, ESG & Climate Risk Advisory (BPAHAJAH)
- akta.pro secondary industry
- ESG/Sustainable Investment Advisory (FSAEAAAJ)
Keywords
Where AVH Grupp AS is headquartered
LocationHeadquarters
- HQ city
- Tallinn
- HQ country
- Estonia
- HQ region
- Europe
Offices1 record
Markets served
AVH Grupp AS business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Technology or R&D, Supply Chain, Personnel, Marketing or Sales
Revenue model
- Energy Sector Revenue: Revenue from Alexela energy operations including sustainable energy services, solar installations, and related energy products across Estonia, Latvia, and Finland.
- Metal Industry Revenue: Revenue from Bestnet group metal operations including TIKI and AKU trailers and metal surface coating services.
- Chemical Industry Revenue: Revenue from B2G Grupp oil shale chemistry operations including Kiviõli Keemiatööstuse OÜ.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels2 records
AVH Grupp AS product offering
Product offeringCore offering
AVH Grupp AS is an Estonian holding company that operates through subsidiaries in four main sectors: sustainable energy services (via Alexela, including solar parks, LNG, biogas, and e-fuels innovation), metal industry (via Bestnet Group, producing TIKI and AKU trailers and metal surface coating services), chemical industry (via B2G Grupp, focused on sustainable oil shale chemistry and valorization), and real estate development (via OmaKoduMaja, developing commercial and residential premises in Tallinn and Harju County). The company functions as a diversified industrial and investment holding group serving the Baltic and Scandinavian markets.
Product overview
AVH Grupp AS is an Estonian holding company operating across four main business segments: energy (through Alexela and Alexela rePower), metal industry (via Bestnet Group), chemical industry (through B2G Grupp), and real estate (via OmaKoduMaja). The company functions as a diversified industrial and investment holding group rather than a technology product company. Its portfolio companies serve the Baltic and Scandinavian markets with sustainable energy solutions, metal fabrication services, oil shale chemical processing, and real estate development.
Differentiator
Problem solved
Functional benefit
Brands
- Alexela: Sustainable energy company offering comprehensive energy services, including solar panel installation, solar parks, methanol/hydrogen/CO2 capture projects, and e-fuels development. Operates in Estonia, Latvia, and Finland.
- Alexela rePower
- Bestnet Group
- B2G Grupp
- OmaKoduMaja
Products and services
- Alexela Energy Services Alexela is a leader in sustainable energy in Estonia, providing comprehensive energy services including electricity, gas, and heating solutions to customers in Estonia, Latvia, and Finland. It acts as a partner to customers at home, on the road, and at their destinations.
- Alexela rePower Innovation Projects Green energy innovation division focused on solar panel installation, solar park construction, methanol projects, hydrogen initiatives, CO2 capture, and e-fuels development.
- Bestnet Group Metal Products and Surface Coating Metal industry operations including TIKI and AKU trailer brands and extensive metal surface coating services using modern automated technologies across the Nordic and Baltic regions.
- B2G Grupp Oil Shale Chemistry Oil shale chemistry affiliate focused on sustainable utilization and valorization of natural oil shale resources using new environmentally friendly technologies, including operations of Kiviõli Keemiatööstuse OÜ.
- OmaKoduMaja Real Estate Development Real estate developer established in 2002, specializing in new development projects for commercial and residential premises in Tallinn and Harju County, including projects like Nehatu Logistics Park, Leetse Beach Village, and Paldiski Technology Park.
Companies that use AVH Grupp AS
Customer profileSegments3 records
Ideal customer profiles4 records
AVH Grupp AS technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
AVH Grupp AS partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- AS Ekspress GruppminorTransaction agreement where Ekspress Grupp acquired AVH Grupp's remaining 50% stake in AS Õhtuleht Kirjastus. The transaction was approved by the Estonian Competition Authority on April 2, 2026. This represents a divestiture rather than a strategic partnership.
Scale indicators4 records
Recent moves7 records
Expansion highlights6 records
AVH Grupp AS competitors and assessment
Company assessmentBroad incumbents
- Fortum: Finnish state-owned energy company with significant Baltic operations through district heating and renewable energy. Comparable to AVH Grupp's Alexela operations in Finland and broader energy transition ambitions.
- Stora Enso: Nordic renewable materials company with operations in packaging, biomaterials, and wood products. Comparable to AVH Grupp's Bestnet Group metal processing operations and broader Nordic-Baltic industrial footprint.
Regional players
- Elenger: Estonian natural gas and energy company (formerly Eesti Gaas). Comparable to AVH Grupp's LNG operations (Paldiski LNG, Hamina LNG) and natural gas distribution activities.
- Latvenergo: Latvian state-owned energy company operating across generation, distribution, and retail electricity. Comparable to AVH Grupp's energy operations in the Baltic region, particularly Alexela's footprint in Latvia.
- Olympic Entertainment Group: Baltic holding company with diversified operations across gaming, hospitality, and real estate. Comparable to AVH Grupp as a Baltic diversified holding company with multi-segment portfolio.
- LHV Group: Estonian financial holding company with banking and asset management operations. Comparable to AVH Grupp in holding company structure and Estonian market presence, though different in industry focus.
- Utilitas: Estonian energy company focused on district heating and renewable energy. Comparable to AVH Grupp's energy portfolio in the Baltic energy market with overlapping renewable energy and customer segments.
Direct peers
- Tallinna Kaubamaja Grupp: Estonian diversified holding company operating across retail, real estate, and automotive sectors. Comparable to AVH Grupp as a Baltic holding company with diversified industrial operations and similar governance structure.
- Enefit: Eesti Energia's international oil shale and energy subsidiary, performing identical oil shale chemistry operations as Kiviõli Keemiatööstuse OÜ. Comparable in business model and chemical processing capabilities.
- Eesti Energia: Estonian state-owned energy company also involved in oil shale processing and renewable energy development. Directly comparable to AVH Grupp's Alexela energy subsidiary given shared Estonian energy market and oil shale chemistry exposure.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
AVH Grupp AS social profiles
Digital presenceAVH Grupp AS financial estimates
Financial estimateRevenue estimate
Valuation estimate
AVH Grupp AS leadership team
Management profileNumber of profiles
Profiles8 records
AVH Grupp AS subsidiaries and ownership
Company hierarchySubsidiaries8 records
AVH Grupp AS funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AVH Grupp AS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AVH Grupp AS
What does AVH Grupp AS do?
AVH Grupp AS is an Estonian holding company that operates through subsidiaries in four main sectors: sustainable energy services (via Alexela, including solar parks, LNG, biogas, and e-fuels innovation), metal industry (via Bestnet Group, producing TIKI and AKU trailers and metal surface coating services), chemical industry (via B2G Grupp, focused on sustainable oil shale chemistry and valorization), and real estate development (via OmaKoduMaja, developing commercial and residential premises in Tallinn and Harju County). The company functions as a diversified industrial and investment holding group serving the Baltic and Scandinavian markets.
Is AVH Grupp AS a public or private company?
AVH Grupp AS is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was AVH Grupp AS founded?
AVH Grupp AS was founded in 2002. It employs 1 to 10 people.
Where is AVH Grupp AS based?
AVH Grupp AS is headquartered in Tallinn, Estonia, in the Europe region.
How does AVH Grupp AS make money?
Three revenue lines are on record. Energy Sector Revenue is the primary driver. The others are metal Industry Revenue and chemical Industry Revenue.
Who are AVH Grupp AS's main competitors?
Broad incumbents on record are Fortum and Stora Enso. Regional players are Elenger, Latvenergo, Olympic Entertainment Group, LHV Group and Utilitas. Direct peers are Tallinna Kaubamaja Grupp, Enefit and Eesti Energia.
Does AVH Grupp AS have an API?
No public API is recorded for AVH Grupp AS.
What industry is AVH Grupp AS in?
AVH Grupp AS's product category is Diversified Industrial Holding. Its primary akta.pro industry code is BPAHAJAH, Sustainability, ESG & Climate Risk Advisory, with a secondary code of FSAEAAAJ, ESG/Sustainable Investment Advisory. Its NAICS code is 55111 and its SIC code is 4932.