AS Matsalu Veevärk
AS Matsalu Veevärk is a 100% municipally-owned Estonian water and wastewater utility, founded 2004, operating drinking water supply and sewerage services across 30+ settlements in four rural western Estonian municipalities under tariffs regulated by Konkurentsiamet.
- Company typePrivate
- Founded2004
- HeadquartersMärjamaa, Estonia
- Headcount—
- GTM typeB2C
- OfferingServices
What AS Matsalu Veevärk does
AS Matsalu Veevärk is a regulated Estonian water and wastewater utility (aktsiaselts / joint-stock company) founded in 2004 by eleven municipalities in the Matsalu sub-basin and today owned 100% by four rural municipalities: Lääneranna (39.24%), Märjamaa (35.01%), Rapla (16.90%), and Lääne-Nigula (4.86%), with the company itself holding 3.99% of non-voting treasury shares. The company owns and operates drinking water supply and wastewater collection infrastructure spanning 30+ settlements across the Rapla, Lääne, and Pärnu counties of western Estonia, serving primarily residential households plus public institutions such as schools and care homes; assets located in Rapla municipality are leased to a separate operator, AS Rapla Vesi.
The core technology stack centers on Kamstrup A/S ultrasonic remote-readable meters (Multical 21 and flowIQ® 2200), deployed since 2016, which use radio signals for monthly automated consumption reads and incorporate rule-based leak detection. From 01.01.2026, only these remote-reading meters may be installed as primary meters, completing the transition away from mechanical meters. The company also operates a 24/7 emergency hotline, publishes laboratory water-quality analyses for every served settlement, and is a member of the Estonian Water Utilities Association (EVEL).
Revenue is generated almost exclusively from usage-based volumetric tariffs for water (€2.15/m³ excl. VAT from 01.08.2026) and wastewater (€2.49/m³ excl. VAT), with all rates approved by the Estonian Competition Authority (Konkurentsiamet) to reflect real production costs. Secondary revenue comes from unit-priced additional services (valve operations, meter replacements for freeze damage). With 11 staff, share capital of €1.14M–€4.55M, and no commercial expansion beyond the four-municipal franchise, the business operates as a stable, infrastructure-anchored regulated monopoly rather than a growth-oriented enterprise.
AS Matsalu Veevärk firmographics
Firmographics- Name
- AS Matsalu Veevärk
- Legal name
- AS Matsalu Veevärk
- Website
- https://matsaluvv.ee
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Short description
- AS Matsalu Veevärk is a 100% municipally-owned Estonian water and wastewater utility, founded 2004, operating drinking water supply and sewerage services across 30+ settlements in four rural western Estonian municipalities under tariffs regulated by Konkurentsiamet.
- Ownership category
- akta.pro rank
AS Matsalu Veevärk industry classification
Industry- Product category
- Water and Wastewater Utility Services
- NAICS
- Water Supply and Irrigation Systems (221310), Water, Sewage and Other Systems (2213)
- SIC
- Water Supply (4941), Electric, Gas & Sanitary Services (4900)
- akta.pro primary industry
- Water Supply & Wastewater Utilities Administration (BPAIACAG)
Keywords
Where AS Matsalu Veevärk is headquartered
LocationHeadquarters
- HQ city
- Märjamaa
- HQ country
- Estonia
- HQ region
- Europe
Offices2 records
Markets served
AS Matsalu Veevärk business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Technology or R&D, Others
Revenue model
- Water supply: Revenue generated from selling drinking water to residential customers, priced per cubic meter. Rates are approved by the Estonian Competition Authority (Konkurentsiamet) and must reflect real production costs (direct and indirect). Water prices as of 01.08.2026: €2.15/m³ excl. VAT, €2.67/m³ incl. VAT. As of 01.08.2026: €2.18/m³ excl. VAT, €2.703/m³ incl. VAT.
- Wastewater collection and treatment: Revenue generated from wastewater (sewerage) collection services, priced per cubic meter. Rates approved by Konkurentsiamet. Sewer prices as of 01.08.2026: €2.49/m³ excl. VAT, €3.09/m³ incl. VAT. As of 01.08.2026 (until 31.07.2026): €2.17/m³ excl. VAT, €2.691/m³ incl. VAT.
- Additional services: Charges for additional services such as valve opening/closing, meter replacement due to customer negligence (freezing damage), and other supplementary work. Price list published separately.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Water supply — per cubic meter |
| Usage-based | Pay-as-you-go | Sewerage/wastewater — per cubic meter |
| Usage-based | Pay-as-you-go | Combined water and sewerage package |
| Unit Pricing | Pay-as-you-go | Additional services (valve operations, meter replacement, etc.) |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
AS Matsalu Veevärk product offering
Product offeringCore offering
AS Matsalu Veevärk is a municipal water and wastewater utility that supplies drinking water and provides wastewater (sewerage) collection and treatment services to residential customers and public institutions across four rural municipalities in the Matsalu sub-river-basin in Estonia. Services are delivered through owned pipe networks, boreholes, and pumping stations, with usage-based per-cubic-meter pricing approved by the Estonian Competition Authority.
Product overview
AS Matsalu Veevärk operates as a centralized water and wastewater utility providing core services of drinking water supply and sewage/wastewater collection and treatment across 5 rural municipalities in Rapla, Lääne and Pärnu Counties, Estonia. The company also offers remote-readable water meter services using Kamstrup ultrasonic meters with leak detection, water quality testing, connection services for new customers, and 24/7 emergency response. The service portfolio centers on water supply infrastructure (Joogivee varustamine) and wastewater management (Kanalisatsiooniteenus) as the primary offerings, supplemented by technical services including meter reading, quality monitoring, and emergency repairs.
Differentiator
Problem solved
Functional benefit
Products and services
- Joogivee varustamine (Drinking Water Supply) Supply of drinking water meeting quality standards (Social Minister's Regulation No. 82) to customers in the service area through the public water network, priced at €2.18/m³ excl. VAT (until 31.07.2026) and €2.15/m³ excl. VAT (from 01.08.2026).
- Kanalisatsiooniteenus (Wastewater / Sewer Services) Collection and treatment of wastewater and sewage from connected properties in the service area, priced at €2.17/m³ excl. VAT (until 31.07.2026) and €2.49/m³ excl. VAT (from 01.08.2026).
- Kaugloetavad veearvestid (Remote-readable Water Meters) Ultrasonic Kamstrup water meters (Multical 21 and flowIQ® 2200) with built-in leak detection that are read remotely via radio technology, eliminating the need for customers to manually submit meter readings.
- Veekvaliteedi analüüs (Water Quality Testing) Laboratory analysis and monitoring of drinking water quality according to regulatory requirements, including microbiological and chemical indicator tests, with results published per settlement.
- Liitumisteenused (Connection Services) Connection applications for new customers to join the water and wastewater network, including issuance of technical conditions and processing of service contracts.
- Avariiteenused (Emergency Services) 24/7 emergency hotline (+372 56 494 756) for water outages, pipe bursts, blockages, and other urgent water supply issues.
Companies that use AS Matsalu Veevärk
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
AS Matsalu Veevärk technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
AS Matsalu Veevärk partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Kamstrup A/ScoreDanish company Kamstrup A/S is the supplier of remote-reading ultrasonic water meters used by AS Matsalu Veevärk. Models supplied include Multical 21 and flowIQ® 2200. The company has been installing Kamstrup meters since 2016 as part of its smart meter program. The meters use ultrasonic technology and support radio-based remote reading, replacing mechanical meters.
- Eesti Vee-ettevõtete Liit (EVEL) / Estonian Water Utilities AssociationcoreAS Matsalu Veevärk is a member of EVEL, the Estonian Water Utilities Association. EVEL represents water utilities' interests at national level, issues recommendations on consumer rights, water quality standards, crisis preparedness, and coordinates with government regulators. EVEL also provides public-facing guidance for water consumers.
- Märjamaa vald (Märjamaa Rural Municipality)coreMunicipal shareholder holding 35.01% of shares (6,229 shares). Governed by shareholder agreement and articles of association. One of four municipal shareholders. As a shareholder municipality, Märjamaa vald participates in governance through the supervisory council and general meeting.
- Lääneranna vald (Lääneranna Rural Municipality)coreMunicipal shareholder holding 39.24% of shares (6,981 shares). Largest shareholder by percentage. Governed by shareholder agreement. One of four municipal shareholders. As a shareholder municipality, Lääneranna vald participates in governance through the supervisory council and general meeting.
- Rapla vald (Rapla Rural Municipality)coreMunicipal shareholder holding 16.90% of shares (3,006 shares). One of four municipal shareholders. As a shareholder municipality, Rapla vald participates in governance. The company's assets in Rapla municipality are leased to AS Rapla Vesi.
- Lääne-Nigula vald (Lääne-Nigula Rural Municipality)coreMunicipal shareholder holding 4.86% of shares (864 shares). Smallest municipal shareholder. One of four municipal shareholders. As a shareholder municipality, Lääne-Nigula vald participates in governance through the supervisory council and general meeting.
- AS Rapla VesiminorAS Rapla Vesi is the lessee of water and wastewater assets belonging to AS Matsalu Veevärk that are located in Rapla municipality. This is a separate utility operating the infrastructure under a lease arrangement.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
AS Matsalu Veevärk competitors and assessment
Company assessmentDirect peers
- AS Kuressaare Veevärk: Water and wastewater utility serving Kuressaare, the main town of Saaremaa island, Estonia. Comparable as a municipally-owned Estonian water/wastewater operator providing regulated potable water and sewerage services in a peripheral/rural region.
- Tartu Veevärk: Municipal water and wastewater utility serving Tartu, Estonia's second-largest city. Directly comparable as a municipally-owned Estonian water utility providing potable water and sewerage services under Konkurentsiamet tariff oversight.
- AS Rapla Vesi: Rapla municipal water utility that currently leases Matsalu's assets in Rapla municipality. Directly comparable as a small municipally-owned Estonian water operator with overlapping infrastructure footprint.
- AS Haapsalu Veevärk: Water utility serving Haapsalu and surrounding Lääne County — geographically adjacent to Matsalu's service territory. Directly comparable as a small municipally-owned Estonian water/wastewater operator in a rural-coastal region.
- AS Pärnu Vesi: Pärnu municipal water utility operating in Pärnu County — overlapping geographic region with Matsalu Veevärk. Closely comparable municipally-owned Estonian water/wastewater operator serving residential customers in western Estonia.
- AS Keila Vesi: Water utility serving Keila and surrounding Harju County area. Comparable as a small Estonian municipal water/wastewater operator with similar operational scale to Matsalu.
- AS Sillamäe Veevärk: Water utility serving Sillamäe, an industrial town in Ida-Viru County, Estonia. Comparable as a municipally-owned Estonian water/wastewater operator serving a defined service territory under the same national regulator.
Regional players
- HSY (Helsinki Region Environmental Services): Municipal water supply and wastewater utility serving the Helsinki metropolitan area in Finland. Comparable as a Nordic municipal water/wastewater operator under EU-aligned regulatory standards, though operating at substantially greater scale.
- Rīgas Ūdens: Largest water and wastewater utility in Latvia, serving Riga and surrounding municipalities. Comparable as a Baltic regional municipal water/wastewater operator under analogous EU regulatory frameworks.
Broad incumbents
- AS Tallinna Vesi: Largest Estonian water utility, listed on NASDAQ Tallinn; serves Tallinn and parts of surrounding region. Comparable as an Estonian regulated water/wastewater operator under the same national regulatory framework, but operates at much greater scale in an urban setting.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
AS Matsalu Veevärk financial estimates
Financial estimateRevenue estimate
Valuation estimate
AS Matsalu Veevärk leadership team
Management profileNumber of profiles
Profiles17 records
AS Matsalu Veevärk funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AS Matsalu Veevärk 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 AS Matsalu Veevärk
What does AS Matsalu Veevärk do?
AS Matsalu Veevärk is a municipal water and wastewater utility that supplies drinking water and provides wastewater (sewerage) collection and treatment services to residential customers and public institutions across four rural municipalities in the Matsalu sub-river-basin in Estonia. Services are delivered through owned pipe networks, boreholes, and pumping stations, with usage-based per-cubic-meter pricing approved by the Estonian Competition Authority.
Is AS Matsalu Veevärk a public or private company?
AS Matsalu Veevärk is a private company. It is classified as state government owned and is currently operating.
When was AS Matsalu Veevärk founded?
AS Matsalu Veevärk was founded in 2004.
Where is AS Matsalu Veevärk based?
AS Matsalu Veevärk is headquartered in Märjamaa, Estonia, in the Europe region.
How does AS Matsalu Veevärk make money?
Three revenue lines are on record. Water supply is the primary driver. The others are wastewater collection and treatment and additional services.
Who are AS Matsalu Veevärk's main competitors?
Direct peers on record are AS Kuressaare Veevärk, Tartu Veevärk, AS Rapla Vesi, AS Haapsalu Veevärk, AS Pärnu Vesi, AS Keila Vesi and AS Sillamäe Veevärk. Regional players are HSY (Helsinki Region Environmental Services) and Rīgas Ūdens. AS Tallinna Vesi is listed as a broad incumbent.
Does AS Matsalu Veevärk have an API?
No public API is recorded for AS Matsalu Veevärk.
What industry is AS Matsalu Veevärk in?
AS Matsalu Veevärk's product category is Water and Wastewater Utility Services. Its primary akta.pro industry code is BPAIACAG, Water Supply & Wastewater Utilities Administration. Its NAICS code is 221310 and its SIC code is 4941.