Aktsiaselts KONESKO

What Aktsiaselts KONESKO does

Aktsiaselts KONESKO (AS Konesko) is an Estonian B2B contract manufacturer founded in 1992, specialising in custom industrial electric motors (IEC frame sizes 63-400), electrical components and control panels, large-scale metal constructions, and modular e-rooms. The company operates four factories across Estonia — Koeru (motor and electrical component production with 9,500 m² of production area), Põltsamaa (metal fabrication with CNC machining up to 2.5 x 10 m), and Türi-Alliku (the newest and most modern factory producing small IEC63-100 motors, electrical components, and e-rooms with Fastems robotic logistics, automated warehouse, Elmotec Statomat automated winding, and Gottlob Thumm lacquering technology). With approximately 380-443 employees, Konesko is Estonia's largest electric motor manufacturer and the largest employer in Central Estonia. Headquartered at Viimsi (Aiandi tee 21), the company holds ISO 9001, 14001, 45001, and ISO 3834-2 certifications, supports ATEX/IECEx and CSA compliance, follows UL508A industrial panel standards, and provides IMDS/PPAP documentation for automotive industry clients.

Name

Aktsiaselts KONESKO

Legal name

AS Konesko

Website

https://konesko.ee

Company type

Private

Founded year

1992

Operating status

Operating

Short description

Estonian contract manufacturer of industrial electric motors (IEC 63-400), electrical components, large-scale metal constructions, and modular e-rooms. Operates four factories with 380+ employees, exporting 100% of production primarily to European OEMs led by 49% shareholder and primary customer Konecranes OY.

Ownership category

akta.pro rank

Product category

Industrial Electric Motor Manufacturing

NAICS

Industrial Machinery Manufacturing (33324), Electrical Equipment Manufacturing (3353), Machinery Manufacturing (333)

SIC

Motors & Generators (3621), Electrical Industrial Apparatus (3620), General Industrial Machinery & Equipment, Nec (3569)

akta.pro primary industry

Crane & Hoist Components (Wire Rope, Chain, Drums, Sheaves, Motors, Controls) (IMAHAJAK)

akta.pro secondary industries

Motor Drive & Motion Control Electronics Manufacturing Services (VFDs, servo drives, controllers) (IMAGAGAJ), Cranes, Hoists & Overhead Material Handling (Industrial) (IMAHABAE)

Keywords

• Electric motor manufacturing
• Industrial motor production
• Crane electrical components
• Metal fabrication services
• Contract manufacturing services

Headquarters

HQ city

Koeru

HQ country

Estonia

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Electric Motor Manufacturing: Contract manufacturing of electric motors (IEC 63-400 sizes) for industrial clients. Products are designed according to customer specifications and drawings. 100% export production.
2. Electrical Component Production: Manufacturing of electrical components and crane electrical cabinet assembly. Includes cable and wire harnesses, complex electrical panels, and control panels for container cranes.
3. Metal Construction Manufacturing: Large-scale metal component manufacturing including industrial crane parts and structural elements. Includes CNC machining, plasma/gas cutting, bending, welding, painting, and final assembly.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Aktsiaselts KONESKO designs and manufactures industrial electric motors (IEC frame sizes 63-400), electrical components and control panels for container cranes, modular e-rooms, and large-format metal constructions for industrial cranes. Operations span three production lines: electric motor manufacturing, electrical component production, and large-scale metal fabrication. All production is custom-built to customer drawings and technical requirements and 100% of output is exported.

Product overview

KONESKO is an Estonian electric motor, electrical components, and metal construction manufacturer with four factories located in Koeru, Põltsamaa, and Türi-Alliku. The product portfolio centers on electric motors (IEC 63-400) manufactured at the Koeru and Türi-Alliku factories, including both standard and custom non-standard configurations. The company produces electrical components including switchgear cabinets, control panels, crane electrical systems, and E-Rooms at dedicated facilities in Koeru and Türi-Alliku. The Põltsamaa metal factory specializes in large-format metal constructions and components for industrial cranes. Key services include full in-house production from stator/rotor assembly through final testing, CNC machining, welding (ISO 3834-2 compliant), and surface treatment. The company also provides IMDS compliance and PPAP documentation services for automotive industry requirements. All production is 100% exported, primarily serving the crane and lifting equipment sector with major customer Konecranes OY.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Largest electric motor manufacturer in Estonia with complete in-house production capability
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Scale indicators5 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• ABB: Swiss-Swedish industrial motor, drives, and motion control manufacturer. Highly comparable as a global producer of industrial electric motors and motor controls sold into crane, lifting, and process industry OEMs.
• WEG: Brazilian industrial motor, generator, and electrical component manufacturer. Closely comparable as a vertically integrated industrial motor OEM serving OEMs and industrial end-customers globally.
• TMEIC (Toshiba Mitsubishi-Electric Industrial Systems): Industrial motors, drives, and power electronics manufacturer. Comparable as a supplier of medium and large industrial motors, including custom motor designs, into crane, metal, and process industries.
• Yaskawa Electric: Japanese manufacturer of servo motors, AC drives, and motion control products. Comparable as an industrial motor and drive supplier with significant European presence serving lifting and crane OEMs.
• SEW-Eurodrive: German drive and motor manufacturer specializing in gear motors, electronic drives, and mechatronic systems. Comparable as a European industrial motor supplier with custom motor capability for crane and material handling applications.
• Bonfiglioli: Italian manufacturer of gear motors, drive systems, and inverters. Comparable as a European industrial motor and motion control supplier serving lifting, crane, and material handling OEMs.
• Regal Rexnord: US-based manufacturer of electric motors, bearings, and power transmission products (including Marathon Motors). Comparable in industrial motor manufacturing for OEMs and contract-built motor assemblies.
• Nidec Corporation: Japanese motor manufacturer (including Leroy-Somer) producing industrial, traction, and appliance motors. Comparable as a global producer of industrial electric motors with European manufacturing footprint.
• Siemens: German industrial conglomerate with a large SIMOTICS industrial motor franchise and drive systems. Comparable as a supplier of standard and custom industrial motors and controls into crane and process OEMs.

Emerging players

• VEM Group: German mid-sized manufacturer of electric motors, drives, and generator systems. Comparable in scale and product profile to Konesko as a European custom and standard industrial motor manufacturer serving industrial OEMs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php?id=100063661325725
• LinkedInlinkedin.com/company/konesko
• Instagraminstagram.com/askonesko

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Aktsiaselts KONESKO