What CE Industries does

CE Industries is a privately held Czech industrial holding company founded by Jaroslav Strnad and headquartered in Prague, operating across Central and Southeastern Europe (Czech Republic, Slovakia, Croatia, Serbia, Poland) and North America. The group comprises 34 portfolio companies and over 3,000 employees organized into five divisions: Railways (Đuro Đaković, Vítkovické železniční opravny, Vítkovická doprava) covering the full freight wagon lifecycle; Energy (MICo, MICo Servis, CHEMCOMEX, CE Engineering) supplying nuclear and conventional power equipment including heat exchangers and pressure vessels; Recycling (Zberné suroviny Žilina, SPV Recycling, GUTRA, Likvidace odpadu CZ); the Helicopter Alliance, a six-company group across Czech Republic, Slovakia, and the USA (Alabama) covering the UH-60 Black Hawk lifecycle from US Army BEST-programme procurement through FAA- and European-military-certified ACE DECK VL-60 digital cockpit modernization, CLAW weapon-mount configuration, training, and long-term operational support; and an Opportunities division (Kaumy, Beohemija/Duel, FRUTA Podivín, Kávoviny, Czech Precision Forge) focused on distressed-asset acquisition, restructuring, and tolling-based industrial capacity preservation.

The business model combines one-time project revenue (rail and energy equipment manufacture, helicopter modernization), transaction-fee/tolling arrangements (Liberty Ostrava/Nová Huť CZK 3.6B facility), recurring maintenance and spare-parts revenue across rail, energy, and aerospace, and FMCG hardware sales (Beohemija household chemicals across ~20 countries, Kaumy food products projected at CZK 1.4B for 2026). Pricing is project-by-project and not publicly disclosed. Go-to-market is direct enterprise and government sales through field teams and long-term contractual relationships. The group recorded CZK 19.5B in turnover in 2025 with CZK 1.7B in combined EBITDA (53% YoY growth), targets 35% EBITDA growth in 2026, and aims to double EBITDA by 2028.

Capital structure is owner-controlled: Jaroslav Strnad holds a long-term majority stake of 50%+ following the June 2026 launch of the CE Industries & Aerospace SICAV qualified investor fund, which targets €100–200M in its first phase to finance further industrial, technology, and aviation acquisitions. Financing partners include Česká spořitelna (depository), TILLER (fund manager), BDO Fund Administration, ČSOB, VÚB, and EGAP (for the Liberty Ostrava tolling facility). Key executives are Adam Šotek (CEO/Deputy Chairman), Jiří Rabiec (CFO), and Vladimíra Michnová (HR Director).

Name

CE Industries

Legal name

CE Industries a.s.

Website

https://ce.industries

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

CE Industries is a privately held Czech industrial holding founded by Jaroslav Strnad, operating 34 portfolio companies across Railways, Energy, Recycling, Helicopter Alliance (UH-60 Black Hawk modernization), and distressed-asset restructuring in Central/Southeastern Europe and North America.

Ownership category

akta.pro rank

Product category

Industrial holding company (diversified industrial services and manufacturing)

NAICS

Management of Companies and Enterprises (551)

SIC

General Industrial Machinery & Equipment, Nec (3569), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ)

akta.pro secondary industry

Scrap Collection, Brokerage & Trading (Dealers, Aggregators, Exporters) (EUAIAJAH)

Keywords

• Industrial holding company
• Railway freight wagons
• Energy equipment manufacturing
• Helicopter modernization services
• Recycling waste management

Headquarters

HQ city

Praha

HQ country

Czechia

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Railway Manufacturing and Services: Revenue from design, manufacture, repair, maintenance, and storage of freight wagons through Đuro Đaković, Vítkovické železniční opravny, and Vítkovická doprava. Covers full wagon lifecycle.
2. Tolling / Contract Manufacturing: Financing and operating arrangement where VMT funds raw material purchases for industrial companies (Liberty Ostrava) and takes ownership of output for sale. CZK 3.6 billion tolling facility for Nová Huť since December 2024.
3. Energy Equipment Manufacturing: Revenue from design, manufacture, installation and servicing of power generation technologies (heat exchangers, pressure vessels, process units) for nuclear and conventional power sectors via MICo, MICo Servis, CHEMCOMEX, and CE Engineering.
4. Recycling Services: Revenue from collection, sorting, processing, and environmentally sound disposal of waste materials including ferrous/non-ferrous metals, paper, end-of-life vehicles, and electrical equipment via Zberné suroviny Žilina, SPV Recycling, GUTRA, and Likvidace odpadu CZ.
5. Helicopter Modernization and Support: Revenue from acquisition, modernization, training, spare parts, and long-term operational support for UH-60 Black Hawk helicopters through Helicopter Alliance (6 companies across Czech Republic, Slovakia, and USA).
6. FMCG Manufacturing and Sales: Revenue from food products (Kaumy, Fruta Podivín) and household chemicals (Beohemija/Duel brands) across 20+ countries. 2026 projected revenue of CZK 1.4 billion for Kaumy alone.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

CE Industries is a privately held Czech industrial holding company that rescues, restructures and develops industrial companies across five vertical divisions: Railways (freight wagon design, manufacture, repair, maintenance and storage), Energy (heat exchangers, pressure vessels and EPC services for nuclear and conventional power), Recycling (collection, sorting, processing and disposal of metals, paper, end-of-life vehicles and electrical equipment), Helicopter Alliance (acquisition, modernization, training and lifecycle support of UH-60 Black Hawk helicopters), and Opportunities (FMCG food and household chemicals manufacturing plus industrial restructuring and tolling services). The group operates through 34 portfolio companies and 3,000+ employees across Central Europe, Croatia, Serbia, and the United States, generating 19.5 billion CZK consolidated turnover in 2025.

Differentiator

Problem solved

Functional benefit

Brands

• Helicopter Alliance: Group specializing in modernization, service, training and operation of UH-60 Black Hawk helicopters for civilian and military users across Czech Republic, Slovakia and USA.
• Railways
• Energy
• Recycling

Products and services

• Railway freight wagon design, manufacture, repair and storage (Railways Division) Full-lifecycle services for freight railway wagons — design, new-build manufacturing, repair, maintenance and end-of-life recycling — delivered via Đuro Đaković Specijalna vozila (Croatia), Vítkovické železniční opravny and Vítkovická doprava. Targets European rail freight operators, wagon lessors and rail logistics companies. Production capacity has grown from 260 to ~1,000 wagons/year at Đuro Đaković under CE Industries ownership.
• Nuclear and conventional power equipment manufacturing (Energy Division) Design, manufacture, installation and servicing of heat exchangers, condensers, pressure vessels, special seals and process units for nuclear and conventional power generation, plus EPC projects, delivered by MICo, MICo Servis, CHEMCOMEX and CE Engineering. Serves power plant operators, utilities and industrial clients across 30+ countries.
• Recycling and waste management services (Recycling Division) Collection, sorting, processing and environmentally sound disposal of ferrous and non-ferrous metals, paper, end-of-life vehicles and electrical equipment, plus tailor-made waste management solutions. Operated by Zberné suroviny Žilina, SPV Recycling, GUTRA, Likvidace odpadu CZ and CE Ekoline; serves industrial waste generators, municipalities and individuals.
• UH-60 Black Hawk helicopter modernization and lifecycle support (Helicopter Alliance) End-to-end lifecycle support for the UH-60 Black Hawk platform: acquisition via the US Army BEST programme, airworthiness restoration (PMI I and II), installation of the FAA and EU-certified ACE DECK VL-60 digital cockpit and CLAW modular weapon mount, mission-specific configuration, training, spare parts supply and long-term operational support. Delivered by six companies across Czech Republic, Slovakia and the United States to European armed forces, security forces, civilian rescue and firefighting services.
• FMCG food manufacturing (Kaumy and Fruta Podivín) Manufacture of food products including mustards, baby food, jams, healthy-eating products, coffee and instant beverages, and preserves across own brands (4Slim, Hamánek, Melta, Alba, Ovko, Cvrček, Fruta) and private-label contracts. Distributed across 20+ countries; 2026 projected revenue for Kaumy alone is CZK 1.4 billion. Serves European retail chains and private-label manufacturers.
• Household chemicals manufacturing (Beohemija, Duel brand) Manufacture and European retail distribution of detergents and household cleaning chemicals under the Duel brand, plus private-label production. Capacity has been modernized through a €7M investment in automation, robotisation and logistics. Revenue doubled from €21M to €42M and market presence expanded from 7 to 12 countries under CE Industries ownership.
• Tolling and contract-manufacturing services (Vítkovice Machinery Trade / Liberty Ostrava / Nová Huť) Tolling and contract-manufacturing arrangement where Vítkovice Machinery Trade funds raw material purchases, finances operations and takes ownership of production output for resale. The CZK 3.6 billion Nová Huť facility has been operating since December 2024 to resume tube production, crash barrier manufacturing and flat-products rolling mill that had stood idle for 13 months, generating CZK 8 billion in revenue in 2024. Serves industrial steel and tube producers.
• CE Industries & Aerospace SICAV qualified investor fund Qualified investor SICAV fund enabling qualified investors to participate in selected industrial, technological and aerospace companies and projects linked to CE Industries and Helicopter Alliance groups. Targets EUR 100-200M in its first phase. Managed by TILLER investiční společnost, with BDO Fund Administration as administrator and Česká spořitelna as depository. Jaroslav Strnad retains a long-term majority stake of 50%+.

Quantifiable outcome

• Đuro Đaković production increased from 260 to ~1,000 wagons/year in 4 years
• +5 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered minor and core.

• OT LogisticsminorStrategic or Co-development Partner · 1 December 2024Polish logistics and port group operating in the Baltic Sea region and Central Europe. Acquisition of a stake represents group's entry into strategic port infrastructure segment while building on rail transport activities.
• GarmincoreTechnology or Integration · 1 January 2022Collaboration with Garmin for the ACE DECK VL-60 digital cockpit system. Built on Garmin G5000H avionics platform, certified by FAA and European military authorities.
• US Army (BEST Programme)coreStrategic or Co-development Partner · 1 January 2022Helicopter Alliance procures UH-60 Black Hawk helicopters directly from US Army surplus stocks through the BEST (Black Hawk Exchange and Sales Transaction) programme, available only to authorised partners.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• KKCG Group: Czech private investment group with diversified industrial holdings including engineering, energy, defense, and consumer products. Highly comparable as a Czech-headquartered multi-sector industrial holding pursuing both organic growth and acquisitions.
• Greenbrier Companies: Leading North American rail freight wagon manufacturer and lessor with global operations. Directly comparable to Đuro Đaković as a freight wagon producer with full lifecycle services including manufacturing, repair, and leasing.
• Penta Investments: Central European private investment firm with holdings across healthcare, retail, financial services, and industrial operations. Comparable as a CEE private holding pursuing both restructuring and growth-stage investments.
• J&T Group: Czech/Slovak financial-industrial conglomerate combining banking, private equity, and operating businesses. Comparable to CE Industries in geographic focus (CSEE), multi-sector industrial footprint, and private ownership structure.
• Vector Aerospace: Global helicopter MRO and modernization provider (now part of StandardAero). Directly comparable to Helicopter Alliance for helicopter lifecycle services, modernization, and operational support across military and civilian customers.
• Czechoslovak Group (CSG): Czech industrial conglomerate founded by Jaroslav Strnad (now run by his son Michal) covering defense, aerospace, automotive, and railway assets. The closest peer to CE Industries given shared DNA, similar restructuring playbook, and overlapping portfolio scope in CEE industrial assets.

Broad incumbents

• AAR Corp: US-based provider of aviation services including MRO, parts, and integrated solutions for commercial and government customers. Comparable to Helicopter Alliance as a global aviation lifecycle services provider with defense exposure.
• ArcelorMittal Ostrava: Czech steelmaking operations of the world's largest steel producer. Comparable as a large-scale steel producer in the same Moravian region competing for the same industrial customer base as the Liberty Ostrava tolling arrangement.

Regional players

• Tatravagónka Poprad: Largest rail freight wagon manufacturer in Slovakia and one of the largest in Europe. Direct regional competitor to Đuro Đaković for European freight wagon customers with similar product portfolio.
• Třinecké železárny: Czech steel producer operating in Moravia-Silesia region. Comparable to Liberty Ostrava operations under Vítkovice Machinery Trade tolling arrangement and serves similar European steel customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ceindustries

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries21 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about CE Industries