METKA’s new era unveiled at an event held at METLEN’s headquarters
At an event combining a strong sense of history with a clear focus on the future, METKA today, 10 November, unveiled its evolution into an integrated platform spanning infrastructure, concessions and facility management: METKA Group.
The new structure expands METKA’s role beyond the delivery of individual projects to encompass their entire lifecycle, bringing together design and construction with financing, maintenance and long-term operational support, depending on the contractual scope of each project.
The event, entitled “Turning Creation into Value”, was attended by Greece’s Minister of National Defence, Nikos Dendias; Minister of Development, Takis Theodorikakos; and Minister of Education, Religious Affairs and Sports, Sofia Zacharaki, alongside representatives of the Hellenic Parliament, institutional bodies, the business community and infrastructure sector, as well as partners and executives from METLEN and METKA.
The evening brought together people who have played a part in the company’s journey and provided an opportunity to present METKA’s new identity and the opportunities emerging across the infrastructure sector.
In their remarks, the company’s leadership highlighted the business rationale behind the transformation, the evolving demands of the infrastructure market and the contribution of METLEN’s experience and corporate culture to the development of METKA Group.
Evangelos Mytilineos, Executive Chairman of METLEN, linked METKA’s new chapter with its history and its longstanding relationship with METLEN: “The METKA name has always been associated with good fortune throughout our company’s journey. Even at times when METLEN faced significant challenges, we always looked after METKA and prioritised its needs. In turn, METKA repaid that support in many ways over the years.
I remember a long-standing shareholder expressing his concern about what the future would hold when the then METKA was delisted in 2017. At the time, I promised him that he would see it return to the stock market. Eight years later, I am keeping that promise.
Today therefore carries particular emotional significance for all of us who have shared this journey. I am especially pleased that so many of the people who experienced it together remain by our side today.”
He added:
“I would like to warmly thank METKA’s people for their dedication and the countless hours of work they have devoted to building an organisation of this scale in such a short period of time. Reaching €1 billion in revenue in just three years is an exceptional achievement by the standards of the Greek market.
As METLEN, we have supported METKA with everything we could offer, including one of our most important assets: our entrepreneurial culture.”
Dinos Benroubi, CEO of METKA Group, said: “METKA is now an integrated infrastructure platform combining construction, PPPs and concessions, and facility management. Construction has been, and remains, the core of our business. At the same time, through M Concessions, the platform invests in and finances infrastructure projects, while also undertaking their operation and maintenance over periods extending across decades.
In four words: We invest and finance. We build. We operate.
This evolution is far more significant than it may initially appear. It means that we are no longer judged solely on our ability to deliver technically excellent projects. We are judged on whether we can assess a project from beginning to end, properly weigh its risks and opportunities, price it accurately, secure the optimal and most competitive financing structure, deliver it on time and within budget, operate it successfully and, ultimately, create value throughout its entire lifecycle.”
Evangelos Chrysafis, Vice Chairman of METLEN and Chairman of METKA Group, highlighted the foundations underpinning the new platform: “METKA’s strong position is built on five key strengths: technical and construction expertise; a proven ability to deliver complex projects; financial strength and access to competitive financing; an integrated business model covering different stages of a project’s lifecycle; and investment discipline.
There is, however, another advantage that is difficult to capture in a financial model: METLEN’s culture and experience. Through decades of international activity, METLEN has learned how to enter demanding markets, identify major shifts at an early stage and invest in opportunities offering an attractive risk-return profile. It has learned how to build scale and create value while maintaining rigorous control over the risks it assumes. This is the experience that stands behind METKA.”
With its new structure, METKA Group is strengthening its ability to capture opportunities across infrastructure, concessions and Public-Private Partnerships (PPPs), as well as adjacent sectors including logistics, water infrastructure and environmental projects, both in Greece and across the wider Southeast European region.
This integrated approach is already reflected in a portfolio spanning major public infrastructure projects, private developments and social infrastructure. Indicatively, this includes the Thessaloniki Flyover, in a joint venture with AVAX; participation in the Northern Road Axis of Crete (BOAK); the restoration of the Domokos–Krannonas railway section; as well as VORIA in Marousi and the Riviera Galleria at The Ellinikon.
A particularly significant project is the development of 17 bioclimatic schools in Central Macedonia, a PPP integrating design, financing and construction with the maintenance and technical management of the school facilities over a 25-year period.
METKA Group’s next chapter connects its growth with infrastructure that responds to tangible, everyday needs: safer mobility, better educational facilities, more efficient freight connections, and modern spaces in which people can live, work and spend their leisure time.
Drawing on the expertise of its people and the strong foundations of METLEN, METKA Group is entering a new chapter with a clear ambition: to turn creation into lasting economic, social and environmental value, serving the needs of today while building for the generations to come.
