- Business
- Intracom Holdings S.A. (INTRK.AT) serves as the holding company for a group of multinational firms specializing in information technology solutions and services, construction projects, defense electronics systems, real estate development, and strategic investments. Founded in 1977 and headquartered at 19th km Markopoulou Avenue in Paiania, Greece, the company maintains operations across more than 70 countries through subsidiaries in the United States, Luxembourg, Cyprus, Romania, and elsewhere, with a workforce of approximately 291 professionals as of late 2024. Its core segments encompass integrated IT services including software licenses, custom software development, cloud services, network support, and hardware sales; defense solutions via Intracom Defense Electronics (IDE) featuring wideband radios, intercommunication systems, satellite communications, cryptographic equipment, telemetry devices, homeland security systems, hybrid electric power generation and energy storage, and unmanned systems; construction activities through Intrakat covering civil engineering, infrastructure, telecom networks, renewable energy, environmental projects, and real estate; production and sale of electricity; as well as development and exploitation of real estate and hotel services. In 2024, the group advanced its strategic transformation by establishing EUROPE Holdings (formerly KLM) through the merger with INTRACOM PROPERTIES, creating a real estate portfolio valued at €134 million and initiating the acquisition of EUROPE Insurance to enter the insurance sector; INTRACOM VENTURES secured a 25% stake in Selene Enterprises for Regency Hellenic Investments exposure and a 33.33% interest in Athens Beach Club S.A. for sustainable coastal development; IDE won major contracts including €129 million in new orders from Raytheon ($42.5 million for Patriot components, $39.95 million for ESSM Block 2), Diehl Defence (€32 million across IRIS-T missile components), KNDS Deutschland (€4 million for WiSPR systems), Israel Aerospace Industries for hybrid energy systems, and €15 million in European Defense Fund projects like ACTUS (coordinated by IDE, €59.5 million budget), TRITON, SWIFT, and MARTE; additionally, Intracom Telecom announced a €45 million manufacturing facility in Kozani, Greece, set to commence construction in 2025.