The company previously entered the German market, in early 2025.
This initiative marks a new stage in the company’s international expansion process and is based on the market opportunities identified in the Nordic region, one of the most dynamic and advanced in Europe in the field of energy transition.
„The expansion into Sweden is a natural step in Simtel Group’s international journey and a validation of the business model built in Romania. The Nordic countries offer a favorable environment for the development of renewable energy and storage projects, and through the establishment of Simtel Nordics, the company will actively contribute to accelerating the transition to clean energy in this region,” reads the company’s report.
The Stockholm branch has a strategic location, offering fast access to the entire Nordic region. Simtel already provides from Romania operation, maintenance, and preventive and corrective intervention services for numerous projects in the area. By opening this subsidiary, the company will be able to offer a more efficient local approach, with reduced response times and a high level of service quality.
Simtel Nordics will be primarily active in the EPC segment for energy storage and hybrid projects, complemented by Operation and Maintenance (O&M) services dedicated to BESS systems. The company is currently in the process of building the local team. In the medium term, the objectives include expanding the EPC and O&M project portfolio in the Nordic countries, while in the long term, integrating other business lines of the Group and completing the mix of services provided by Simtel internationally.
The opening of the Swedish subsidiary marks the second expansion in Europe in 2025, after the inauguration of the German one in January. The two subsidiaries will work closely with the teams in Romania, within an integrated operational model based on the transfer of technical expertise, cost optimization for implementation, and the increase of operational capacity.
Through this approach, Simtel strengthens its position as a key regional player in the renewable energy sector and amplifies its contribution to the European energy transition.
For 2025, the company does not plan to open other subsidiaries. However, the Group’s strategic plan through 2031 includes opening at least two new entities in high-potential European markets, as part of its international expansion pillar.
Simtel posted RON192.8 million consolidated operating income in H1/2025, up 81% from H1/2024. Consolidated net profit reached RON2.4 million, down 70% amid the seasonal nature of the company’s activity.
The company’s shares have added 52% since the start of the year, amid a RON489 million capitalization.
(English version by Catalina Apostoiu)