Intrakat Group Emerges as Greece’s Second Largest Construction Powerhouse through Aktor Acquisition
London, United Kingdom – (Newsfile Corp. – May 24, 2023) – Intrakat Group, a leading company in Greece specializing in construction, infrastructure, renewable energy, real estate development, concessions/PPPs, and waste management sectors, has achieved a significant milestone with the acquisition of Aktor. This strategic move has propelled Intrakat Group to become the second largest construction company in Greece, boasting an impressive project portfolio exceeding €4 billion. With a strong commitment to strategic growth and investment, Intrakat Group has already established a robust presence in its target sectors and has ambitious plans for further expansion in the coming years. The recent acquisition of the Apanema Resort in Mykonos Town showcases the Group’s dedication to transforming properties into cutting-edge luxury boutique hotels. Furthermore, since the beginning of 2022, Intrakat has successfully operated the prestigious “Xenodocheio Milos,” a 5-star hotel situated in the heart of Athens.
Moving forward, the Group is preparing to participate in the bidding process for the new concession of the Attiki Odos, forming a 30% joint venture with BRISA, a prominent European company specializing in managing road networks and motorways.
Recognizing the significance of sustainable energy and the green transition, Intrakat Group is strategically investing in Renewable Energy Sources (RES), which will serve as a key driver for growth and investment. With an existing RES project portfolio boasting a capacity of 1.8 GW and electricity storage projects of 0.7 GW, the Group is well-positioned to capitalize on Greece’s potential for offshore wind farms by collaborating with Parkwind, a company renowned for its experience in similar ventures.
Beyond renewable energy, Intrakat Group aims to strengthen its presence in real estate and tourism infrastructure, focusing on the development of luxury hotels and residential units in sought-after destinations such as Mykonos, Santorini, Paros, Syros, Athens, and Crete.
“We are thrilled to take this significant step for Intrakat Group, solidifying our position as Greece’s second largest construction company. This acquisition will enable us to expand our capabilities and geographic reach while upholding our commitment to delivering high-quality services to our clients,” stated Alexandros Exarchou, CEO of Intrakat Group.
The acquisition of Aktor marks a pivotal milestone in Intrakat Group’s growth strategy, with its unwavering focus on strategic investments and clear direction expected to drive stable financial flows and establish the Group as a market leader in Greece for years to come.
This announcement underscores Intrakat Group’s unwavering commitment to expanding its presence across sectors while solidifying its position as a major player in Greece’s construction and infrastructure markets. Catering to business investors and those seeking growth opportunities, Intrakat Group is well-positioned to deliver on its commitment to strategic investments, clear direction, and exceptional service across various sectors, cementing its status as a prominent force in Greece’s construction and infrastructure realms.
About Intrakat Group
Intrakat Group is a leading player in Greece’s construction, infrastructure, renewable energy, real estate development, concessions/PPPs, and waste management sectors. Guided by a clear strategic vision and investment orientation, the Group actively strives to expand its business footprint, boasting a strong presence across targeted sectors. With a turnover of €225 million and €365 million in asset value, Intrakat Group is poised for growth, supported by a robust backlog of projects exceeding €4 billion. Intrakat Group remains committed to strategic investments, clear direction, and delivering top-notch services to clients across diverse sectors, solidifying its position as a key player in Greece’s construction and infrastructure markets.
