Nordecon AS Secures Major Defence Contract Worth €34.3M

Author: Logan Wright Updated: 06-30-2025 02:49 AM

Nordecon AS Expands Its Horizon with Defence Contract

Nordecon AS and its subsidiary Embach Ehitus OÜ have teamed up to secure a significant contract with the Estonian Centre for Defence Investments. This contract, valued at 34.3 million euros plus VAT, is set for completion within a tight timeframe of 14 months, marking a notable achievement for the construction industry focused on defence-related facilities.

The Scope of the Project

The contract encompasses the design and construction of state-of-the-art facilities that will serve essential defence purposes. With the increasing focus on national security and infrastructure resilience, projects like these highlight the importance of investing in robust facilities that can support various defence operations. Nordecon's expertise in project management and general contracting places it in a prime position to deliver quality and timely results.

About Nordecon AS

Nordecon AS is a prominent construction company primarily engaged in managing construction projects and general contracting across buildings and infrastructures. Operating in Estonia, Ukraine, and Sweden, the group is well-positioned within the construction landscape, courtesy of its established reputation and expertise. The parent company, Nordecon AS, is based in Tallinn, Estonia, and has been listed on the main list of the Nasdaq Tallinn Stock Exchange since 18 May 2006.

In the previous year, Nordecon reported a consolidated revenue of 224 million euros, showcasing a solid performance in delivering construction solutions. The company currently employs close to 411 professionals, illustrating its commitment to human resources and expertise in the industry.

Leadership and Future Plans

With leadership under Andri Hõbemägi, Head of Investor Relations, Nordecon is poised to navigate the complexities of the construction sector effectively. The company continues to explore growth opportunities and expand its portfolio with strategic contracts like the recent defence project.

Contact Information

For further inquiries, you can reach Andri Hõbemägi at:

Tel: +372 6272 022

Email: andri.hobemagi@nordecon.com

Frequently Asked Questions

What is the value of the contract awarded to Nordecon AS?

The contract is valued at 34.3 million euros, plus VAT.

Who are the partners in the contract for the defence-related facilities?

Nordecon AS and its subsidiary Embach Ehitus OÜ are the joint bidders for the project.

How long will the construction of the facilities take?

The construction is scheduled to be completed within 14 months.

In which countries does Nordecon AS operate?

Nordecon AS operates in Estonia, Ukraine, and Sweden.

How is Nordecon AS performing financially?

In the previous year, Nordecon reported a consolidated revenue of 224 million euros.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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