Kelmendi Holdings
Portfolio

Six strategic clusters

The Group is organised into six clusters of companies with complementary capabilities and shared synergies — spanning complementary companies across multiple industry sectors.

01 · Design to Delivery

Engineering, Construction & Infrastructure

From engineering and systems integration to civil construction, technical advisory and structured PPP investment.

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APISCONTECH GroupKST InstituteVESTRONIS
02 · Renewable Power

Energy & Environment

Renewable energy development, production and trading — solar, wind, hydro, hybrid and battery storage through an SPV model.

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AXERENA
03 · Capital & Assets

Investment, Finance & Real Estate

Corporate finance, capital raising, project structuring and real estate development across all asset classes.

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ERAM InvestERAM Real Estate
04 · Made in Kosovo

Industrial Manufacturing

Public-safety, defence and advisory supply and integration — plus structural steel fabrication and building-envelope systems.

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HEXATECH
05 · Commerce & Food

Trade, Distribution & Agro-Industry

The commercial engine of the Group — wholesale and retail distribution, agro-industrial food production and e-commerce.

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ERAM GroupAGROSSREAMEDAREENA
06 · Human & Digital Capital

Knowledge, Technology & Media

Technology, digital platforms, media and communication that support and extend the Group ecosystem.

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Virtual EraNoox Media Group
Frequently Asked Questions

About the portfolio

How is the Kelmendi Holdings portfolio organised?
The portfolio is organised into six strategic clusters: Engineering, Construction & Infrastructure; Energy & Environment; Investment, Finance & Real Estate; Industrial Manufacturing; Trade, Distribution & Agro-Industry; and Knowledge, Technology & Media. Each cluster page lists the companies within it.
What is a strategic cluster?
A cluster groups companies with complementary capabilities so they can deliver together. For example, within Engineering, Construction & Infrastructure, KST Institute provides engineering and technical authority, CONTECH Group builds, APIS integrates and installs, and VESTRONIS develops and finances PPP projects.
Does Kelmendi Holdings own its subsidiaries outright?
Ownership varies by company. Most operating companies are majority or wholly owned. AREENA is wholly owned by Kelmendi Holdings Ltd. (100%), while the four digital ventures — MERQANTOR, CROVESTA, MERCORAX and NORMLEXA — are held 70% by ERAM Invest Ltd. and 30% by Virtual Era Ltd.
Which sectors does the Group operate in?
Twelve industry sectors, including engineering and MEP services, construction and infrastructure, renewable energy, corporate finance, real estate development, industrial manufacturing, professional distribution, agro-industry and food, healthcare distribution, digital commerce, enterprise technology, and media and marketing.

Looking for a specific company?

Each company has its own profile, capabilities and website. Browse a cluster to find it.

About the GroupContact