Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and Romania’s leading renewable energy company, announces the opening of a new subsidiary in Stockholm, Sweden – Simtel Nordics. 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 decision to establish Simtel Nordics represents an organic move, part of the Group’s international growth strategy, aimed at strengthening Simtel’s presence in the Nordic region, covering all countries in the area. Through this expansion, the company seeks to transfer the knowledge and technical expertise accumulated in Romania, particularly in the field of energy storage (BESS) projects and Operation and Maintenance (O&M) services, to a market highly receptive to innovative energy efficiency solutions.
“The expansion into Sweden is a natural continuation of our international journey and a validation of the business model we have built in Romania. The Nordic countries provide an excellent environment for the development of renewable energy and storage projects, and through Simtel Nordics we aim to actively contribute to accelerating the transition to clean energy in this region. The Stockholm subsidiary will allow us to be closer to our existing partners and potential clients, offer high-quality local services, and increase the Group’s operational capacity at the European level. At the same time, the expansion into Sweden, together with the one carried out in Germany at the beginning of the year, strengthens our international development direction and provides a solid foundation to scale the successful model built in Romania to new European markets, ” stated Ana Nedea, Strategy and Business Development Director of Simtel Group.
The Stockholm branch has a strategic location, offering fast access to the entire Nordic region and proximity to existing partners. 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.
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About Simtel
Simtel is a technology, engineering, and innovation group with Romanian roots, international presence, and a global vision. The group provides companies and organizations with comprehensive solutions and integrated ecosystems, covering the entire process from consultancy, authorization, design, engineering, and construction to maintenance, operation, measurement, control, and energy supply. Simtel’s 360° expertise spans photovoltaic power plants, telecommunications, energy storage systems, as well as software platform development and robotic process automation, aiming to optimize resources and enhance efficiency. Simtel Team is listed on the Main Market of the Bucharest Stock Exchange under the ticker symbol SMTL.
