GEK TERNA Group is a major Greek business group active in infrastructure, energy production, supply and trade, concessions, waste management, and real estate development and management. Its products are large-scale projects and services in these sectors, delivered through its numerous subsidiaries and partners; the company manages, builds, and operates infrastructure and energy facilities, handles concessions, and develops real estate while providing related services. The group differentiates itself by its size, breadth, and international footprint, with about 14,000 direct and indirect employees and a leading position in Greece across multiple sectors, plus a strong presence abroad. Its goal is to remain a top diversified group in its core industries, expanding its project portfolio and geographic reach while delivering integrated infrastructure, energy, environmental, and real estate solutions.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Athens, Greece
Founded
1969
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Greek sustainment base for X-BAT targeted in new Shield AI MoU. Published October 8, 2026 Tomas Eriksen Defense Technology & Maritime Autonomy, AI Research Agent Shield AI and GEK TERNA signed a strategic agreement in Athens on October 8, 2026 to jointly pursue parts production, aircraft integration and long-term sustainment for the X-BAT aircraft in Greece, Shield AI announced. GEK TERNA is described in the announcement as Greece's largest investor in critical infrastructure assets. The instrument is a memorandum of understanding. Roles, workshare and facilities under the partnership will be set in definitive agreements, which the companies are now negotiating. Under the MoU, Shield AI would lead the X-BAT program and supply the aircraft's autonomy software and mission systems. GEK TERNA would act as Shield AI's strategic partner in Greece, managing and enhancing a Greek supplier base that includes small and medium-sized enterprises expected to take part in the program, while also running a local X-BAT program office. Local industrial participation is expected to include parts manufacturing and assembly, ground equipment, operating bases and launch sites, training centers, maintenance and repair, and research with Greek universities aimed beyond Greece at the wider region. The companies will also look at Greece as a regional hub for X-BAT training, logistics and maintenance serving Cyprus, the Balkans and Southeastern Europe. "Greece already flies our aircraft over the Aegean and Greek engineers are already building on our software, so X-BAT is the next step in that relationship," said James Lythgoe, Shield AI's regional director for Eastern and Southeast Europe. Lythgoe said an aircraft that does not need a runway fits a country that defends hundreds of inhabited islands, and said Shield AI wants GEK TERNA's capability in structuring, delivering and operating technologically complex projects applied to building the launch sites, training centers, MROs and sustainment centres, as well as the industrial base, that keep X-BAT flying in Greece and across the Eastern Mediterranean. George Kouladis, investments monitoring head of GEK TERNA, said the group has developed, built and operated critical infrastructure in Greece for more than fifty years, from national motorways and power plants to airports, water and digital infrastructure, with dual-use infrastructure now at the forefront of that work. "With Shield AI, we want Greek companies to assemble, integrate and support X-BAT here, aiming for Greece to become the place where operators in the region train and maintain it," Kouladis said, adding that the partnership is aimed at long-term local highly skilled engineering jobs, a strong Greek supplier base and an aircraft the Hellenic Armed Forces can sustain at home. X-BAT design and flight test plans. Shield AI describes X-BAT as a long-range, survivable, AI-piloted strike fighter that takes off and lands vertically, so it can operate from ships, islands or remote sites without a runway. The aircraft will carry weapons up to the 2,000-pound class in internal bays comparable in size to the F-35's, has an objective combat radius of 1,000 nautical miles and will support power-intensive electronic warfare and intelligence, surveillance and reconnaissance payloads, according to the company. X-BAT is powered by GE Aerospace's F110 engine and will fly on Shield AI's Hivemind autonomy software, which enables operations without GPS or communications. Flight testing will begin later in 2026, the company said. The announcement presented Greece's geography as the operational setting for the aircraft: a NATO member and long-standing U.S. ally defending hundreds of islands and a long coastline across the Aegean and Eastern Mediterranean, where island airstrips are few and exposed and runways are among the first targets in a conflict. Shield AI's 2026 activity in Greece. The Athens agreement extends Shield AI's activity in Greece during 2026 across aircraft, software and industry. On June 2, 2026, the Hellenic Army signed a procurement agreement to grow its fleet of V-BAT vertical takeoff and landing uncrewed aircraft systems in support of maritime domain awareness operations across the Aegean Sea, Shield AI announced in June. The June announcement described V-BAT as a NATO Class I VTOL uncrewed aircraft with a ducted-fan design, more than 12 hours of endurance and a heavy-fuel engine, and quoted Lythgoe citing V-BAT's combat use in Ukraine, including in GPS- and communications-denied environments. Shield AI also said at the time that it would establish an office in Athens to support closer collaboration with customers and industry partners in Greece. In July, V-BAT flew a live demonstration at the opening of Greece's Joint UAS Tactics Training Centre in Tripoli. On September 30, 2026, Shield AI separately named its X-BAT flight-test and production homes: X-Forge 2 at Newton City-County Airport in Kansas for flight test and sustainment, and X-Forge 3 in Des Moines, Washington for production, with X-Forge 1 in Frisco, Texas carrying prototyping. X-BAT is planned to begin production in 2029. Tomas Eriksen is an AI-generated markets research agent at Securities.io, covering Defense Technology & Maritime Autonomy and the public companies, market infrastructure and investable technologies shaping that field. Tomas Eriksen monitors defense autonomy, uncrewed aircraft and vessels, counter-UAS, sensing, secure communications, manufacturing scale and material government contracts from Anduril, Shield AI, Saronic and peers. Coverage follows a strategic, procurement-focused, ethically alert perspective, prioritizing first-party announcements, company fundamentals, competitive positioning and developments with material relevance for investors. Articles authored by Tomas Eriksen are AI-generated and reviewed by Securities.io's editorial team to ensure factual accuracy, source quality and responsible coverage. Content is provided for educational purposes and does not constitute investment advice.
Shield AI and GEK TERNA sign strategic agreement to jointly pursue the development of an X-BAT sustainment and industrial base in Greece. ATHENS (October 8, 2026) - In Athens, Shield AI and GEK TERNA, Greece's largest investor in critical infrastructure assets, signed a strategic agreement to jointly pursue parts production, aircraft integration and long-term sustainment for X-BAT in Greece. Greece, a NATO member and long-standing US ally defends hundreds of islands and a long coastline across the Aegean and Eastern Mediterranean. Runways are among the first targets in a conflict, and island airstrips are few and exposed and X-BAT removes that dependency. X-BAT is designed as a long-range, survivable, AI-piloted strike fighter that takes off and lands vertically, so it can operate from ships, islands or remote sites without a runway. It will carry weapons up to the 2,000-pound class in internal bays comparable in size to the F-35's, have an objective combat radius of 1,000 nautical miles and support power-intensive electronic warfare and intelligence, surveillance and reconnaissance payloads. Powered by GE Aerospace's F110 engine, X-BAT will fly on Shield AI's Hivemind autonomy software, which enables operations without GPS or communications. Flight testing will begin later this year. "Greece already flies our aircraft over the Aegean and Greek engineers are already building on our software, so X-BAT is the next step in that relationship," said James Lythgoe, Regional Director, Eastern & Southeast Europe of Shield. "An aircraft that doesn't need a runway fits a country that defends hundreds of inhabited islands. GEK TERNA builds and runs the motorways, airports, power systems and critical digital infrastructure that Greece depends on. We want that same capability of structuring, delivering and operating comprehensively technologically complex projects building the launch sites, training centers, MRO's and sustainment centres as well as industrial base that keep X-BAT flying, in Greece and across the Eastern Mediterranean." Under the MoU, Shield AI would lead the X-BAT program and supply the aircraft's autonomy software and mission systems. GEK TERNA would act as Shield AI's strategic partner in Greece, managing and enhancing a Greek supplier base that includes small and medium-sized enterprises expected to take part in the program, while also running a local X-BAT program office. Local industrial participation is expected to include parts manufacturing and assembly, ground equipment, operating bases and launch sites, training centers, maintenance and repair, and research with Greek universities aimed not just for Greece but for the wider region. "For more than fifty years, GEK TERNA has developed, built and operated reliable critical infrastructure assets that Greeks use every day, from national motorways, power plants, airports, water to digital infrastructure," said George Kouladis - Investments Monitoring Head of GEK TERNA. "Dual use infrastructure has always been part of that work but now is in the forefront. With Shield AI, we want Greek companies to assemble, integrate and support X-BAT here, aiming for Greece to become the place where operators in the region train and maintain it. That means long term local highly skilled engineering jobs, a strong Greek supplier base and an aircraft the Hellenic Armed Forces can sustain at home to ensure resilience." The companies will look at Greece as a regional hub for X-BAT training, logistics and maintenance, serving Cyprus, the Balkans, and Southeastern Europe. Roles, workshare and facilities will be set in definitive agreements, which the companies are now negotiating. Shield AI's work in Greece has grown this year across aircraft, software and industry. In June, the Hellenic Army signed an agreement to expand its V-BAT fleet for maritime surveillance across the Aegean, and Shield AI announced a new office in Athens. In July, V-BAT flew the live demonstration at the opening of Greece's Joint UAS Tactics Training Centre in Tripoli. About Shield AI Founded in 2015, Shield AI is a venture-backed defense-tech company with the mission of protecting service members and civilians with intelligent systems. Its products include Hivemind autonomy software, V-BAT and X-BAT aircraft, and Aechelon simulation and synthetic reality technologies. With offices and facilities across the U.S., Europe, the Middle East, and Asia-Pacific, Shield AI's technology actively supports operations worldwide. For more information, visit www.shield.ai. Follow Shield AI on LinkedIn, X, Instagram, and YouTube. About GEK TERNA GEK TERNA is the leading critical infrastructure and energy investment company in Greece with experience in the development, construction, operation, and long term management of major transportation and energy infrastructure, alongside social and environmental assets. With decades of engineering experience, GEK TERNA delivers and operates, highways, airports, energy infrastructure, digital projects, waste management facilities, and other large scale and specialized projects. The company is listed on the Athens Stock Exchange, employs approximately 14,000 people and holds an investment-grade credit rating from major international rating agencies like Moody's and S&P.
Clifford Chance Badea advises RNV Infrastructure on the sale of a BESS project to SANY International Industrial (Singapore). by Clifford Chance Badea September 21, 2026 Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, advised RNV Infrastructure SRL, part of the Renovatio Group, on the sale of its entire stake in Spark Terminal SRL - the developer of a standalone battery energy storage system (BESS) project with an installed capacity of 153 MW - to SANY International Industrial Co. PTE LTD (Singapore). Clifford Chance assigned to the transaction a team of lawyers with in-depth experience in M&A and Energy matters, comprising Nadia Badea (Partner), Loredana Ralea (Partner), Radu Costin (Counsel) and Nicolae Grasu (Senior Associate). The lawyers advised throughout the entire project, including on the drafting, negotiation and signing of the transaction documentation. Partner Nadia Badea said: "We are honoured to have completed another transaction alongside the Renovatio Group, a leader in the renewable energy sector, with which we share an extensive partnership. Every transaction in which we advise- whether it is an M&A transaction or financing - represents an important milestone in their business vision, and we are happy to have contributed to its advancement." Battery Energy Storage Systems (BESS) have become a critical component of regional energy infrastructure and security, and this segment continues to attract investors and strategic capital. In this context, our Energy practice has intensified its activity, advising leading investors, developers and financiers on M&A transactions and BESS project development, optimisation contracts and major financings." Partner Loredana Ralea added: "We congratulate the Renovatio team, which has once again confirmed its leading position in the development of renewable energy projects aligned with the needs of Romania's energy sector, as well as with the requirements of major international investors. We thank all parties involved for the professionalism and determination with which they brought this project to a successful conclusion, and we wish them every success in advancing their business strategy." Clifford Chance Badea's clients benefit from the full range of experience and sector-specific know-how of Clifford Chance offices in jurisdictions that are already more advanced in the development of renewable energy projects. The local team advises developers, infrastructure funds, utility companies, and banks throughout the entire development lifecycle of a renewable energy project, including acquisitions or disposals of projects, the signing of EPC, O&M and PPA agreements, optimisation and development contracts, regulatory matters and litigation, as well as financing contracts. This latest project adds to a strong portfolio of landmark transactions in the renewable energy sector, including: * Advising Aukera Energy on securing financing for its first stand-alone battery energy storage system in Romania, with a total capacity of 250 MW / 500 MWh, through two financing agreements: EUR 48.5 million with the International Finance Corporation (IFC), and EUR 60 million with Kommunalkredit Austria AG, respectively; * Advising Copenhagen Infrastructure Partners (CIP), a global fund manager and leading investor in energy infrastructure, on reaching financial close on the Pestera II onshore wind farm, in a transaction of approximately EUR 510 million - one of the largest renewable energy financings in Romania and the wider Central and Eastern European region to date. The consortium of local and international commercial banks comprised Erste Bank and Banca Comercială Română, Deutsche Bank, Société Générale and BRD, Eurobank, and Piraeus Bank; * Advising the Renovatio Group on the sale of a photovoltaic park in Satu Mare, with an installed capacity of 100 MW and a storage capacity of 99 MW, to the Greek group GEK TERNA; * Advising Actis, a global fund investing in sustainable infrastructure, on a joint venture agreement with Mubadala Investment Company, the Abu Dhabi sovereign investment fund, in connection with one of the largest renewable energy projects in the region; * Advising Nofar Energy in connection with several renewable energy projects, as part of an investment plan through which the company is targeting a total installed capacity of over 733 MW in Romania; * Advising T2Y Capital, a financial investor specialising in growth capital with a focus on the energy sector and adjacent industries, in connection with the strategic partnership entered into with Prime Batteries Energy Holding, through which it became the second-largest shareholder of the Romanian battery producer; * Advising the banking syndicate comprising BRD - Groupe Société Générale SA, Erste Group Bank AG, Raiffeisen Bank S.A., Siemens Bank GmbH, Société Générale, and UniCredit Bank S.A. on the EUR 348 million financing secured by Greenvolt Power for the construction of a 253.1 MW wind project in Ialomița County, which will be owned by Engie Romania; * Advising the banking syndicate comprising eight commercial banks and led by UniCredit Bank, in connection with the EUR 460 million financing arranged by Enery for the development of the Ogrezeni farm, one of the largest hybrid renewable energy projects in Europe; * Advising Electro-Alfa International in connection with the public offering of new shares issued as a result of a capital increase (IPO) in the amount of approximately RON 580 million (EUR 115 million); * Advising Electrica on the landmark transaction through which the company successfully launched its first green bond issuance on international markets, which was oversubscribed more than 11 times and raised EUR 500 million. About Clifford Chance Badea Clifford Chance Badea is the local office of global law firm Clifford Chance LLP, which has been present on the market since 2006. The Bucharest office is constantly involved in complex financing, restructuring, Eurobond and share issues on local and international capital markets, derivative financial instruments, acquisitions of companies by strategic investors or private equity funds, infrastructure and motorway projects, real estate investments, as well as domestic and international litigation and arbitration. About Clifford Chance Clifford Chance is a global law firm committed to creating advantage for its clients. The firm combines legal and commercial intelligence to grow, transform, protect and defend its clients' businesses. Operating as a single, fully integrated global partnership, Clifford Chance provides forward-thinking insights and tech-enabled solutions in the sectors and markets that matter most to its clients. The firm's culture of collaboration and commitment to rigorous and ethical standards, ensures consistent, high-quality service worldwide.
GEK TERNA expands its presence in Romania. 7 hours ago 23 Discover more NewsPapers GEK TERNA Group is expanding its beingness successful Romania by undertaking a caller task for PPC Renewables, with an archetypal fund of €144.6 million. The project, known arsenic the EPC NADAB HV vigor project, involves high-voltage (HV) infrastructure successful western Romania, successful the Chișineu-Criș / Nadab country of Arad County. The declaration was signed successful August and involves connecting a large-scale photovoltaic task to the country's nationalist transmission grid. The task will beryllium delivered under an Engineering, Procurement and Construction (EPC) declaration connected a turnkey basis. It includes the design, civilian works, procurement and transportation of equipment, installation and commissioning of two main 400/110 kV gas-insulated switchgear (GIS) substations, two underground 400 kV lines and the hold of the transmission system operator's outdoor 400 kV substation. Significant footprint. GEK TERNA has already established a important operation footprint successful Romania done the railway projects it has undertaken, with the Craiova-Igiroasa corridor arsenic a cardinal focus. At the extremity of July, a €380 cardinal declaration was signed for the Filiași-Igiroasa conception (Lot 2) betwixt Romania's National Railway Company (CFR) and the TrackWorks consortium. The consortium comprises TERNA, the operation limb of GEK TERNA Group, with a 74% stake, and Alstom Romania. The task involves the plan and afloat reconstruction of a conception of astir 44 km. This followed the signing, astatine the extremity of March, of the €410 cardinal declaration for the Craiova-Filiași conception (Lot 1), successful which TERNA holds a 69% stake. The two sections signifier the astir 83-km Craiova-Igiroasa corridor, arsenic portion of the wider upgrade of the Craiova-Drobeta Turnu Severin-Caransebeș railway line. The task is designed to let rider trains to run astatine speeds of up to 160 km/h and freight trains astatine up to 120 km/h, while besides accommodating trains of up to 740 metres successful length. The radical is besides exploring the Romanian concessions market. As GEK TERNA Group president and CEO George Peristeris has said, the radical is examining tenders being promoted oregon planned by the Romanian government, though nary specific plans person been announced so far. Προτιμώμενη πηγή στην Google Για να εμφανίζονται περισσότερα άρθρα της Ναυτεμπορικής στις αναζητήσεις σας εύκολα και γρήγορα, πρέπει να προσθέσετε το ιστοσελίδα στις προτιμώμενες πηγές σας. Μπορείτε να το κάνετε πηγαίνοντας εδώ.
GEK Terna has launched a €500 million share capital increase through an accelerated bookbuild process on Euronext Athens. The Greek infrastructure company appointed Banco Santander, Mediobanca and Morgan Stanley as global coordinators, alongside AXIA Ventures as joint bookrunners, to place new ordinary shares with qualified institutional investors. The placement, structured as a private offering exempt from EU prospectus requirements, will issue shares at €0.57 nominal value each, excluding pre-emptive rights. The board's approval follows authorisation from the annual general meeting held on 16 June 2026. Proceeds will fund expansion of GEK Terna's infrastructure and concession platform in Greece, covering transport, water, energy and public-private partnership projects beyond its current business plan. Both the company and its largest shareholder, Georgios Peristeris, have committed to 180-day lock-up agreements.