About MVM
MVM is an Energy & Utilities company based in Budapest (Hungary) founded in 1963, and was acquired by Antenna Hungaria in November 2021. MVM is engaged in energy production and distribution in Hungary. It operates on a Direct-to-Consumer (D2C) and Subscription Services model. MVM has completed 2 acquisitions, including EMASZ Halozati and ENEXIO. Its website mvm.hu draws about 51 thousand monthly visits. MVM offers products and services including Electricity Production, Gas Storage, and Energy Retail. Its focus areas include Energy, Utilities and Electricity and Gas. Its legal entity is MVM Zrt. Its competitors include SolServices, RENA Solar and Electron Holding Zrt.
Company details
MVM is involved in the production, storage, transmission, and distribution of electricity and gas across Hungary and neighboring regions. The company operates various power plants, including nuclear, gas, and renewable energy facilities. Services are extended to both retail and wholesale markets, ensuring energy supply to residential and commercial clients. Additionally, network management and system operation are handled to maintain energy infrastructure. Solutions for energy efficiency and mobility are also provided to support sustainable development in the energy sector.
- Headquarters Budapest, Hungary
- Stage Acquired
- SectorsEnergy & Utilities
- Website category Heavy Industry and Engineering · Energy Industry
- Email••••••••
- Phone•••• ••••
- Website mvm.hu
- Social LinkedIn Facebook Instagram
- Acquired by Antenna Hungaria (Nov 2021)
- Legal Name Mvm Zrt.
- Annual Revenue$30.94 M (USD)137as on Dec 31, 2020
- Net Profit$224.95 K (USD)484as on Dec 31, 2020
- Latest Funding Round$846.6K (USD), Grant
Sep 2020
- InvestorsEuropean Union
& 1 more
- Investments & AcquisitionsEMASZ Halozati
& 1 more
- Acquired byAntenna Hungaria
(Nov 2021)
Products & Services of MVM
MVM offers a comprehensive portfolio of products and services, including Electricity Production, Gas Storage, and Energy Retail.
Electricity is generated through various power plants operated.
Natural gas is stored for distribution and supply.
Energy services are provided to residential and businesses.
Funding Insights of MVM
- Total Rounds 1
- Last Round Grant — $846,596
- First Round $846,596
(Sep 2020)
- Investors Count 1
All 1 funding rounds of MVM with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2020 | $846,596 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in MVM
MVM has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Antenna Hungaria.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Subscription-based satellite TV services are delivered to customers. | 1992 | ahrt.hu | Budapest, Hungary |
Investor details for MVM
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Investments & Acquisitions by MVM
MVM has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include EMASZ Halozati and ENEXIO.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Electricity grid management, metering, and connection services are provided. | emaszhalozat.hu | Hungary | 2007 | Apr 2021 | •••• | |
Power cooling systems are manufactured for industrial energy applications. | enexio.com | Herne, Germany | 1935 | Nov 2020 | •••• |
Complete acquisition details for MVM
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of MVM
5 dated milestones of MVM across 58 years, from founding to its latest funding, stage changes and deals.
- Founded MVM is founded.
- Funding First funding round of $847K.
- Acquisition Acquires ENEXIO.
- Acquisition Acquires EMASZ Halozati.
- Exit Acquired by Antenna Hungaria.
Competitors of MVM
MVM has 3 listed competitors in our database. They include SolServices, RENA Solar and Electron Holding Zrt.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| solservices.hu | 2017 | Budapest, Hungary | Develops and permits large-scale solar parks with emphasis on sustainability. | |||
| renasolar.hu | 2008 | Budapest, Hungary | Offers solar panel installations for homes and industries with full maintenance services. | |||
| electronholding.com | 2017 | Budapest, Hungary | Develops and operates renewable energy projects and energy trading services. |
Detailed competitors of MVM
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of MVM
The website of MVM (mvm.hu) receives about 51K visits a month and ranks #555,211 among all websites worldwide, #7,898 in Energy Industry.
- Monthly visits51K
▼ 6.5% vs previous month
- Unique visitors29.1K
per month
- Global rank#555,211
among all websites
- Category rank#7,898
Heavy Industry and Engineering · Energy Industry
- Bounce rate38%
- Pages per visit2.7
- Average visit41 sec
- DevicesDesktop 54% · Mobile 46%
Websites whose visitors overlap most with MVM. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
mvmnext.hu | mvmnext.hu | 100% | #12,986 | – | |
mavir.hu | mavir.hu | 77% | #1,077,047 | – | |
ovit.hu | ovit.hu | 77% | – | ||
| mert.hu | 73% | View details | |||
mvmpartner.hu | mvmpartner.hu | 70% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 30 similar websites and full traffic analytics for MVM
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 30 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Mvm
Complete news archive for MVM
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about MVM
MVM was founded in 1963 and raised its 1st funding round 57 years after it was founded.
MVM is headquartered in Budapest, Hungary.
Annual revenue of MVM is $30.94M as on Dec 31, 2020.
MVM is involved in the production, storage, transmission, and distribution of electricity and gas across Hungary and neighboring regions. The company operates various power plants, including nuclear, gas, and renewable energy facilities. Services are extended to both retail and wholesale markets, ensuring energy supply to residential and commercial clients. Additionally, network management and system operation are handled to maintain energy infrastructure. Solutions for energy efficiency and mobility are also provided to support sustainable development in the energy sector.
MVM's top competitors include SolServices, RENA Solar and Electron Holding Zrt.
MVM offers Electricity Production, Gas Storage, and Energy Retail.
MVM has made 2 acquisitions, including EMASZ Halozati, and ENEXIO.
MVM has 2 investors. Key investors include European Union, and Antenna Hungaria.
MVM operates through Mvm Zrt..
Yes. MVM was acquired by Antenna Hungaria in November 2021.