cmT eyes dynamic growth with projected revenues of PLN 81 million in 2024

Poland-based engineering services provider cmT is gearing up for significant growth, forecasting revenues of PLN 81 million in 2024. The company, known for its work with major corporations like Mercedes-Benz and MAN, aims to expand its footprint in the industrial sector while increasing the volume of its services in other areas such as audits and projects in the hotel, office, and residential sectors.

In Poland, cmT collaborates with top industry players, including Mercedes-Benz, with which it is building the country’s first electric engine and battery plant in Jawor, and MAN, for the expansion of its truck manufacturing facility in Niepołomice. Other major clients include Viessman and Synthos. With a team of nearly 160 employees, 90% of whom are engineers, cmT’s portfolio is dominated by industrial projects, which account for around 65% of its work.

“Our experience in large industrial projects, such as the Mercedes-Benz electric engine plant, is a strong endorsement of our capabilities,” said Bernard Schiphorst, Senior Manager at cmT. “Increasingly, investors are turning to us to manage construction without a general contractor, recognizing our expertise in coordinating complex processes.”

In recent years, cmT has diversified its offerings, managing a wide range of investments both in Poland and abroad, from residential buildings and hotels to commercial and industrial projects, as well as special ventures like stadiums and wind farms.

“With our current dynamic growth rate of 20% per year, we aim to create a balanced revenue structure where large industrial projects will account for 50%, with the remaining share coming from the broader property market,” said Krzysztof Trembowski, Senior Project Director at cmT. “Audits and due diligence have become increasingly important, now representing 15% of our revenue. In addition, redevelopment and refurbishment of office and retail buildings are areas where we have extensive experience and expect to see more growth. We are also keen to take on new projects, including those in the defense sector.”

The demand for audits has surged, with the number of inquiries in the first half of 2024 surpassing the total for all of 2023. This signals a notable recovery in the investment and transaction markets, according to cmT representatives.

Another promising area for the company is the residential sector. While it has not been a major source of revenue in the past, cmT has completed several high-profile projects, including a luxury apartment complex in Mallorca. “Although our main focus has been retail, hotel, and office projects, we see significant potential in the residential market, particularly with mixed-use developments,” said Christopher Sieminski, International Business Development Manager at cmT.

With 20 years of experience, cmT’s long-term strategy is to solidify its position as a leader in engineering services for the real estate industry. “We have built an excellent reputation for delivering high-quality, safe real estate projects,” said Trembowski.

Recently, cmT announced its involvement in overseeing the construction of a 14,000-square-meter high-tech production facility for white goods manufacturer E.G.O. Poland. The project, which involves collaboration with developer Panattoni and general contractor Depenbrock, underscores cmT’s commitment to effective project management, including scheduling, documentation, and cost control.

Photo: Krzysztof Trembowski, Christopher Siemienski and Bernard Schiphorst