Private company
MVM Group
Logo: mvm.hu3
Hungarian energy company
MVM Group (Magyar Villamos Művek Zártkörűen működő Részvénytársaság, literally: Hungarian Electrical Works Private Limited Company) is a Hungarian power company, and has a monopoly in Hungary for the production, distribution and sale of electricity.2 It employed about 10,900 people in 2018.1 Its revenue was €5.4 billion in 2018.1 Wikipedia text CC BY-SA 4.0
Last updated Oct 21, 2026.
Overview
- HeadquartersBudapest District III1
- Websitewww.mvm.hu
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MVM Group (Magyar Villamos Művek Zártkörűen működő Részvénytársaság, literally: Hungarian Electrical Works Private Limited Company) is a Hungarian power company, and has a monopoly in Hungary for the production, distribution and sale of electricity.2
Corporate structure
MVM Group sits at the top of its group. 10 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
- MVM Group Budapest District III
- Central Eastern European Gas Exchange Ltd Subsidiary · Budapest, Hungary
- innogy Energie Subsidiary · Ústí nad Labem, Czechia
- innogy Energo Subsidiary · Praha 10, Czechia
- MAVIR Subsidiary · Budapest, Hungary
- MVM CEEnergy Zrt. Subsidiary · Budapest, Hungary
- MVM Partner Energiakereskedelmi Zártkörűen Müködő Részvénytársaság Subsidiary · Budapest, Hungary
- Vértesi Erőmű Zrt. Subsidiary · Oroszlány, Hungary
- innogy Zákaznické služby Subsidiary · Czechia
- Matra Energy Holding Subsidiary · Hungary
Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
Leadership
Who has led MVM Group, and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerKároly Mátrai Jan 23, 2023 to Jul 7, 20261
Products and brands
MVM EGI provides turnkey solutions and engineering services for cooling applications across a wide range of thermal power technologies. Its portfolio includes:
Heller System – an indirect dry cooling method optimized for high-capacity power plants.
Air-Cooled Condensers (ACC) – modular, direct dry cooling systems suited to various climate zones.
Hybrid Cooling Systems – combining dry and wet cooling for optimal thermal and water performance.
Read the full text
Wet Cooling Towers – designed and manufactured for specific site requirements.
In addition, MVM EGI is the inventor of the Circumix Dense Slurry System, an ash and wastewater management solution that enables the long-term, environmentally safe disposal of fly ash and bottom ash, particularly in coal-fired power plants.
To support its operations and customer base in Asia, MVM EGI maintains two Chinese subsidiaries:
MVM EGI Cooling Systems (China) Co., Ltd.
MVM EGI Heat Exchanger Factory, located in Wuqing
From Wikipedia’s article on MVM Group, shared under CC BY-SA 4.0.4
Subsidiaries and ownership
Owners
- Hungary
Subsidiaries
- Central Eastern European Gas Exchange Ltd
- MAVIR
- MVM CEEnergy Zrt.
- MVM Partner Energiakereskedelmi Zártkörűen Müködő Részvénytársaság
- Matra Energy Holding
- Vértesi Erőmű Zrt.
- innogy Energie
- innogy Zákaznické služby
From Wikidata.1
Acquisitions
- 2020Acquired innogy Energie1
Employees over time
- 201810,8591
Revenue over time
As stated on Wikidata, in the currency reported.
Revenue
- 20185.4B EUR1
Net income
- 201868.1M EUR1
Timeline
Links
- Websitewww.mvm.hu1
- Facebookwww.facebook.com/mvmenergetika1
- WikipediaMVM Group
- More imagesWikimedia Commons
- WikidataQ1162287
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataMVM Group on Wikidata
- 2WikipediaMVM Group on Wikipedia
- 3Company websiteMVM Group logo
- 4
- 5Wikimedia CommonsMVM Group photo by Peterandras21, CC BY-SA 4.0