About company

In the 1950s, the company operated in south-east Poland. Its dynamic development was a consequence of a significant demand for construction and assembly services. The company had over seven thousand employees and delivered more and more organizationally and technologically advanced projects. It was then that RESBUD established its unquestioned position of the construction industry leader in south-east Poland.

At the end of the 1960s, the company continued investment projects on the Polish market and, at the same time, started its expansion abroad. RESBUD’s engineers and employees worked in several European countries, including the Federal Republic of Germany, the German Democratic Republic, Czechoslovakia, Hungary, Belgium, and also on other continents, e.g. Africa, where it delivered a contract in Libya.

In the 1980s and in the first half of the 1990s, over 1,100 people were involved in overseas projects, that is a third of RESBUD’s employees. The revenues from overseas construction contracts accounted for nearly 30% of the company’s total sales value. At that time, the company delivered over 50 construction projects.

At the beginning of the 1990s, the company launched an in-depth restructuring process of its business operations in order to adjust the production organization and structure to new market conditions. Following the privatization process launched in 1994, RESBUD was transformed into a joint stock company, operating under the Commercial Companies Code. The majority stake was taken over by Second National Investment Fund (II NFI S.A.). The first listing of RESBUD’s shares on the regulated public OTC market at CeTO (Central Table of Offers) in 1998 marked another milestone in the company history. RESBUD S.A. was the first public company listed on that market in Poland.

After 10 years of its presence on the regulated public OTC market, on 27 September 2007 RESBUD announced its debut on the Warsaw Stock Exchange. At that time the company specialized in comprehensive housing, industrial, infrastructural and public building construction, in particular sports halls, swimming pools, shopping and logistic centers. RESBUD was a general contractor of numerous, recognized by industry experts construction projects all over the country. Long experience and many projects delivered over the years have earned RESBUD a reputation of being a reliable and trustworthy first-choice partner

In 2019, following a change of the majority shareholder, RESBUD changed its business model and strategy. The company launched the process of transforming into a modern, dynamically growing holding company, operating in various segments of the construction and civil engineering markets, and dealing also with manufacturing, logistics and delivery of materials for the construction and energy sector.

In 2021, RESBUD SE finalized the acquisition of 100% shares in Uniwersim Sp. z o.o., Conpol Sp. z o.o. and Energokomplekt OOO (87.8% directly and 12.2% indirectly), thanks to the private subscription of over 218 million new RESBUD SE shares in December 2020.

In 2022, the registered office of RESBUD and the seat of the Company’s management board were moved from Tallinn in the Republic of Estonia to the territory of the Republic of Poland. The company’s new headquarters is located in Modlniczka near Kraków.

In September 2023. RESBUD SE and its subsidiary Conpol  acquired respectively Grid Solutions LLC and United Grid Solutions LLC,  holding a controlling stake in Elektrqishloqqurilish JSC, one of the leading contractors of power grid facilities in Central Asia. In settlement, shares in the subsidiary Energokomplekt OOO were transferred to the seller.