AS Merko Ehitus

AS Merko Ehitus is an Estonian construction and real estate development group headquartered in Tallinn, Estonia. The company's core mission is to create a better living environment and build the future. It operates primarily in the Baltic countries of Estonia, Latvia, and Lithuania, having exited the Norwegian market in 2024.

Merko offers a comprehensive range of services, including general construction, infrastructure construction, road construction, and concrete works. The group is also a significant player in real estate development, focusing on residential and commercial properties, managing the entire process from planning and design to construction, sales, and warranty services. Additionally, Merko is involved in mineral resources, encompassing the extraction of construction aggregates and the production and sale of construction fill materials.

As the largest listed construction company and residential real estate developer in the Baltics, Merko Ehitus maintains a strong market position. The company is consistently recognized as Estonia's most competitive construction company and a leading, trustworthy real estate developer. In 2025, Merko Ehitus reported a revenue of EUR 311 million and a net profit of EUR 39.9 million. Recent notable projects completed in 2025 include the Arter Quarter in Tallinn and the Pabradė defence campus in Lithuania. The company's management board includes Chairman Ivo Volkov, Tõnu Toomik, and Urmas Somelar, with Toomas Annus serving as Chairman of the Supervisory Board.