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History

  • 2017

    • SIA Merks received two awards at Latvian competition Building of the Year 2016. International private school „Exupéry International School” in Piņķi received Grand Prix in the category of New Public Building and Mormon Church Centre (The Church of Jesus Christ of Latter-day Saints) received 2nd place in the same category.
    • At Baltic Market Awards 2016 competition, organised by NASDAQ OMX Baltic stock exchanges, AS Merko Ehitus receives third place in the categories “The Best Investor Relations in the Baltic market” and „The Best Annual and Corporate Governance Report“. The goal of the competition was to raise the general level of investor relations among listed companies by recognizing the ones that stood out during the year with first-class investor relations.
  • 2016

    • In the Builder of the Year 2016 competition organized by the Estonian Association of Construction Entrepreneurs (EACE), AS Merko Ehitus Eesti project director Tarmo Pohlak is named the winner for his successful management of the construction works on the Hilton Tallinn Park Hotel. Besides the complexity of the site and the high quality of the work, the jury praises him for the impeccable teamwork and work ethic.
    • AS Merko Ehitus recognized as 2016’s most competitive construction company in Estonia. It is the 10th time Merko has claimed the honour.
    • In June was opening of the outstanding 13-storey hotel and entertainment complex Hilton Tallinn Park Hotell, operated by Hilton Worldwide. The hotel has a total 202 rooms, including 27 suites with modern furnishings. On the top floor is a business class lounge. The hotel has a conference hall with 10 top of the line meeting rooms, one of Tallinn’s biggest banquet halls, a spa with an indoor pool, and a restaurant with a bar and terrace. The flagship branch of Olympic Casino is on the ground floor.
    • Liepāja Concert Hall, opened in November 2015, has received the Popular Choice Award in the prestigious architectural competition Architizer A+ Awards in the hall/theatre category. The architect of the building is Volker Giencke and the main contractor SIA Merks, part of Merko Ehitus group. The concert hall is the new home of Liepāja Symphony Orchestra and with 1024 seats, it is the largest concert hall in the Baltic.
    • In the Civil Engineer of the Year 2015 competition organized by the Estonian Association of Civil Engineers, AS Merko Ehitus Eesti project manager Roland Vaikmäe is declared the winner. The project that brought him the honour was successfully leading, in his capacity as a civil engineer, the construction work on the large-scale and complicated water treatment plant in the city of Narva. The competition aims to put value on the profession of civil engineers and recognize engineers in the construction sector for outstanding achievements in their field.
    • At the Road Administration’s annual conference, Tallinna Teede AS wins the award for “Best asphalt pavement installer 2015”. The adjudication considered adherence to deadlines, quality achieved, communication with customers and accurate and complete filing of documents.
    • Merko Investments AS, part of AS Merko Ehitus group, signs contracts with Norwegian companies SDV Holding AS and Aucon AS to acquire 56% stake in Norwegian construction company Peritus Entreprenør AS. The aim of the acquisition is to start offering construction services on Norwegian market.
  • 2015

    • At Baltic Market Awards 2015 competition, organised by NASDAQ OMX Baltic stock exchanges, AS Merko Ehitus receives third place in the category “The Best Investor Relations in the Baltic market” and second place in the category „The Best Annual and Corporate Governance Report“. The goal of the competition was to raise the general level of investor relations among listed companies by recognizing the ones that stood out during the year with first-class investor relations.
    • In the Competitiveness Rankings compiled by the Chamber of Commerce and Industry and the Estonian Employers’ Confederation, AS Merko Ehitus won the title of the most competitive large company and for yet another consecutive year was named the most competitive construction company in Estonia.
    • The Estonian Concrete Association has picked the Tondiraba Ice Arena as its building of the year for 2014. The judges’ panel said it was an architecturally simple and attractive as well as technically complicated building, built in smooth and constructive cooperation, and that the ice arena stands out in terms of making multifaceted use of concrete.
    • The five-year-long operation to close the Kohtla-Järve industrial waste and semi-coke dump in north-eastern Estonia was completed. In its course, a hill of mine waste amounting to 6 million m³ was relocated, 84 hectares are replanted, a rainwater collection system more than 8 km long is installed, and 2.5 hectare lakes containing liquid oil shale mining residues are closed. The works, undertaken on a very steep slope, were rendered even more complicated by smouldering fires discovered in early 2013, which were buried by a 5 metre layer of soil.
    • Eesti Energia’s 300 MW Eesti Power Plant was completed. In this project, Merko served as a subcontractor for the French Alstom consortium and performed general construction on 22 buildings. By Estonian standards, this was a very large and international construction project, as companies from close to 20 different European countries were involved in the work and the maximum number of employees approached 1,400 at peak periods.
    • In Liepāja (Latvia), the Liepājas Dzintars multipurpose centre was finished. Boasting unique architecture, the facility is the new home of the Liepāja Symphony Orchestra. In addition, the Polipaks production unit was completed. It consists of three workshops, a warehouse and office spaces. Construction was performed on a 67,000 m² area.
    • AS Merko Ehitus and BLRT Grupp AS founded a joint venture to establish four apartment buildings with commercial space next to the Noblessner Marina directly on the waterfront in the Noblessner Quarter, a Tallinn neighbourhood with a distinguished history. Arhitektuuribüroo Pluss (Architectural Design Office Pluss) is picked as architect of the Noblessner residential district; the winning entry at the international invitational competition was called “Kodusadam” (Home Port).
    • With the aim to offer its clients a more comprehensive and high-quality service and to improve the efficiency of cooperation between the parties, Merko has introduced model designing. This modern solution allows us to create a better image of the existing building and its volume, to check for discrepancies in design solutions, calculate the construction volumes of the design project and generate visual 3D views of the design. In addition, building simulations allow us to better assess the future energy needs and management costs as well as user friendliness of the designed building.
    • Merko’s visual identity got a makeover to coincide with the company’s 25th anniversary. The logo was modernized to reflect that the company is now more than a construction company but caters to the needs of end customers through real estate development and apartment sales. The new logo is friendlier, with smoother outlines, and more harmonious. As a whole, the logotype is more powerful and better integrated with the visual identity of the trademark.
  • 2014

    • In the Competitiveness Rankings compiled by the Chamber of Commerce and Industry and the Estonian Employers’ Confederation, AS Merko Ehitus Eesti wins the award of most competitive construction company and the Tallinna Teede AS, a road building company that is part of the Merko group, was awarded the title of most competitive small and medium-sized enterprise.
    • The world’s leading business and investment magazine, Euromoney, acknowledges that AS Merko Ehitus is the best real estate developer in Estonia. Merko triumphes in all five categories, including overall, residential, industrial and leisure.
    • Merko completes the construction of Tondiraba Ice Arena in 14 months. The multifunctional ice arena consists of a main arena with 5,840 seats, two practice rinks and a curling rink. It’s also a complicated structure, full of special solutions, from the 4,500 reinforced concrete elements, 2,000 square metre seamless concrete floor to the imposing 62-metre span wooden girders. Estonian Association of Construction Entrepreneurs awards Ahto Aruväli, the Project Manager of AS Merko Ehitus Eesti with the Builder of the Year 2014 award for the construction of Tondiraba Ice Arena.
    • AS Merko Ehitus Eesti joins the official list of recognized construction companies, which was established to make it easier for construction companies to take part in public procurements and to profile honest, recognized construction companies in the private sector. In the words of the Estonian Association of Construction Entrepreneurs, being included on the list certifies to contracting entities that a given construction company is capable of meeting the terms and conditions set forth in the Public Procurements Act.
    • At Baltic Market Awards 2013 competition, organised by NASDAQ OMX Baltic stock exchanges, AS Merko Ehitus receives third place in the category “Most Visible Improvement over the Year” at raising quality of investor relations.The goal of the competition was to raise the general level of investor relations among listed companies by recognizing the ones that stood out during the year with first-class investor relations.
    • Each year, Estonia’s best financial director is selected at the BIG4 finance conference. From several dozen candidates, the jury selected five nominees. 2014’s candidates included AS Merko Ehitus Group CFO Signe Kukin. The jury credited Signe Kukin with a significant role in raising the quality of reporting of the consolidated group operating in Estonia, Latvia and Lithuania, resulting in a more substantive and efficient process of reporting to the management board and external consumers. Signe Kukin has also contributed in improving the Merko Ehitus group’s structure and increasing the efficiency of internal controls.
    • The winner of the 2013 Civil Engineer of the Year competition, organised by the Estonian Association of Civil Engineers, is Tiit Joosti, Project Director at AS Merko Ehitus Eesti. Tiit Joosti is awarded thanks to his successful management of the construction work at the Ülemiste crossing. The aim of the competition is to demonstrate the value of the profession of civil engineer and to recognise engineers in the construction sector for their outstanding professional achievements.
  • 2013

    • SIA Merks starts providing electrical engineering service in Latvia.
    • The Ülemiste traffic junction completed in October 2013 wins recognition as the Concrete Structure of the Year 2013 from the Estonian Concrete Association.
    • The Corporate Band 2013 competition is won by the Merko Ehitus Eesti house band “Ma Sulle Ehitan” (I’ll Build for You).
    • The Iru waste-to-energy unit is completed in cooperation with an international waste incineration plant expert, the French company Constructions Industrielles de la Méditerranée (CNIM).
    • AS Merko Ehitus wins the title of the Most Competitive Company in the area of construction.
    • Installation of the land part of the Estlink 2 cable.
    • Construction of Aruküla substation is completed, being delivered as a turnkey project.
  • 2012

    • AS Merko Ehitus becomes a holding company primarily aimed at developing and implementing strategies for the Group companies, above all through the longer-term planning of resources. Production activity becomes consolidated at the subsidiaries: in Estonia, AS Merko Ehitus Eesti; in Latvia, SIA Merks; and in Lithuania, UAB Merko Statyba.
    • AS Merko Ehitus wins the title of Estonia’s Most Competitive Company in the area of construction.
    • The international financial magazine Euromoney names Merko as Estonia’s best real estate developer for 2012.
  • 2011

    • Historical Pärnu moat is developed into an appealing recreational area that wins the award for s best public infrastructure of the year.
    • Balsiai school building is completed in Vilnius, winning one of the gold medals at a competition held by the Lithuanian Confederation of Industrialists – Lithuanian Product of the Year 2011.
    • AS Merko Infra now includes an electrical work department, which handles engineering, configuration and construction of medium- and high-voltage substation and lines.
  • 2010

    • Ämari Air Base facilities are completed; Tiit Joosti, who was in charge of the construction work, is recognized with the title of Civil Engineer of the Year 2010.
    • AS Merko Ehitus wins the title of the Most Competitive Company in the area of construction.
  • 2009

    • Solaris Centre (a shopping mall in downtown Tallinn) and the Tallink office building, the Rannu-Jõesuu bridge and Järvevana road’s Suur-Sõjamäe overpass are completed.
    • The Tallink office building receives the grand prize from the Estonian Concrete Association for Concrete Building of the Year 2009. Project manager Tarmo Pohlak receives the title of Civil Engineer of the Year 2009.
    • AS Merko Infra is founded with the purpose of concentrating know-how in the field of infrastructure in a separate company and developing this field of activity in Estonia.
    • AS Merko Ehitus wins the title of the Most Competitive Company in the area of construction.
  • 2008

    • Viru Prison is completed. Over 2,700 people participated in its construction.
    • Merko’s largest project to date is completed in Lithuania – Panorama shopping centre.
    • In Latvia, phase I of the apartment buildings on Skanstes street is completed. A high-quality hotel on Kalnciema street and an office and warehouse complex in Kekava are also finished.
    • In the field of engineering work, renovation of several bridges is completed.
  • 2007

    • Projects completed in this year include Sõpruse Ärimaja business complex, the Tallink SPA & Conference hotel, Nordic Hotel Forum, Tornimäe residential building and extension of Smuuli road and Puurmani traffic junction, the arch bridge for the latter is named Concrete Building of the Year for 2007 by the Estonian Concrete Association.
    • In Latvia, a furniture store opens next to the SPICE shopping centre, a modern office complex rises at the intersection of Duntes/Upes streets, an apartment complex is developed on Kaivas street, the city of Valmiera gets a new shopping centre and the Krajbanka bank headquarters in the Skanstes quarter.
    • In Lithuania, the Šiauliai shopping centre, the ELINTA industrial building and, as a Merko project, the office and apartment building on Gabijos street, are completed.
    • A long-term cooperation agreement is signed with the Tallinn University of Technology.
    • AS Merko Ehitus wins the title of the Most Competitive Company in the area of construction.
  • 2006

    • The overpass between Veose and Vilja streets in the Port of Muuga wins the special builder’s prize at the Concrete Building of the Year 2006 competition.
    • AS Merko Ehitus wins the title of the Most Competitive Company in the area of construction.
  • 2005

    • The unique Kumu Art Museum building, set into a 24-metre high limestone cliff, is completed. It wins a special prize at the Concrete Building of the Year 2005 competition.
    • Merko launches cooperation with the Art Museum of Estonia.
    • The Muuga Coal Terminal is completed and in Riga the multifunctional recreational centre Riga Arena.
    • AS Merko Ehitus wins the title of the Most Competitive Company in the area of construction.
  • 2004

    • The concept for Estonian Health Tracks is born. The goal of the project is to organize and develop a network of Estonian recreational and sport trails to ensure that the public has year-round, free of charge access to trails and to popularize active lifestyles.
    • Viru Keskus shopping centre and the Tallink City Hotel are completed, as is the headquarters of Hansabanka (now Swedbank) in Riga. The latter wins the International Real Estate Federation FIABCI’s grand prize for commercial and industrial space – the first winner in the Baltic states.
    • Merko establishes an electrical engineering department, which remains among the market leaders to this day.
    • The company’s management system is given certification under international occupational health and safety standard OHSAS 18001.
    • AS Merko Ehitus wins the title of the Most Competitive Company in the area of construction.
  • 2003

    • Merko moves into its new office building, developed and constructed by the company itself, at Järvevana 9G, where Merko is still headquartered today.
  • 2002

    • The expansion of Kristiine shopping centre, Haabersti Citymarket and Norde Centrum, all of them in Tallinn, are completed.
  • 2001

    • The residential construction division is established, focusing on development and sale of residential buildings.
    • A 100% stake is acquired in Tallinna Teede AS; as a result, road repair and project management is added to Merko’s service portfolio.
    • The company is given an international environmental standard ISO 14001 certification.
  • 2000

    • Sikupilli shopping centre and Radisson SAS Hotel are completed in Estonia; in Riga, the Grand Palace Hotel is renovated, the production facilities for Cēsu Alus brewery are built in Latvia and the headquarters for Lietuvos Telekomas are built in Lithuania.
    • The turnover of the company breaks the billion Estonian kroon mark (64 million euros).
  • 1999

    • Merko Ehitus focuses on prime construction contracting and developing project management. The Merko group divests itself of E.L.L Kinnisvara AS.
    • The engineering division is launched. Its areas of activity are ports, waste treatment sites, roads, bridges, water mains and sewerage lines.
    • The company is given the international quality standard ISO 9001 certificate.
  • 1998

    • Merko acquires majority holdings in subsidiaries UAB Merko Statyba (100%) in Lithuania and SIA Merks (100%) in Latvia. Merko becomes the largest construction company in Estonia and the Baltics.
  • 1997

    • An initial public offering is held; Merko becomes listed in the main list of the Tallinn Stock Exchange. Today the company’s shares are listed on Nasdaq Tallinn.
  • 1996

    • The company switches to the new business name AS Merko Ehitus, and the company divests itself of all non construction areas of activity.
    • The state Patent Office registers “merko” and related logo in the state register of trade and service marks.
  • 1995

    • AS EKE Merko becomes one of the biggest construction companies in Estonia. Projects developed include residential construction (an 18-unit apartment building at Kalda 60A and a 35-unit apartment building at Vilmsi 47 in Tallinn), construction of office and commercial space (the Hansabank building at Liivalaia 6/8) and the work on an automotive dealership continues (ELKE Auto Toyota at Forelli 2 in Tallinn). The renovated historical Salt Storage on Ahtri street is completed.
  • 1994

    • The company receives a licence to perform restoration work and begins renovating the historical Salt Storage in the Rotermann Quarter into an architecture and art centre.
    • A residential real estate development is launched – eight-unit apartment buildings are competed at Tungla 15 and Vanemuise 46 in the Nõmme district of Tallinn.
    • The British Embassy building in Riga, Latvia is renovated.
  • 1993

    • In Tallinn, phase 1 of the Amserv Toyota car dealership at Pärnu mnt 232 and AS Matkar VW–Audi dealership at Staadioni 1 are completed, as is a 30-apartment/office building at Gonsiori 31A.
    • Construction is completed in the Russian part of Karelia, with a grade 1-9 school, shopping centre, expansion of the boiler plant and water treatment plants completed in Miinala settlement.
  • 1992

    • Merko acquires a production and repair facility and office building at Tule 21 in Saue. Major construction projects are completed in Russian Karelia – an 18-unit apartment building in Ilyinsky and a hangar at Naistenjärvi.
  • 1991

    • The company is registered in the Harju County registry of companies. The Merko support base is built in Saue. Construction takes place both in Estonia and in the Karelian ASSR in Russia.
  • 1990

    • Foundation meeting for AS EKE Merko is held on 5 November – EKE Merko acquires the assets and
      liabilities of EKE MRK.