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Mevaco, led by CEO Spyros Delendas, is approaching a market valuation of €100 million, up from €8 million in 2015. The company has seen net profits rise from negative levels in 2018 and 2020 to €3.1 million in 2022, with projections of €5.0 million in 2024 and €7.4 million in the first half of 2025.

Mevaco focuses on manufacturing metal bases for photovoltaic panels, which are key exports, using 14 production lines in Aspropyrgos. Delendas has also diversified into the defense sector, signing contracts with Intracom Defence and Naval, and participating in the Ellinikon project. The stock has surged by +445% in five years, raising speculation about potential takeover interest.