Salini Impregilo

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Salini Impregilo S.p.A.
Società per azioni
Traded as BITSAL
Industry Construction, civil engineering
Founded 2014 - 1959 (as Impregilo)
Headquarters Milan, Italy
Key people
Products Infrastructure and industrial plant construction and engineering; motorway operating concessions
Revenue €6.5 billion (2017)[1]
€457 million (2017)[1]
€117.4 million (2017)[1]
Number of employees
35,000 (2016)
Website salini-impregilo.com

Salini Impregilo S.p.A. (Italian pronunciation: [saˈlini impreˈd͡ʒiːlo]) is an Italian industrial group specialised in the construction and civil engineering business headquartered in Milan. The company was formally founded in 2014 as the result of the merger by incorporation of Salini into Impregilo. Salini Impregilo is the largest Italian engineering and general contractor group and a global player in the construction sector.

The Group is active in over 50 countries of 5 continents (Africa, America, Asia, Europe, Oceania) with 35,000 employees. Its experience ranges from the construction of dams, hydroelectric plants and hydraulic structures, water infrastructures and ports, to roads, motorways, railways, metro systems and underground works, to airports, hospitals and public and industrial buildings, to civil engineering for waste-to-energy plants and environmental protection initiatives. It takes first place in the water sector of the Engineering News-Record rankings, the benchmark for the entire construction industry.[2]

Salini Impregilo is listed on the Milan Stock Exchange. It is directed by Pietro Salini.

History[edit]

The company was founded as Impregilo in 1959 and expanded following a merger with Cogefar-Impresit S.p.A., Girola S.p.A. and Lodigiani S.p.A. in 1990.[3]

In 2011 Salini, privately held, began its acquisition of Impregilo with an initial purchase of shares, reaching 25% the following year. The acquisition set a precedent in Italy because it was the first proxy fight for control of a company to occur in the country. Despite the opposition it faced from a group of investors, Salini managed to convince enough shareholders at an assembly in July 2012 to approve its proposal to replace Impregilo’s board of directors with its own list of candidates. Once in place, these new members of the board approved Salini’s offer to buy the rest of Impregilo. Pietro Salini became chief executive. A few months later, the board approved Salini’s plan.[4]

In 2013, Salini launched a tender offer to buy the remaining ordinary shares in Impregilo. In January 2014 the transaction was completed forming Salini Impregilo.[5]

Operations[edit]

Salini Impregilo undertakes the following types of works: dams, hydroelectric power plants, railways, tunnels, undergrounds, bridges, viaducts, highways, roads, ports, airports and prestigious residential and office complexes.[6] The Group operates in more than 50 countries on 5 continents and has 35,000 employees. It is organised into four business areas: Dams, hydroelectric plants and hydraulic works; Motorways and airports; Railways and undergrounds; Civil and industrial buildings.[7]

With more than a century of engineering experience among the two founding companies of Salini Impregilo, the group’s track record includes 257 dams and hydroelectric plants; 6,830 kilometres (4,240 miles) of railway lines; 1,450 kilometres (900 miles) of underground works, 400 of which subway lines; 51,660 kilometres (32,100 miles) of roads and highways; and 350 bridges and viaducts.[8]

Major projects[edit]

Projects in which Salini Impregilo has been involved include buildings, public utilities, motorways, underground works, airports, water supply systems, waste disposals, hospitals and land development. Some major examples include:

Salini Impregilo is also working on the Gotthard Base Tunnel. The Group is also leading a consortium for Red Line North, a part of the Doha Metro project in Qatar, which is expected to be completed in 2019.[30]

See also[edit]

References[edit]

  1. ^ a b c "Annual Results 2017". Salini Impregilo S.p.A. Retrieved 15 March 2018. 
  2. ^ "ENR Classification – Water Sector: The Salini Impregilo Group takes first place". 
  3. ^ Rickard, Carmel (4 September 2006). "Water project trial targets Italian giant". Business Day. Retrieved 14 July 2013. 
  4. ^ "Italian Investors Feud Over Biggest Builder Impregilo". Bloomberg. 12 July 2012. Retrieved 10 August 2016. 
  5. ^ Flak, Agnieszka (12 September 2013). "Impregilo shareholders approve merger with Salini". Reuters. Retrieved 1 March 2014. 
  6. ^ Projects: works Salini Impregilo
  7. ^ Projects: expertise Salini Impregilo
  8. ^ Track Record Salini Impregilo
  9. ^ Spurwing facts Archived 2009-11-05 at the Wayback Machine.
  10. ^ Ilisu Dam campaign
  11. ^ VRA honours Italy contractors of Akosombo Kpong dams
  12. ^ Abu Simbel Archived 2010-01-02 at the Wayback Machine.
  13. ^ Lavori marittimi nella Baia di Fontvieille Archived 2013-10-29 at the Wayback Machine.
  14. ^ Ilisu
  15. ^ Fréjus, Tir trains: falls on the last alibi for the Turin-Lyon
  16. ^ Ferrovia transgabonese Archived 2013-10-29 at the Wayback Machine.
  17. ^ Ponte Posadas - encarnacion sul fiume Paranà
  18. ^ A much discussed chamber
  19. ^ Corner House
  20. ^ "Brazil, Serro do Mar - br/18 - Highway". Tunnelbuilder Ltd. Retrieved 23 September 2015. 
  21. ^ Riaa Law
  22. ^ Nathpa Jhakri Hydroelectric Power Project
  23. ^ Grand Mosque Abu Dhabi Archived 2010-03-06 at the Wayback Machine.
  24. ^ Financing agreed for Jebel Ali L Power Plant
  25. ^ Karahnjukar website - Impregilo Archived 2005-06-22 at the National and University Library of Iceland
  26. ^ Italians set national rail speed record in tunnel
  27. ^ "Alfred McAlpine JV wins £125m hospital contract". Building. 19 December 2005. Retrieved 30 April 2018. 
  28. ^ "Salini Impregilo CEO outlines solutions to Panama Canal dispute". Reuters. 8 January 2014. Retrieved 3 March 2018. 
  29. ^ "Italians Picked for Rogun Dam Contract". Eurasianet. 1 July 2016. Retrieved 3 March 2018. 
  30. ^ "Italian-led group wins $2bn contract to build north Doha Metro line". Doha News. 19 May 2013. Retrieved 13 June 2015. 

External links[edit]