Maire Tecnimont

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Maire Tecnimont
Joint stock company
Industry Engineering and contracting
Headquarters Rome, Italy
Key people
Fabrizio Di Amato, Chairman,CEO
€ 110.7 million (2009)
Number of employees
4,538 (2009)
Subsidiaries
  • Tecnimont
  • Tecnimont KT
  • Stamicarbon'
  • Met Newen
  • Met Development
Website www.mairetecnimont.it

Maire Tecnimont SpA is the parent company of the Italian group Maire Tecnimont, which consists of at least 50 operating companies in the engineering and main contracting sector. It deals in oil and gas, chemicals and petrochemicals, energy, infrastructure and civil engineering. It is also active in the renewable energy sector, in the provision of project management, engineering, procurement and construction. Maire Tecnimont manages large turnkey engineering, procurement and construction (EPC) projects in different geographical areas. It operates in over 30 countries in four continents. In November 2007 it was listed on the Milan Stock Exchange.

History[edit]

In 2004, Maire Holding acquired the Maire Engineering Company, (former Fiat Engineering). Maire Tecnimont was formed in 2005 by Maire Holding's acquisition of Tecnimont. On 27 November 2007, Maire Tecnimont commenced trading on the Milan Stock Exchange by IPO. On 25 March 2008, the company was admitted to the blue chip market of the Italian stock exchange. On 2 August 2010, the company signed a lease contract for two Garibaldi Towerss in Milan. Both towers have been renovated.

2009 activities[edit]

In 2009, the company's activity was 48% in chemicals and petrochemicals, 32% in energy, 12% in civil engineering and 8% in oil and gas.

The business activities are geographically located:

  • 50% in the Middle East,
  • 16% in the Americas (North, Central and South)
  • 12% in Italy,
  • 8% in other European Union countries,
  • 5% in other European countries,
  • 9% elsewhere.

The chairman and chief executive officer of Maire Tecnimont is Fabrizio Di Amato.

Group structure[edit]

The Maire Tecnimont Group has five distinct areas:

  • Tecnimont: engineering company and main contractor in chemicals, petrochemicals, oil and gas, energy, infrastructure and civil engineering
  • Tecnimont KT: process engineering contractor
  • Stamicarbon: services company acquired from DSM in October 2009, specializing in licensing and intellectual property
  • Met Newen: renewable energy (founded in May 2009)
  • Met Development: corporate services

Shareholders[edit]

  • Fabrizio Di Amato - 63.170%, through Maire Gestioni S.p.A.
  • GL Investimenti S.r.l. - 2.171%
  • GLG Partners LP - 2.227%
  • Oppenheimer Funds Inc. - 3.011%
  • Norges Bank - 2.03%
  • Other retail and institutional investors - 27.385%

Subsidiaries[edit]

  • Sofregaz (France), the company was sold in 2014
  • Met Development (Italy)
  • TPI - Tecnimont Planung und Industrieanlagenbau Gmbh (Germany)
  • TWS SA (Switzerland)
  • Empresa Madrilena de Ingegneria y Costruccion (Spain)
  • Tecnimont Poland (Poland)
  • Tecnimont Arabia Ltd (Saudi Arabia)
  • Tecnimont do Brasil Ltda (Brasil)
  • Tecnimont Russia (Russia)
  • Tecnimont Pvt Ltd (India)
  • Maire Engineering France
  • Sep FOS (50%) (France)
  • Tecnimont S.p.A. - Egypt Branch (Egypt)
  • On 5 March 2010, Maire Tecnimont acquired Sofipart Srl, which owns 76.1% of KTI Management and 75% of Technip KTI SpA, a company specializing in oil and gas engineering in Rome.
  • Stamicarbon (Netherlands)

See also[edit]