Salini Impregilo

Salini Impregilo S.p.A.

Type	Società per azioni
Traded as	BIT: SAL
Industry	Construction, civil engineering
Founded	2014 - 1959 (as Impregilo)
Headquarters	Milan, Italy
Key people	Alberto Giovannini (Chairman) Pietro Salini (CEO)
Products	Infrastructure and industrial plant construction and engineering; motorway operating concessions
Revenue	€4,738.9 million (2015).[1] €4,194 million (2014) €3,262 million (2013) [2]
Operating income	€273 million (2015) €245 million (2014) €210 million (2013) [2]
Profit	€60 million (2015) €94 million (2014) €104 million (2013) [2]
Total equity	1,217 million (2015) €1,186 million (2014) €921 million (2013) [2]
Number of employees	35,000 (2016)
Website	salini-impregilo.com

Salini Impregilo S.p.A. (Italian pronunciation: [salìni impreˈɡìːlo]) 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.^[3]

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

History

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.^[4]

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.^[5]

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.^[6]

Operations

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.^[7] The Group operates in more than 50 countries on 5 continents and has 35,000 employees. It is organised into four businesse areas: Dams, hydroelectric plants and hydraulic works; Motorways and airports; Railways and undergrounds; Civil and industrial buildings.^[8]

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.^[9]

Major projects

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:

• the Kariba Dam, Zimbabwe/Zambia, 1959^[10]
• the Dez Dam, Iran, 1963^[11]
• the Akosombo Dam, Ghana, 1966^[12]
• the Salvage of the Abu Simbel temples, Egypt, 1968^[13]
• the bay of Fontvieille, Monaco, 1973^[14]
• the Tarbela Dam, Pakistan, 1976^[15]
• the Fréjus Road Tunnel, France/Italy, 1980^[16]
• the Trans-Gabon Railway, Gabon, 1982 ^[17]
• the San Roque González de Santa Cruz Bridge, Argentina/Paraguay, 1990 ^[18]
• the New Hemicycle of European Parliament, France, 1997^[19]
• the Lesotho Highlands Water Project, 1998^[20]
• extensions to the Rodovia dos Imigrantes, Brazil, 2002^[21]
• the Ghazi Barotha Dam, Pakistan, 2002^[22]
• the Nathpa Jhakri Hydroelectric Power Project, India, 2003^[23]
• the Sheikh Zayed Mosque, United Arab Emirates, 2003^[24]
• the Desalination plant Jebel Ali l1, United Arab Emirates, 2005^[25]
• the Kárahnjúkar Hydropower Plant, Iceland, 2008^[26]
• the Milan-Turin and Bologna-Florence high speed railways, Italy, 2009^[27]
• the Expansion of the Panama Canal – Third Set of Locks, 2016.

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.^[28]

See also

• List of Italian companies

References

External links

• Official website