Mare Group

What Mare Group does

Mare Group S.p.A. is an Italian high-technology engineering company founded in 2001 and listed on Euronext Growth Milan since 2024, headquartered in Pomigliano d'Arco with 500+ employees across 25 office locations in Italy, Brazil, Czech Republic, Slovakia, and Albania. The company designs, develops, produces, and qualifies complex systems and components for aerospace & defense, industry & transportation, and infrastructure & building, integrating proprietary digital platforms with engineering services.

Core technology offerings include DELFI.AI (an AI platform for SMEs powered by proprietary Eureso technology for autonomous innovation analysis), SYPLA SMART AXLE BOX (SAX, a predictive maintenance system for railway infrastructure combining triaxial acceleration, gyroscopy, acoustic detection, and wireless data transmission), Sypla Energy (an AI/Digital Twin platform for energy efficiency), EMM Systems (digital platforms and AI/IoT for pharmaceutical industrial processes), and engineering contributions to Leonardo's NGCTR-TD tiltrotor and Clean Aviation programs.

The business model combines professional services revenue (project-based engineering, testing, and validation contracts) with subscription/recurring revenue from proprietary digital platforms. GTM is enterprise field sales targeting large industrial clients, with 2025 pro forma revenue of €85M (+109% YoY) and 2026 guidance of €95-100M. Growth is fueled by aggressive M&A under the Mare Wave industrial plan, having completed seven acquisitions since 2024, including La SIA (70.6% via EGM's first-ever OPAS tender offer), Rack Peruzzi (Golden Power-cleared), Powerflex, EMM Systems, and Workgroup, alongside EU-funded R&D programs (CRYOSTAR, BORGO 4.0, SINERGIA) and partnerships with UST Italia/NIDO and AIAD.

Name

Mare Group

Legal name

Mare Group S.p.A.

Website

https://maregroup.it

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

251–500 employees

Short description

Mare Group is an Italian high-technology engineering company serving aerospace & defense, railway, and industrial clients with integrated engineering services and proprietary AI/IoT platforms including DELFI.AI and SAX predictive maintenance. Publicly listed on Euronext Growth Milan since 2024, the company reported €85M 2025 revenue across 5 countries.

Ownership category

akta.pro rank

Product category

High-Technology Engineering Services

NAICS

Engineering Services (541330), Computer Systems Design Services (541512), Custom Computer Programming Services (541511)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Enterprise Architecture & IT Operating Model (BPAHAEAB)

akta.pro secondary industries

AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs) (HDAEANAJ), LLMOps & Generative AI Platforms (Prompt/Agent Orchestration, RAG) (HDAEANAD)

Keywords

• High-technology engineering services
• Aerospace defense engineering
• Predictive maintenance systems
• Digital twin platforms
• Industrial AI solutions

Headquarters

HQ city

Pomigliano D'arco

HQ country

Italy

HQ region

Europe

Offices25 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Engineering Services: High-technology engineering services including design, development, production and qualification of complex systems and components for aerospace, defense, transportation, and critical infrastructure sectors
2. Digital Platforms and Software: Proprietary platforms including DELFI.AI, SAX diagnostic systems, and other AI/XR/IoT solutions sold to industrial customers
3. Testing and Validation Services: Verification, validation and quality control services for components, systems and processes in high-complexity environments with focus on safety, reliability and performance

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Mare Group designs, develops, produces and qualifies complex systems and components for high-complexity industrial sectors (aerospace and defense, industry and transportation, infrastructure and building). The company combines engineering services with proprietary digital platforms — including DELFI.AI, SAX predictive maintenance, Sypla Energy, and EMM Systems — integrating AI, XR, Digital Twin, IoT, and Big Data to deliver manufacturing engineering, testing, predictive maintenance, and digital transformation solutions to enterprise clients.

Product overview

Mare Group is an Italian High-Technology Engineering company operating since 2001 in Aerospace & Defense, Industry & Transportation, Infrastructure & Building sectors. The company offers an integrated platform combining proprietary technologies with engineering services. Core products include SAX (predictive railway maintenance), DELFI.AI (AI platform for SMEs), and EMM Systems (digital platforms for pharma). The company also operates cultural heritage projects including PAS (underwater archaeology with XR/AI) and provides engineering services for aerospace programs like Leonardo's tiltrotor. Acquired brands include La SIA (70.6%), Powerflex, Rack Peruzzi, and Workgroup (55%), expanding capabilities in testing, aerospace defense, and digital systems.

Differentiator

Problem solved

Functional benefit

Brands

• SYPLA SMART AXLE BOX (SAX): Innovative system for predictive maintenance diagnostics in railway infrastructure, measuring triaxial acceleration, gyroscopy, inclination, temperature, acoustic detection, and GPS localization
• DELFI.AI
• PAS - Paesaggi Archeologici Sommersi della Campania
• ArcheoSurf
• ArcheoBoa

Products and services

• SAX - SYPLA SMART AXLE BOX Standalone railway diagnostic and predictive maintenance system that monitors vehicle dynamics in real time, detecting anomalies in wheels, dampers, wheel-rail interaction, and track conditions through triaxial acceleration, gyroscopy, inclinometry, axle temperature, acoustic detection, and GPS/INS/IMU localization, with wireless data transmission via Wi-Fi, GSM and 5G. Designed for railway operators and infrastructure managers.
• DELFI.AI AI-powered SaaS platform for small and medium enterprises that uses company VAT numbers to autonomously analyze innovation levels, competitive landscape positioning, and improvement potential. Targeted at SMEs seeking low-friction access to next-generation AI for benchmarking and digital innovation.
• Sypla Energy Energy efficiency monitoring platform extended with AI and Digital Twin capabilities for intelligent monitoring of energy systems in industrial and infrastructure environments.
• EMM Systems Digital Platforms Digital platforms and systems for industrial process digitalization, with particular focus on pharmaceutical sector applications including AI and IoT for digital supply chain management, traceability, and compliance. Sold to industrial and pharmaceutical enterprise clients.
• Aerospace & Defense Engineering Services High-technology engineering services for aerospace and defense covering design, simulation, production, qualification, testing, XR training, AI-based predictive maintenance, anti-vibration systems, and shielded racks for aircraft, helicopters, naval, avionics and defense applications. Served to primes such as Leonardo Helicopters.
• Industry & Transportation Engineering Services Manufacturing engineering, industrialization, automation, supply chain management, and predictive maintenance services for transportation, mobility, automotive and industrial production. Delivered to enterprise clients such as Trenitalia, Iveco, Comau, Firema, EAV and Hitachi.
• Infrastructure & Building Engineering Services Architectural, structural and plant engineering services for mission-critical infrastructure, sustainable data centers, renewable energy, and civil construction, integrating BIM-based digital design with traditional engineering competencies. Scaled by the La SIA acquisition bringing mission-critical infrastructure and civil defense expertise.
• Testing and Validation Services Verification, validation and quality control services for components, systems and processes in high-complexity environments, with methodologies oriented to safety, reliability and performance. Capabilities strengthened by the Powerflex acquisition (testing of mechatronic systems for defense, aerospace, and railway).

Quantifiable outcome

• 2025 revenues of €85M (+109% YoY)
• +3 more outcomes

Named customers19 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability13 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• NIDO / UST ItaliacoreStrategic or Co-development Partner · 9 June 2026Investment in NIDO, an Italian startup developing Physical AI and autonomous drones. Strengthens dual-use autonomous systems vertical in continuity with existing drone monitoring partnership.
• EMM Systems / EasyGocoreStrategic or Co-development Partner · 4 March 2026Acquisition of remaining 49% of EasyGo (vehicle established with Borgosesia) to complete 100% ownership of EMM Systems. EMM develops digital platforms and AI/IoT systems for pharmaceutical sector. Key figures: €17.7M production value, €2.2M EBITDA.
• Leonardo HelicopterscoreStrategic or Co-development Partner · 2 March 2026Mare Group participates in Leonardo's NGCTR-TD (Next Generation Civil Tilt-Rotor) program since 2016 through four European consortia with €33M budget. Engineering contributions include rotor blade, moving surfaces, fuel storage, engine deck and flight controls. Program achieved First Flight milestone on February 25, 2026.
• CRYOSTAR Consortium PartnerscoreStrategic or Co-development Partner · 3 June 2025European Commission-funded research project for hydrogen tank design in aerospace. Partners include: Luigi Vanvitelli University of Campania, Aero Sekur SpA, Airizon Srl, Dream Innovation Srl, Novotech Aerospace Advanced Technology Srl (Italy); Cranfield University (UK); IBK-Innovation GmbH (Germany); ILOT (Poland); Sintef Energi AS (Norway); TU Delft, NLR, Fokker Next Gen NV (Netherlands). Total project value €5M+.
• Sidereus Space DynamicsminorStrategic or Co-development Partner · 1 October 2024Memorandum of Understanding to explore strategic collaboration in defense, aerospace, and industrial sectors. Nature and scope of potential collaboration not yet defined.
• Powerflex S.r.l.coreStrategic or Co-development Partner · 23 July 2024Acquisition of 100% of Powerflex for €1.15M (90% via Mare Group shares at €4 with 36-month lock-up). Powerflex specializes in testing mechatronic systems for defense, aerospace, and railway sectors.
• UST ItaliacoreStrategic or Co-development Partner · 8 July 2024Strategic agreement combining Mare Group's XR and AI technologies with UST Italia's NIDO drone system for applications in civil, defense, and agri-food sectors. Mare Group acquired 4% stake in UST Italia through capital subscription.
• PAS Project ConsortiumcoreStrategic or Co-development PartnerPAS - Underwater Archaeological Landscapes of Campania project funded under PNRR. Consortium includes University of Campania 'Luigi Vanvitelli', INNOVA, University of Salerno, with Ministry of Enterprises and Made in Italy as funding body.
• AIADminorStrategic or Co-development PartnerMare Group formalized membership in AIAD, the Federation of Confindustria bringing together Italian high-tech companies in defense, aerospace and security sectors.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Almaviva S.p.A. Italian IT services and digital transformation group serving public administration, transport, and industrial clients; a named Mare Group customer/partnership reference but also a competitor for digital engineering contracts in Italy.
• TXT e-solutions: Italian software and digital engineering company listed on Euronext Growth Milan with a similar mid-cap profile to Mare Group; serves aerospace, automotive, and industrial clients with software-intensive engineering services, making it the closest direct peer on the Italian EGM stage.
• Alten S.A. French European leader in engineering and technology consulting serving aerospace, defense, railway, automotive, and industrial clients; comparable business model of multi-sector engineering services with embedded digital and R&D capabilities.
• RINA S.p.A. Italian-headquartered multinational providing engineering, certification, and testing services across infrastructure, energy, transport, and marine; overlapping with Mare Group's engineering services and qualification capabilities in Italy and internationally.
• Lutech Group: Italian mid-market digital services and system integration provider serving enterprise and industrial customers; overlaps with Mare Group's digital transformation, ERP, and AI/IoT delivery capabilities.
• Reply S.p.A. Italian-listed digital consulting and systems integration firm serving industrial, telco, financial, and automotive clients with proprietary platforms and AI solutions; operates in adjacent markets with a similar model of pairing consulting services with proprietary technology.
• DBA Group S.p.A. Italian engineering services firm focused on infrastructure, transport, and energy; Mare Group holds a 10.3% strategic stake, confirming direct comparability in business model, customer segments, and Italian market positioning.
• Indra Sistemas S.A. Spanish IT and engineering services company with deep exposure to defense, transport, and aerospace programs across Europe; comparable to Mare Group in sector mix and project-driven engineering consulting model.

Broad incumbents

• Capgemini Engineering (formerly Altran): Global engineering R&D and digital services arm of Capgemini, operating at vastly larger scale in the same aerospace, automotive, industrial, and railway verticals; competes for the same large multi-year engineering programs.
• Akkodis (ex-AKKA Technologies): European engineering services and digital consulting firm (part of Adecco Group) covering automotive, aerospace, defense, rail, and industrial customers; relevant at a larger scale for benchmarking Mare Group's engineering services positioning.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/mare_group
• Facebookfacebook.com/maregroupit
• LinkedInlinkedin.com/company/maregroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries9 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mare Group