Webuild Group

What Webuild Group does

Webuild Group is a publicly traded Italian global infrastructure construction company (Euronext Milan: WBD; formerly Salini Impregilo) with 120+ years of heritage, operating across five continents in 120+ countries with approximately 95,000 workers including 4,000+ engineers. The company specializes in the design, engineering, and construction of large, complex infrastructure organized across four business areas: Sustainable Mobility (high-speed rail, metro systems, bridges, roads, ports), Clean Hydro-Energy (dams and hydroelectric plants, with over 200 dams built globally), Clean Water (treatment plants, desalination, deep tunnels, and the Genoa Breakwater), and Green Buildings (airports, hospitals, stadiums). Notable flagship projects include the Grand Ethiopian Renaissance Dam (5,150 MW, Africa's largest hydroelectric plant), Snowy 2.0 (2,200 MW pumped storage in Australia), the world's longest suspension bridge at the Strait of Messina (€13.5 billion contract), and the New Genoa Breakwater (Europe's deepest at 50 metres).

Webuild generates revenue primarily through large-scale, long-cycle EPC and Design & Build contracts awarded via competitive public tenders with government and institutional clients, with revenue recognition on a percentage-of-completion basis. Approximately €7.5 billion of the €58.4 billion backlog at end-2025 derives from concessions and operation & maintenance, providing recurring service revenue beyond construction. The company operates through wholly-owned subsidiaries including Lane Construction (USA), Clough (Australia, acquired February 2023), Fisia Italimpianti (water), CSC Costruzioni (data centers), Cossi Costruzioni, Seli Overseas (tunneling), and NBI. Projects are typically executed via consortium structures (e.g., Eurolink for Messina, PerGenova for Genoa breakwater, Lane+Brayman for ALCOSAN) to pool capabilities, share risk, and meet complex project requirements. Over 65% of revenue is generated abroad, with 90% of backlog concentrated in low-risk geographies (Italy, Europe, Australia, USA, Saudi Arabia).

The business is anchored by proprietary construction technologies including the Messina Type Deck aerodynamic bridge design, cellular caisson marine construction methods (up to 33m tall, 67m long), the Wet Top Feed seabed consolidation technique, and automated Roboplant segmental lining factories. An ecosystem of 17,500+ suppliers, managed through the Supplier Development Hub digital platform, supports project execution. FY2025 results exceeded all targets of the 2023-2025 business plan, with revenue of €13.6 billion (+15% YoY), EBITDA of €1,164 million (+18%, margin 8.6%), leverage reduced to 2.6x, and 160%+ total shareholder return over the plan period. The company is controlled by Salini Costruttori S.p.A. and maintains dual headquarters in Rome and Milan, Italy.

Name

Webuild Group

Legal name

Webuild S.p.A.

Website

https://webuildgroup.com

Company type

Public

Founded year

1906

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Webuild Group is a publicly traded Italian global infrastructure contractor that designs and builds large, complex projects including high-speed rail, metro systems, hydroelectric dams, water treatment plants, bridges, and tunnels for government clients across 120+ countries, operating via subsidiaries Lane, Clough, Fisia Italimpianti, and CSC.

Ownership category

akta.pro rank

Product category

Heavy Civil Infrastructure Construction

NAICS

Utility System Construction (2371), Engineering Services (541330)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

akta.pro secondary industries

Hydropower EPC & Construction (Civil Works, Electromechanical) (EUACAEAF), Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE)

Keywords

• Large infrastructure construction
• Sustainable mobility solutions
• Hydroelectric dam construction
• Water treatment infrastructure
• Green building construction

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Infrastructure Construction Contracts: Webuild generates the majority of revenues through large-scale infrastructure construction contracts won via competitive tenders with government and institutional clients. These are predominantly project-based, long-cycle engagements covering sustainable mobility (rail, metro, roads, bridges), clean hydro-energy (dams, hydro plants), clean water (treatment plants, desalination), and green buildings (airports, stadiums, hospitals). Revenue recognition follows percentage-of-completion accounting over multi-year project timelines.
2. Concessions and Operations & Maintenance: Approximately €7.5 billion of the €58.4 billion total order backlog at end of 2025 relates to concessions and operation & maintenance contracts, providing recurring service revenue beyond project completion. These include long-term infrastructure management and service contracts.
3. Professional and Engineering Services: Services include engineering design, project management, technical consulting, and construction management provided to clients throughout project lifecycles, often bundled within larger EPC or design-build contracts.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Webuild Group is a global industrial group that designs, engineers, and builds large complex infrastructure assets across four business areas: sustainable mobility (rail, metro, bridges, roads, ports), clean hydro-energy (dams and hydroelectric plants), clean water (treatment plants, desalination, wastewater), and green buildings (airports, hospitals, stadiums). The company executes projects through EPC contracts, design-build, public tenders, and long-term concessions for government and institutional clients in low-risk countries worldwide, with a €58.4 billion order backlog as of December 2025.

Product overview

Webuild Group is a global construction and infrastructure company operating across four main business areas: Sustainable Mobility (railways, metros, bridges, roads, ports), Clean Hydro-Energy (dams and hydroelectric plants), Green Buildings (civil/industrial buildings, airports, stadiums, hospitals), and Clean Water (treatment plants, desalination, wastewater management). The company operates through multiple subsidiaries including Lane Construction (USA), Clough (Australia), Fisia Italimpianti, CSC Costruzioni, Cossi Costruzioni, Seli Overseas, and NBI. Webuild manages major infrastructure projects globally including Naples Metro Line 10, Snowy 2.0 in Australia, the Grand Ethiopian Renaissance Dam, Terzo Valico dei Giovi, Naples-Bari High-Speed Railway, the Strait of Messina Bridge, and the New Genoa Breakwater. The company employs approximately 95,000 people across 50 countries with revenues of €13.6 billion in FY2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Sustainable Mobility
• Clean Hydro-Energy
• Clean Water
• Green Buildings
• Concessions and Operations & Maintenance
• Professional and Engineering Services

Quantifiable outcome

• Revenue of €13.6 billion in FY2025 (+15% vs 2024); CAGR 2022-2025 of 19% vs 10% target
• +6 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

14 partnerships are on record, tiered core, strategic and minor.

• Brayman Construction (Joint Venture partner with Lane)coreStrategic or Co-development Partner · 5 June 2026Lane, a Webuild subsidiary, formed a joint venture with US-based Brayman Construction to secure the $1 billion ALCOSAN deep tunnel contract in Pittsburgh. This follows a pattern of Lane+Brayman joint ventures for major US water infrastructure projects, with a resilient multi-year pipeline of follow-on contracts from two additional planned ALCOSAN tunnels.
• AccionacoreStrategic or Co-development Partner · 26 March 2026Webuild subsidiary Fisia Italimpianti and Spain's Acciona formed a joint venture awarded a €111 million contract by Invitalia to upgrade the East Naples wastewater treatment plant. The project will serve approximately 860,000 residents across 14 municipalities, deploying advanced biological treatment technologies.
• Hyundai Engineering & ConstructionstrategicStrategic or Co-development Partner · 17 March 2026Webuild and Hyundai E&C signed an MoU establishing a strategic partnership for complex infrastructure development targeting port, airport, and defence infrastructure as well as green energy sectors across Asia-Pacific and North America. The collaboration includes provisions for joint ventures structured as PPP, EPC, or Design & Build tailored to specific projects.
• Larsen & Toubro (L&T)strategicChannel Partner/ Reseller/ Distributor · 14 January 2026An international consortium led by Webuild Group (with Larsen & Toubro, NESMA, Alstom, and IDOM) was awarded the Riyadh Metro Red Line extension contract by the Royal Commission for Riyadh City. L&T serves as a key consortium partner alongside Webuild, combining global engineering capabilities for this Saudi Vision 2030 infrastructure project.
• Ferrovie dello Stato (FS Group)strategicStrategic or Co-development Partner · 1 November 2025Italian state railway group and Webuild partner at the Italy-Saudi Arabia Business Forum in Riyadh, securing major contracts tied to Saudi Vision 2030 including NEOM, Riyadh Metro, and rail infrastructure projects. Both companies represent Italian infrastructure excellence in bilateral trade agreements.
• Eurolink S.C.p.A. (Consortium led by Webuild)coreStrategic or Co-development Partner · 6 August 2025Eurolink is the special purpose consortium (società consortile per azioni) that holds the contract for the Ponte sullo Stretto di Messina. Webuild is the leader and majority shareholder. The consortium also includes Japanese company IHI and Spain's Sacyr. The project has an investment value of approximately €13.5 billion. Eurolink signed the construction contract on August 6, 2025, following CIPESS approval.
• Acquario di Genova (Genoa Aquarium)minorStrategic or Co-development Partner · 1 March 2024Since March 2024, the PerGenova Breakwater consortium has collaborated with the Genoa Aquarium to protect the marine ecosystem during construction of the New Genoa Breakwater. Marine organisms are temporarily relocated to aquarium facilities for care and will be returned to the same waters after construction completes, supporting eco-responsible infrastructure practices.
• PerGenova Breakwater ConsortiumcoreStrategic or Co-development Partner · 1 March 2023Consortium led by Webuild Group (through its PerGenova Breakwater vehicle) and including partner companies, executing the New Genoa Breakwater project. Webuild serves as consortium leader in this € billions project, managing all engineering and construction activities for Europe's deepest breakwater.
• 17,500+ Supplier Companies (Global Supply Chain)coreOthersWebuild operates with a supply chain of approximately 17,500 companies globally, supported by the Supplier Development Hub platform. The programme provides innovation support, sustainability services, and collaborative development through conventions, webinars, and innovation days, aiming to strengthen Italy's infrastructure supply chain.
• LeonardostrategicStrategic or Co-development PartnerItalian aerospace and defence company partnering with Webuild at bilateral Italy-Saudi business forums for Saudi Vision 2030 projects, particularly in defence and security infrastructure.
• FincantieristrategicStrategic or Co-development PartnerItalian shipbuilding giant partnering with Webuild in bilateral agreements at the Italy-Saudi Arabia Business Forum, securing infrastructure and maritime projects under Saudi Vision 2030.
• SaipemstrategicStrategic or Co-development PartnerItalian energy and infrastructure engineering company partnering with Webuild at the Italy-Saudi Arabia Business Forum in Riyadh, securing infrastructure contracts tied to Saudi Vision 2030.
• IHI Corporation (Japan)strategicStrategic or Co-development PartnerJapanese company IHI is a member of the Eurolink consortium alongside Webuild (majority) and Spain's Sacyr for the Ponte sullo Stretto di Messina project, contributing Japanese engineering expertise in bridge construction and seismic engineering to this flagship project.
• Sacyr (Spain)strategicStrategic or Co-development PartnerSpanish construction group Sacyr is a member of the Eurolink consortium alongside Webuild (majority) and Japan's IHI for the Ponte sullo Stretto di Messina, bringing additional European engineering capacity to this landmark project.

Scale indicators15 records

Recent moves6 records

Expansion highlights7 records

Regional players

• Implenia AG: Swiss construction services company focused on buildings, civil engineering, and tunnels, with strong presence in Switzerland and Germany. Comparable in tunneling and rail infrastructure sub-segments.

Broad incumbents

• Ferrovial SE: Spanish infrastructure operator and constructor with major toll-road, airport, and construction businesses. Competes with Webuild in transport infrastructure and concessions globally.
• Vinci SA: French construction and concessions major with comparable exposure to transport infrastructure, energy, and water through its contracting and concession arms. Larger and more diversified than Webuild but with overlapping tender pools.

Direct peers

• Acciona SA: Spanish infrastructure and renewable energy group with a substantial construction arm. Direct competitor on water, transport, and consortium-led mega-projects; also an existing JV partner of Webuild.
• Bouygues Construction: French-headquartered construction division of Bouygues Group, active in transport infrastructure, energy, and buildings. Competes with Webuild on European and African mega-projects.
• Strabag SE: Austrian construction group with extensive European civil engineering and transport infrastructure operations. Comparable scale, business mix, and bidder profile in EU tenders.
• Skanska AB: Swedish construction and project development company operating globally in transport, energy, and water infrastructure. Overlaps with Webuild on rail, bridges, and sustainable mobility tenders.
• Hochtief AG: German-based international construction group controlled by ACS, with leading positions in transport and energy infrastructure. Direct competitor on European and North American mega-tenders.
• ACS Group (Actividades de Construcción y Servicios): Spanish-based global infrastructure and construction conglomerate operating across civil works, concessions, and industrial services. Closest European peer to Webuild by business mix, scale, and concession-heavy model.

Emerging players

• Larsen & Toubro (L&T): Indian multinational engineering and construction conglomerate with growing international footprint in transport, hydro, and water. Already a consortium partner with Webuild on Riyadh Metro; emerging global peer in mega-infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/webuild_group
• Facebookfacebook.com/WebuildGroupOfficial

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 records

Funding overview

Funding rounds3 records

Investors

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

M&A2 records

Investments

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

Frequently asked questions about Webuild Group