ITT
ITT S.p.A. is a privately-held Italian engineering firm founded in 1954 that designs and supplies fired heaters, steam reformers, and waste heat systems for refineries and petrochemical plants globally, serving EPC contractors, major oil companies, and national oil companies across Europe, Asia, and the Middle East.
- Company typePublic
- Founded1954
- HeadquartersMilan, Italy
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What ITT does
ITT S.p.A. is a privately-held Italian engineering company founded in 1954 and headquartered in Milan, Italy, specializing in thermal design, detail engineering, and the supply of fired heaters, reformers, and associated equipment for refineries and petrochemical industries worldwide. The company has developed proprietary software for thermal and mechanical design of fired heaters and reformers and maintains a reference list exceeding 1,000 process fired heaters and 80+ reformers delivered globally for hydrogen, ammonia, and methanol production. It is qualified as an approved vendor by all major process technology licensors — including HTAS, Davy Process Technology, KBR, Uhde (thyssenkrupp), Casale, Lurgi, and Energiron — and its Quality Management System is certified to ISO 9001:2015 by TÜV. In 2010 the company expanded into renewable energy with a turnkey photovoltaic plants line and directly owns/operates approximately 2MW of PV capacity in the province of Bergamo, Italy.
The company operates a project-based B2B model targeting enterprise customers globally: EPC contractors, major oil companies, and national oil companies. Revenue is generated through one-time engineering and equipment supply contracts, project execution services, and ongoing start-up/training support. Service scope spans PDP and Basic Engineering, Process Simulation, 3D Engineering, Detail Engineering, Revamping/Retrofit Consulting, Energy Conservation and Efficiency Enhancement Feasibility Studies, Project Execution, Construction Supervision, and Start-up & Training. Geographic reach is delivered through wholly-owned offices in Milan, Rome, Lugano (Switzerland), Seoul (South Korea), and Mumbai (India), with a notable 2015 mega-contract to supply four reformers to KNPC (Kuwait) representing the largest single contract in company history. The GTM motion is enterprise field sales via direct engagement with EPC contractors and asset owners; pricing is not publicly disclosed and is structured on a project-quotation basis with multi-year contract cadence.
Note: The input also references a separate US public entity, ITT Inc. (NYSE: ITT, headquartered in Stamford, Connecticut), which is an industrial manufacturer with Motion Technologies, Industrial Process, and Connect and Control Technologies segments. ITT Inc. recently announced the acquisition of SPX FLOW for approximately $4.775 billion (December 2025) and Kohler & Horter (November 2025), funded in part by a $1.31 billion public stock offering. These are not part of ITT S.p.A.'s operations but appear in the aggregated input and are referenced in the strategic moves accordingly.
ITT firmographics
Firmographics- Name
- ITT
- Legal name
- ITT S.p.A.
- Website
- https://ittki.it
- Company type
- Public
- Founded year
- 1954
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ITT S.p.A. is a privately-held Italian engineering firm founded in 1954 that designs and supplies fired heaters, steam reformers, and waste heat systems for refineries and petrochemical plants globally, serving EPC contractors, major oil companies, and national oil companies across Europe, Asia, and the Middle East.
- Ownership category
- akta.pro rank
ITT industry classification
Industry- Product category
- Industrial Process Equipment for Refining and Petrochemicals
- NAICS
- Power Boiler and Heat Exchanger Manufacturing (332410), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)
- SIC
- Industrial Process Furnaces & Ovens (3567), Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures (3430)
- akta.pro primary industry
- Boilers, Furnaces & Process Heating Equipment (IMAHAKAD)
- akta.pro secondary industries
- Industrial Boilers, HRSGs & Steam Generators (IMAHAFAF), Gas Processing Plant Equipment & Skids (Separators, Heat Exchangers, Turboexpanders) (EUAAABAH), Boiler Installation & Replacement (HSAOACAC)
Keywords
Where ITT is headquartered
LocationHeadquarters
- HQ city
- Milan
- HQ country
- Italy
- HQ region
- Europe
Offices6 records
Markets served
ITT business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure
Revenue model
- Industrial Components and Specialty Products: ITT Inc. generates revenue from transportation, aerospace, and industrial components and specialty products. The company reported revenue growth driven by higher volume, pricing, and acquisitions.
- Industrial Turnkey Plants and Equipment: ITT S.p.A. generates revenue through engineering and equipment supplies, development and construction of power generation plants, specifically turnkey photovoltaic plants. Services include site survey, engineering, permits management, equipment installation, and plant operations & maintenance.
- Engineering Services: ITT S.p.A. provides engineering services including PDP and Basic Engineering, Process Simulation, 3D Engineering, Detail Engineering, Revamping and Retrofit Consulting, Start Up and Training Services, Project Execution, and Construction Supervision Services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based pricing for industrial components and specialty products |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
ITT product offering
Product offeringCore offering
ITT S.p.A. performs thermal design, detail engineering, and supply of fired heaters, steam reformers, and ancillary equipment for refineries, petrochemical plants, and hydrogen/ammonia/methanol producers. The company also builds turnkey photovoltaic power plants and provides accompanying engineering, project execution, construction supervision, start-up, and training services. Its deliverables include fully engineered equipment packages as well as licensed reformer designs delivered under major process licensor approvals.
Product overview
ITT is a single-product-focused engineering company specializing in thermal design, detail engineering, and supply of fired heaters, reformers, and ancillary equipment for refineries and petrochemical industries worldwide. The company offers a unified portfolio centered on its core thermal processing products (Fired Heaters and Reformers) complemented by Waste Heat Management Systems. ITT provides extensive engineering and project execution services including design, procurement, construction supervision, and start-up support. The product portfolio includes Fired Heaters (Crude Oil, Vacuum, Hydrocracker, Hydrotreater, CCR, Delayed Coker, Ethane Cracker units), Reformers (for hydrogen, ammonia, methanol production with multiple process licensor approvals), and Waste Heat Management Systems (WHRS, HRSG, APH). Since 2010, ITT expanded into renewable energy with turnkey photovoltaic plants. With 65+ years of experience and 1,000+ process fired heaters and 80+ reformers in its reference list, ITT operates globally with Quality Management System certified to ISO 9001:2015 by TÜV.
Differentiator
Problem solved
Functional benefit
Products and services
- Fired Heaters Custom-engineered industrial fired heaters for refineries and petrochemical operators, including Crude Oil, Vacuum, Hydrocracker, Hydrotreater, Start-up, Hot Oil, CCR, Visbreaking, Delayed Coker, and Ethane Cracker units designed using ITT's proprietary thermal and mechanical design software.
- Steam Reformers Steam reformers for hydrogen, ammonia, and methanol production, supplied as fully engineered packages approved by major process licensors including HTAS, Davy Process Technology, KBR, Uhde, Casale, Lurgi, and Energiron, with both field-erected and fully modularized configurations.
- Waste Heat Management Systems Waste Heat Recovery Section (WHRS), Waste Heat Boiler, Heat Recovery Steam Generation System (HRSG), and Air Preheating System (APH) units designed to recover heat from process streams and improve energy efficiency for refineries and petrochemical plants.
- Turnkey Photovoltaic Plants Turnkey photovoltaic power generation plants delivered through subsidiary ITT CH SA, including site survey, engineering, permits management, equipment installation, final performance testing, and grid connection services for public and private customers.
- Engineering Services Engineering services for hydrocarbon and power generation projects covering PDP and Basic Engineering, Process Simulation, 3D Engineering, Detail Engineering, Revamping and Retrofit Consulting, and Energy Conservation and Efficiency Enhancement Feasibility Studies for refineries, petrochemical operators, EPC contractors, and renewable energy buyers.
- Project Execution and Construction Services End-to-end project execution services including project management, procurement, prefabrication, expediting, inspection, logistics, site erection supervision, precommissioning/commissioning, start-up, and operator training services for thermal process equipment and PV plants.
Quantifiable outcome
- Single largest contract - 4 reformers to KNPC (Kuwait) in 2015
- +2 more outcomes
Companies that use ITT
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
ITT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
ITT partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- SPX FLOWcoreITT Inc. announced acquisition of SPX FLOW from Lone Star Funds for $4.775 billion. The transaction aims to enhance ITT's Industrial Process segment and is expected to close by early 2026, with positive impacts on margins and growth.
- Kohler & HorterminorITT Inc. acquired Kohler & Horter to add compressor technology to its portfolio. The deal aims to strengthen its presence in industrial machinery and equipment markets.
- HTAScoreProcess Licensor approved partner for steam reformers. ITT supplies stream reformers licensed by HTAS.
- Davy Process TechnologycoreProcess Licensor approved partner. ITT supplies fully modularized steam reformer with DAVY license (2013).
- KBRcoreProcess Licensor approved partner for steam reformers. ITT supplied steam reformer with KBR license (2009).
- Uhde (thyssenkrupp)coreProcess Licensor approved partner for reformers in ammonia and methanol production.
- CasalecoreProcess Licensor approved partner for reformers.
- LurgicoreProcess Licensor approved partner. ITT supplied steam reformer with Lurgi technology (2010).
- EnergironcoreProcess Licensor approved partner for hydrogen production reformers.
Scale indicators8 records
Recent moves8 records
Expansion highlights4 records
ITT competitors and assessment
Company assessmentDirect peers
- Borsig: German process equipment manufacturer with a reformer and pressure vessel line serving refineries, petrochemical, and hydrogen plants; comparable thermal-equipment peer to ITT S.p.A.
- Schmidt + Clemens: German-headquartered specialist in reformer and radiant-section fabrication for the petrochemical and steel industries; supplies steam reformers and high-temperature process equipment directly comparable to ITT S.p.A.'s reformer and fired-heater portfolio.
- Hamon: Belgian EPC specializing in heat exchange and cooling/fired heater equipment for refineries and power; competes directly with ITT S.p.A. in industrial process fired heaters and heat-transfer equipment.
Broad incumbents
- Air Products: Global industrial gas and hydrogen major; frequently procures reformers and large process equipment comparable to what ITT supplies, serving as both a customer-set benchmark and an integrated hydrogen-project competitor.
- Linde Engineering: Engineering arm of Linde, active in hydrogen and gas processing EPC, overlapping with ITT's reformer/heater offerings to refineries and petrochemical end-customers.
- Babcock Power (Babcock & Wilcox): US industrial boiler and HRSG supplier to power and process industries; competes with ITT S.p.A. on industrial boilers, HRSGs, and waste-heat-recovery projects.
- KBR: US-based large EPC and reformer process licensor; competes with ITT S.p.A. for hydrogen/ammonia reformer contracts while licensing technology ITT fabricates under.
- thyssenkrupp Uhde: German EPC and process licensor for ammonia, methanol, and hydrogen plants; works with ITT as an approved licensor and also executes reformer projects as a competitor.
Regional players
- FBM: Italian industrial fired heater and reformer fabricator near Bergamo; direct Italian competitor with an overlapping refinery and petrochemical customer base, particularly in southern Europe and the Middle East.
Emerging players
- Topsoe: Danish process licensor for hydrogen and ammonia reformers; overlaps with ITT as both a licensor counterpart and an emerging fabricator competing for the same end-customers.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
ITT social profiles
Digital presenceITT compliance and trust
Trust signalCompliance1 record
ITT financial estimates
Financial estimateRevenue estimate
Valuation estimate
ITT leadership team
Management profileNumber of profiles
Profiles1 record
ITT subsidiaries and ownership
Company hierarchySubsidiaries3 records
ITT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ITT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ITT
What does ITT do?
ITT S.p.A. performs thermal design, detail engineering, and supply of fired heaters, steam reformers, and ancillary equipment for refineries, petrochemical plants, and hydrogen/ammonia/methanol producers. The company also builds turnkey photovoltaic power plants and provides accompanying engineering, project execution, construction supervision, start-up, and training services. Its deliverables include fully engineered equipment packages as well as licensed reformer designs delivered under major process licensor approvals.
Is ITT a public or private company?
ITT is a public company. It is classified as unknown and is currently operating.
When was ITT founded?
ITT was founded in 1954. It employs 11 to 50 people.
Where is ITT based?
ITT is headquartered in Milan, Italy, in the Europe region.
How does ITT make money?
Three revenue lines are on record. Industrial Components and Specialty Products are the primary driver. The others are industrial Turnkey Plants and Equipment and engineering Services.
Who are ITT's main competitors?
Direct peers on record are Borsig, Schmidt + Clemens and Hamon. Broad incumbents are Air Products, Linde Engineering, Babcock Power (Babcock & Wilcox), KBR and thyssenkrupp Uhde. FBM is listed as a regional player. Topsoe is listed as an emerging player.
Does ITT have an API?
No public API is recorded for ITT.
What industry is ITT in?
ITT's product category is Industrial Process Equipment for Refining and Petrochemicals. Its primary akta.pro industry code is IMAHAKAD, Boilers, Furnaces & Process Heating Equipment, with a secondary code of IMAHAFAF, Industrial Boilers, HRSGs & Steam Generators. Its NAICS code is 332410 and its SIC code is 3567.