Spig
SPIG-GMAB is a privately held Italian industrial engineering company, founded in 1936, that designs, manufactures, and services custom cooling towers and air emissions-control systems for power generation, waste-to-energy, biomass, and industrial-process customers worldwide through its SPIG® and GMAB™ product brands.
- Company typePrivate
- Founded1936
- HeadquartersArona, Italy
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Spig does
SPIG-GMAB is an Italian-headquartered, privately held industrial engineering company founded in 1936 that designs, manufactures, supplies, and installs cooling systems and air emissions-control equipment for power generation, waste-to-energy, biomass, and industrial-process customers. The company operates through two product-line brands: SPIG®, which delivers turnkey wet and dry cooling towers (mechanical and natural draft, air-cooled condensers, air fin coolers, hybrid solutions), aftermarket parts, and global field services; and GMAB™, which provides flue-gas treatment systems including wet and dry scrubbers, electrostatic precipitators, fabric filters, SCR systems, ADIOX® dioxin removal (deployed in over 140 incineration lines), MercOx™ mercury capture, ReZinc® fly-ash detoxification, and flue-gas condensation heat-recovery solutions that can boost energy efficiency by up to 20%.
The business is built around custom-engineered, project-based capital equipment sold via direct enterprise field sales, with execution handled by multi-disciplinary engineering and installation teams that can complete upgrades while plants remain operational, minimizing customer downtime. Operations are split between an Italian headquarters in Paruzzaro (SPIG®) and a Swedish headquarters in Göteborg (GMAB™), with global reach supported by an eight-language website. Revenue streams are diversified across one-time equipment sales, recurring spare parts, long-term service agreements, performance testing, and engineering consulting — yielding an aftermarket and services tail that complements the cyclical project pipeline.
The company is privately held with no parent corporation disclosed; Ambienta, a sustainability-focused investor, participated in a ~$43M financing round in 2010. There are no disclosed acquisitions, leadership changes, or restructuring events in the available data, and the operating footprint of 501–1,000 employees has been stable. The principal commercial signals point to continued product-line extension into decarbonization-linked applications (CCS-ready scrubbing, renewable-energy dry cooling, district-heating heat recovery) rather than M&A-driven scale expansion.
Spig firmographics
Firmographics- Name
- Spig
- Legal name
- SPIG-GMAB
- Website
- https://spig-int.com
- Company type
- Private
- Founded year
- 1936
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- SPIG-GMAB is a privately held Italian industrial engineering company, founded in 1936, that designs, manufactures, and services custom cooling towers and air emissions-control systems for power generation, waste-to-energy, biomass, and industrial-process customers worldwide through its SPIG® and GMAB™ product brands.
- Ownership category
- akta.pro rank
Spig industry classification
Industry- Product category
- Industrial Cooling and Emissions Control Equipment
- NAICS
- Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (3334), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564)
- akta.pro primary industry
- Chillers & Cooling Plant Equipment (IMAHAKAE)
- akta.pro secondary industry
- Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD)
Keywords
Where Spig is headquartered
LocationHeadquarters
- HQ city
- Arona
- HQ country
- Italy
- HQ region
- Europe
Offices2 records
Markets served
Spig business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Cooling Systems Equipment Sales: Sale of turnkey wet cooling towers (mechanical and natural draft), dry cooling systems (air-cooled condensers and air fin coolers), and hybrid cooling solutions. Equipment is custom-engineered to site-specific requirements including seismic, wind, corrosion, noise, and seawater specifications.
- Flue Gas Treatment Equipment Sales: Sale of emissions control equipment including wet and dry scrubbers, electrostatic precipitators, fabric filters, SCR systems, and dioxin removal systems. Equipment is tailored for waste-, biomass-fired power plants and industrial processes.
- Aftermarket Parts: Replacement parts and spare parts for cooling systems, sold globally to existing customers for maintenance and upgrades.
- Field Services and Maintenance: Comprehensive after-sales technical support and field services including installation, commissioning, performance testing, equipment optimization, upgrades, energy-saving solutions, wet-dry conversions, and long-term service agreements. Projects executed globally by multi-disciplinary teams.
- System Monitoring and Controls: Monitoring and control systems for cooling plants, offered as part of the turnkey cooling solution or as an aftermarket upgrade.
- Engineering Assessment and Consulting Services: Engineering assessments and environmental system upgrade services including equipment upgrades, training, and support for wet and dry FGD systems, ESPs, baghouses, sorbent injection, dioxin and mercury control, SCR systems, and condensate treatment.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Spig product offering
Product offeringCore offering
Spig (SPIG-GMAB) designs, manufactures, supplies, and installs industrial cooling systems (wet, dry, and hybrid cooling towers, air-cooled condensers, air fin coolers) and air emissions control equipment (flue gas treatment, dioxin removal, mercury capture, electrostatic precipitators, scrubbing systems, heat recovery) for power generation, waste-to-energy, biomass, and industrial facilities worldwide. The company operates two divisions: SPIG® for cooling systems and GMAB™ for emissions control and energy recovery, supported by aftermarket parts, installation/commissioning services, and long-term service agreements.
Product overview
SPIG-GMAB is a dual-brand industrial equipment company offering two distinct product lines: the SPIG® brand provides turnkey cooling systems including wet cooling towers (mechanical and natural draft), dry cooling systems (air-cooled condensers and air fin coolers), hybrid cooling solutions, aftermarket upgrades, replacement parts, and technical services; the GMAB™ brand delivers air emissions control and energy recovery equipment for waste- and biomass-fired power plants including flue gas treatment systems, dioxin removal (ADIOX®), heat recovery solutions, polishing scrubbers, and innovative technologies (MercOx™, Sulfur Recirculation, ReZinc®). Both product lines share a unified services portfolio for installation, commissioning, upgrades, and optimization.
Differentiator
Problem solved
Functional benefit
Brands
- SPIG: Product line for cooling systems including wet cooling towers, dry cooling systems, aftermarket upgrades, replacement parts and services, and system monitoring and controls.
- GMAB
- ADIOX®
- MercOx™
Products and services
- SPIG® Wet Cooling Towers Wet cooling systems including mechanical draft and natural draft cooling towers designed for site-specific requirements such as high seismic and wind loads, vibration control, corrosion resistance, low-noise emission, sub-freezing operation, and seawater applications. Targeted at power generation and industrial facilities requiring reliable, energy-efficient water-based cooling.
- SPIG® Dry Cooling Systems Dry cooling technology including air-cooled condensers (ACC) and air fin coolers (AFC) for water conservation applications, widely adopted in renewable energy plants. Eliminates hot water discharge and requires minimal maintenance.
- SPIG® Services Expert technical after-sales support and comprehensive field services for SPIG® cooling systems, including installation, commissioning, performance testing, equipment optimization, upgrades, energy-saving solutions, wet-dry conversions, and long-term service agreements. Delivered globally by multi-disciplinary teams with the ability to complete upgrades while plants remain operational.
- SPIG® Parts Cooling system spare parts and replacement parts available globally through long-term service agreements, supporting maintenance and upgrades of installed SPIG® cooling equipment.
- GMAB™ Flue Gas Treatment Comprehensive flue gas treatment solutions for removing dust, SO2, HCl, HF, NOX, heavy metals, and dioxins, including wet scrubbers, SCR, semi-dry and dry air quality control systems, wet and dry electrostatic precipitators (WESPs and ESPs), pulse-jet fabric filters, and ESP rebuilds/upgrades. Targeted at waste-, biomass-fired power plants and industrial processes.
- ADIOX® Dioxin Removal Advanced dioxin removal technology using carbon-doped plastics in scrubbers and absorbers, including tower packings and demisters, with analysis services for performance monitoring and replacement planning. Deployed in over 140 incineration lines globally. Spent material can be incinerated to destroy captured dioxins.
- GMAB™ Heat Recovery Heat recovery solutions leveraging flue gas condensation technology to boost energy efficiency by up to 20% while recovering energy for district heating. Includes combustion air humidification, condensing scrubbers, metallic condensers, water treatment, heat pumps, and absorption chillers.
- GMAB™ Polishing Scrubbers Multifunctional single-stage or multi-stage polishing scrubbers (CCS gas pretreatment) that produce ultra-low emissions in plants designed to meet prior emission limits. Can integrate energy recovery via flue gas condensation and are designed for wastewater-free operation, with optional downstream installation for Carbon Capture technology.
- GMAB™ Services Comprehensive environmental system upgrade services including engineering assessments, equipment upgrades, installation, commissioning, performance testing, and training. Supports wet and dry FGD systems, ESPs, baghouses, sorbent injection, dioxin and mercury control, SCR systems, and condensate treatment.
- GMAB™ Innovative Technologies (MercOx™, Sulfur Recirculation, ReZinc®) Bundle of advanced emissions control technologies: MercOx™ wet scrubber technology for mercury capture (including Hg⁰) based on hydrogen peroxide; Sulfur Recirculation technology for reducing high-temperature corrosion and dioxin formation in waste-to-energy plants; and ReZinc® process that uses scrubber effluents to leach fly ash, detoxifying the fly ash, destroying dioxins, and producing a zinc-rich product suitable for recycled zinc production.
Quantifiable outcome
- Heat recovery solutions can boost energy efficiency by up to 20%
- +3 more outcomes
Companies that use Spig
Customer profileSegments3 records
Ideal customer profiles3 records
Spig technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Spig partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights6 records
Spig competitors and assessment
Company assessmentBroad incumbents
- Doosan Enerbility: Doosan Enerbility (Korea) manufactures cooling towers, heat exchangers, and power generation equipment serving global utilities and industrial customers. It is a broad incumbent with overlapping cooling and emissions capabilities at significantly larger scale than Spig.
- SPX Technologies: SPX Technologies is a diversified industrial manufacturer with significant HVAC and cooling tower operations (including Marley). It overlaps with Spig's cooling systems business but at much larger scale across broader HVAC and detection portfolios.
Direct peers
- MARTIN GmbH: MARTIN GmbH is a German specialist in air pollution control systems including scrubbers, ESPs, and fabric filters for power plants and waste incineration. It directly competes with Spig's GMAB emissions control portfolio in European and international markets.
- Babcock & Wilcox: B&W is a direct competitor in flue gas treatment, emissions control, and cooling technologies for power generation and industrial applications. Both companies provide scrubbers, ESPs, and cooling systems globally to utility and industrial customers.
- Enexio (Enexio Management & Verwaltung): Enexio, spun out of GEA, is a direct European competitor in cooling towers and air-cooled condensers for power plants, refineries, and industrial processes. Both companies target similar utility and industrial customers with custom-engineered cooling solutions.
- Hitachi Zosen Inova: HZI is a leading EPC contractor and technology provider for waste-to-energy plants, including flue gas treatment. It directly competes with Spig in emissions control and heat recovery solutions for the WTE segment globally.
- Hamon: Hamon (Belgium) is a direct competitor in industrial cooling towers, air-cooled condensers, and flue gas treatment systems for power generation and industrial markets. Both companies serve similar utilities and EPCs with custom-engineered cooling and emissions solutions across global geographies.
- Baltimore Aircoil Company: BAC is a global leader in cooling towers, evaporative cooling, and ice thermal storage serving HVAC, industrial, and power applications. It directly competes with Spig in wet and hybrid cooling systems across commercial and industrial markets.
Regional players
- Wulff & Abel (Detalo Group): Detalo Group's Wulff & Abel operations provide cooling towers and heat exchangers, with primary focus on European industrial and power markets. Comparable to Spig in product scope but with narrower geographic concentration.
Emerging players
- Anhui Tongfeng Environmental Protection & Energy-Saving Technology: A Chinese emerging player in flue gas desulfurization, denitrification, and emissions control equipment for power plants and industrial facilities. Represents a low-cost alternative to Spig's GMAB portfolio in Asian markets and global EPC bids.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Spig social profiles
Digital presenceSpig financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spig leadership team
Management profileNumber of profiles
Spig funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spig 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 Spig
What does Spig do?
Spig (SPIG-GMAB) designs, manufactures, supplies, and installs industrial cooling systems (wet, dry, and hybrid cooling towers, air-cooled condensers, air fin coolers) and air emissions control equipment (flue gas treatment, dioxin removal, mercury capture, electrostatic precipitators, scrubbing systems, heat recovery) for power generation, waste-to-energy, biomass, and industrial facilities worldwide. The company operates two divisions: SPIG® for cooling systems and GMAB™ for emissions control and energy recovery, supported by aftermarket parts, installation/commissioning services, and long-term service agreements.
Is Spig a public or private company?
Spig is a private company. It is classified as private equity controlled and is currently operating.
When was Spig founded?
Spig was founded in 1936. It employs 501 to 1,000 people.
Where is Spig based?
Spig is headquartered in Arona, Italy, in the Europe region.
How does Spig make money?
Six revenue lines are on record. Cooling Systems Equipment Sales are the primary driver. The others are flue Gas Treatment Equipment Sales, aftermarket Parts, field Services and Maintenance, system Monitoring and Controls and engineering Assessment and Consulting Services.
Who are Spig's main competitors?
Broad incumbents on record are Doosan Enerbility and SPX Technologies. Direct peers are MARTIN GmbH, Babcock & Wilcox, Enexio (Enexio Management & Verwaltung), Hitachi Zosen Inova, Hamon and Baltimore Aircoil Company. Wulff & Abel (Detalo Group) is listed as a regional player. Anhui Tongfeng Environmental Protection & Energy-Saving Technology is listed as an emerging player.
Does Spig have an API?
No public API is recorded for Spig.
What industry is Spig in?
Spig's product category is Industrial Cooling and Emissions Control Equipment. Its primary akta.pro industry code is IMAHAKAE, Chillers & Cooling Plant Equipment, with a secondary code of HDABAKAD, Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling). Its NAICS code is 3334 and its SIC code is 3585.