CEBAT

What CEBAT does

CEBAT S.p.A. is a Rome-headquartered Italian infrastructure construction and maintenance contractor founded in 1961, operating across electrical networks, water distribution, fiber-optic connectivity, and public lighting. The company delivers integrated services spanning engineering, civil works, cable laying, substation construction, trenchless drilling, testing, and commissioning for utility operators, renewable developers, hyperscale data center operators, and government entities. Its technical core includes horizontal directional drilling (HDD/TOC) for marine cable landings and long-distance crossings, delivered through its wholly-owned subsidiary Quadrifoglio Drilling S.r.l., alongside high-voltage DC and AC cable installation, substation construction, and a Global Services maintenance offering for ongoing network operations.

The business model is project-based and B2B, with revenue generated through three streams: large-scale infrastructure construction projects (one-time, milestone-based, won via competitive tenders and direct enterprise negotiations), long-term Global Services maintenance contracts (recurring, with anchor clients such as ACEA for Rome water infrastructure), and turnkey solutions for renewables, data centers, and large industrial clients. CEBAT holds a comprehensive set of SOA qualifications and ISO certifications (quality, environment, safety, information security, anti-bribery, energy, social accountability, gender equality, road safety, and GHG reporting) that gate access to regulated public tenders in Italy. The company operates from 15 locations across Italy with a fleet of 1,000+ specialized vehicles and machinery units, employs 1,163 people (as of December 2025), and is privately held under private equity firm Oaktree's controlling ownership with the founding Montanari family retaining a third-generation stake.

CEBAT's 600+ million EUR backlog and 300+ million EUR annual revenue are anchored by marquee counterparties including Terna (Italian grid operator), Prysmian (HVDC cable partner), ACEA (water utility), Equinix (hyperscale data centers), and international renewable developers such as Iberdrola, Enfinity Global, Mytilineos, Solarig, and EDP. Strategic infrastructure projects include the Tyrrhenian Link HVDC interconnection, SA.CO.I.3, ELMED (Italy-Tunisia), Italy-Montenegro, Piedmont-Savoia, the Mozia island grid connection via 1,348m HDD drilling, and 5 GW of design capacity dedicated to offshore wind underground AT cables by 2022. The company also holds EcoVadis Platinum status (99th percentile globally) and is positioning for international expansion via cross-border HVDC projects and an English-language website launch.

Name

CEBAT

Legal name

CEBAT S.p.A.

Website

https://cebat.it

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

251–500 employees

Short description

CEBAT S.p.A. is a Rome-based Italian infrastructure contractor founded in 1961, delivering construction and maintenance of electrical networks, water pipelines, fiber-optic systems, and public lighting for utilities, renewable developers, and hyperscale data center operators via direct enterprise tenders.

Ownership category

akta.pro rank

Product category

Infrastructure Construction and Maintenance Services

NAICS

Power and Communication Line and Related Structures Construction (237130)

SIC

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

akta.pro primary industry

Substation & Interconnection EPC (Collector/POI Substations, Switchyards) (EUAEADAC)

akta.pro secondary industries

Underground Distribution (Cable, Duct Bank & Vault) EPC (EUAEACAB), Distribution Substations & Switching Stations (MV) EPC (EUAEACAC)

Keywords

• Infrastructure construction services
• Electrical network construction
• Underground cable installation
• Water pipeline construction
• Trenchless drilling services

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices15 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Infrastructure Construction Projects: Large-scale infrastructure construction for electrical networks (HV/MV/LV), water pipelines, telecommunications fiber, and data center connections. Projects are typically one-time with multi-year execution timelines, quoted and contracted through competitive tenders or direct negotiation with major operators. Revenue recognition based on project milestones.
2. Global Services / Maintenance Contracts: Ongoing maintenance and operational support for utility networks including preventive maintenance, ordinary maintenance, painting/replacement, and emergency response services. Provided under partnership agreements with major utilities such as ACEA for water networks.
3. Turnkey Solutions: Comprehensive project delivery including civil works, cable laying, substations, testing and commissioning for renewable energy plants, data centers, and large industrial clients. Single-point-of-contact delivery model.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

CEBAT S.p.A. provides integrated infrastructure construction and maintenance services for energy, water, and digital networks. The company builds and maintains high/medium/low voltage electrical grids, HVDC/HVAC submarine and underground cable connections, substations, water pipelines, aqueducts, fiber optic networks, and data center high-voltage connections. It also offers trenchless drilling (HDD/TOC) through subsidiary Quadrifoglio Drilling and electrical distribution maintenance in Northern Italy through subsidiary Giubergia & Armando.

Product overview

CEBAT S.p.A. is a unified infrastructure construction and maintenance company offering integrated services across energy (high/medium/low voltage power lines, HVDC connections), water (aqueducts, pipelines, drainage), telecommunications (fiber optic), and public lighting. The portfolio includes core construction and maintenance services (Elettrodotti, Costruzioni, Global Services, Ispezioni, Servizi Speciali) alongside specialized offerings such as T.O.C./HDD trenchless drilling, turnkey solutions, and engineering capabilities. Two key subsidiaries extend the offering: Quadrifoglio Drilling (HDD/trenchless specialist) and Giubergia & Armando (electrical distribution maintenance in Northern Italy).

Differentiator

Problem solved

Functional benefit

Products and services

• Elettrodotti (Power Lines)

Quantifiable outcome

• Over 5 GW of design capacity for underground AT cables dedicated to offshore wind plants achieved by 2022
• +2 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

16 partnerships are on record, tiered core, flagship and minor.

• TernacoreStrategic or Co-development Partner · 1 January 2025Collaboration on HVDC cable landing operations for the Tyrrhenian Link project, one of Italy's most strategic electrical infrastructure projects for strengthening the national grid and integrating renewable energy. CEBAT provides specialized landing operations while Terna manages overall grid development.
• Roda S.p.A.flagshipStrategic or Co-development Partner · 1 January 2025Joint venture partner with Prysmian and CEBAT for the ELMED project, the HVDC interconnection between Italy and Tunisia. This represents CEBAT's most significant international strategic partnership for cross-border grid infrastructure.
• Quadrifoglio Drilling S.r.l.coreTechnology or Integration · 1 January 2024CEBAT subsidiary acquired in October 2020, specializing in horizontal directional drilling and trenchless solutions. Performs complex marine cable landings and long-distance HDD operations. Key projects include SA.CO.I. 3 HVDC landings (Tuscany-Corsica-Sardinia), Tyrrhenian Link landings, and Mozia island electrification.
• Giubergia & Armando S.r.l.coreTechnology or Integration · 9 March 2023CEBAT acquired 100% of this electrical distribution maintenance service provider in March 2023. Based in Cuneo, it provides maintenance and construction services for MT/BT electrical distribution infrastructure in Northern Italy, accelerating CEBAT's growth and supporting energy transition initiatives in Piedmont.
• Enfinity GlobalcoreChannel Partner/ Reseller/ Distributor · 1 January 2022Strategic partnership for renewable energy infrastructure in Italy. CEBAT has delivered one of Italy's first 36 kV medium voltage cable connections for a 150 MW photovoltaic cluster in Ferrara, and additional projects in Montalto di Castro. Supports Enfinity Global's utility-scale solar development in Italy.
• MytilineoscoreChannel Partner/ Reseller/ Distributor · 1 January 2022Partnership for AT and MT connections for large photovoltaic plants as part of Mytilineos' renewable energy development in Italy.
• SolarigminorChannel Partner/ Reseller/ Distributor · 1 January 2022Partnership for AT connections for renewable energy projects in Italy.
• Gruppo CAPminorChannel Partner/ Reseller/ Distributor · 1 January 2022Water utility partnership for infrastructure projects in the Milan area.
• HERAminorChannel Partner/ Reseller/ Distributor · 1 January 2022Multi-utility partnership for water and environmental infrastructure projects in Italy.
• IberdrolacoreChannel Partner/ Reseller/ Distributor · 1 January 2021Major international renewable energy developer and one of the world's largest IPPs. CEBAT has delivered PV grid connection projects in Italy's Viterbo province, one of the main poles for utility-scale photovoltaic development. Partnership includes medium voltage cable infrastructure for renewable plant connections.
• EquinixcoreChannel Partner/ Reseller/ Distributor · 1 January 2021Turnkey delivery of 150 kV high-voltage grid connection for Equinix hyperscale data center in Settimo Milanese. By 2024, CEBAT had secured its 6th contract for AT connection of hyperscale data centers, establishing itself as a reference player in this sector.
• EDPminorChannel Partner/ Reseller/ Distributor · 1 January 2021CEBAT delivered the first AT renewable connection for a wind plant in 2021, marking entry into wind farm grid connections.
• Prysmian GroupcoreStrategic or Co-development Partner · 21 December 2020Major strategic partnership for HVDC/HVAC cable landing projects. CEBAT performs horizontal directional drilling (TOC/HDD) for cable landings while Prysmian provides cables and technical specifications. Notable projects include the 132kV HVAC connection between Lanzarote and Fuerteventura (Canary Islands) and the Tyrrhenian Link HVDC project.
• SuedLink (Germany)minorChannel Partner/ Reseller/ Distributor · 1 January 2020International project participation in Germany's SuedLink HVDC infrastructure project, marking CEBAT's entry into the German market.
• TernacoreChannel Partner/ Reseller/ Distributor · 1 January 2014Terna qualification obtained for overhead AT line construction, enabling CEBAT to participate in strategic national grid development projects. CEBAT completed the Italian section of the Piedmont-Savoia HVDC interconnection and later participated in cross-border connections including Italy-Montenegro.
• ACEAcoreChannel Partner/ Reseller/ Distributor · 1 January 2012Long-term partnership with ACEA (Italian leader in water distribution) for Global Services maintenance of drinking water infrastructure in Rome. CEBAT has been responsible since 2021 for maintaining 3,000+ public drinking fountains ('nasoni'), including preventive and ordinary maintenance, painting, and replacement.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Bonatti S.p.A. Italian EPC contractor for pipelines and energy infrastructure with international operations. Comparable to CEBAT in pipeline construction (water and gas), HV electrical projects, and presence in Mediterranean and African energy projects.
• Sirti S.p.A. Italian telecom and energy network infrastructure specialist with significant fiber optic network deployment and HV infrastructure capabilities. Closely comparable to CEBAT's fiber optic and electrical distribution construction activities and Italian operator client base.
• Salcef Group: Italian infrastructure group specializing in railway maintenance, electrical networks, and civil works for rail and energy clients. Directly comparable to CEBAT in scale, customer mix (Italian utilities, Terna, RFI), and project-based electrical/civil infrastructure model.
• Rizzani de Eccher S.p.A. Italian-headquartered international infrastructure contractor active in civil engineering, bridges, and energy infrastructure. Comparable to CEBAT in scope of electrical and civil infrastructure delivery across European markets.
• Vianini Lavori S.p.A. Italian infrastructure construction firm (Caltagirone group) active in water, transport, and civil infrastructure. Comparable to CEBAT in water pipeline construction and Italian public infrastructure project delivery.
• Impresa Pizzarotti & C. S.p.A. Major Italian general contractor active in infrastructure, civil works, and energy projects. Comparable to CEBAT in Italian infrastructure construction market, particularly on large tenders for utilities and public-sector clients.

Broad incumbents

• Saipem S.p.A. Large global EPC contractor serving energy and infrastructure markets. Overlaps with CEBAT in HV cable, substation, and energy transition infrastructure, but at significantly larger scale and broader scope (offshore, oil & gas, renewables).
• Webuild S.p.A. Major Italian infrastructure conglomerate (formerly Salini Impregilo) with global operations in civil engineering, water, and energy infrastructure. Comparable as a broad incumbent in Italian large-tender infrastructure, though substantially larger and more diversified than CEBAT.

Others

• Prysmian Group: World's largest cable manufacturer and CEBAT's strategic partner on multiple HVDC and HVAC projects (Tyrrhenian Link, ELMED, Canary Islands, SA.CO.I.3). Not a direct competitor — Prysmian supplies cable while CEBAT performs cable laying and landing — but the closest ecosystem counterparty and a key dependency.

Regional players

• Colas Rail: European rail infrastructure contractor (Bouygues group) with capabilities in HV catenary, signaling, and cable laying. Comparable trenchless and electrical infrastructure competencies, though focused on rail rather than utility transmission.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cebatspa

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about CEBAT