Bilfinger

What Bilfinger does

Bilfinger SE is a Mannheim-headquartered international industrial services provider serving the process industry. The company delivers eight core service lines - Projects, Maintenance, Turnaround, Engineering, Inspection, Insulation/Scaffolding/Corrosion Protection (ISP), Mechanical, and Electrical/Instrumentation/Control (EIC) - through a workforce of approximately 31,000 employees across more than 25 countries in Europe, North America and the Middle East. Its customers operate in energy (including renewable, nuclear and conventional), chemicals & petrochemicals, pharma & biopharma, and oil & gas, with named references spanning bp, Shell, INEOS, E.ON, Fortum, Vattenfall, Edvance/Hinkley Point C, KNPC, Gasunie, SOCAR and DSM. FY2025 revenue reached €5.4B at an 8% growth rate, with an EBITA margin of 5.5% and €330M of free cash flow (up 75% YoY); FY2026 guidance is €5.4-5.9B at 5.8-6.2% EBITDA margin. Revenue is generated through enterprise field sales, project-based work and long-term maintenance framework contracts, with all services delivered directly by Bilfinger employees rather than through resellers.

The company's competitive positioning rests on regulatory credentials (ISO 19443 across seven nuclear sites in Germany, France and the UK; SBTi-validated climate targets; EcoVadis Gold Medal 2025) and proprietary digital offerings including BCAP, the Net Zero Approach decarbonisation program, IsoScan/TIPCHECK thermographic inspection and the Energy Efficiency Class Calculator. Strategic technology partnerships embed third-party AI and automation capability: Energy Robotics' Enterprise AI Platform for autonomous drone/robot inspection, Schneider Electric EcoStruxure-based autonomous floating buoys using SpaceX Starlink, and Fraunhofer IOSB for tele-operated nuclear waste retrieval at the Asse II salt mine. Brand positioning was refreshed in April 2025 under the tagline 'Your Performance Is Our Business'.

The business is rolling up regional capacity through M&A: Stork assets (2024), nZero Group/Orbital Gas Systems/Thyson Technology (May 2025), Nordic Mechanical Solutions (Jul 2025, ~3,500 employees, ~70 Nordic locations), and Teknokon Group in Türkiye (Apr 2026, ~1,000 employees). Mid-term capital allocation targets are 4-5% average annual revenue growth, EBITA margin of 6-7% and cash conversion of at least 80%.

Name

Bilfinger

Legal name

Bilfinger SE

Website

https://bilfinger.com

Company type

Public

Founded year

1945

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Bilfinger is an international industrial services provider headquartered in Mannheim, Germany, delivering engineering, maintenance, turnaround, inspection, ISP, mechanical, and digital services to process industry customers across energy, chemicals & petrochemicals, pharma & biopharma, and oil & gas sectors in 25+ countries.

Ownership category

akta.pro rank

Product category

Industrial Services for the Process Industry

NAICS

Engineering Services (541330)

SIC

Oil & Gas Field Machinery & Equipment (3533), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Building Information Modeling (BIM) & Digital Design Services (BPAHAKAK)

akta.pro secondary industry

Circularity Consulting & Program Management (EPR, Design-for-Circularity, LCA) (EUAIANAH)

Keywords

• Industrial engineering services
• Process industry maintenance
• Plant turnaround services
• Asset performance management
• Energy transition consulting

Headquarters

HQ city

Mannheim

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Industrial Services: Comprehensive engineering and maintenance services for process industry including consulting, prefabrication, installation, access & insulation, and asset performance services. Revenue generated from project-based work, maintenance contracts, and specialized services.
2. Project Revenue: Large-scale engineering and construction projects such as district heating accumulators, power plant modernization, and industrial facility expansions. 2025 revenue of EUR 5.4 billion with 8% growth.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Bilfinger delivers comprehensive industrial services for the process industry, spanning the entire asset value chain from consulting and engineering through prefabrication, installation, access & insulation, and ongoing asset performance services. The company serves energy, chemicals & petrochemicals, pharma & biopharma, and oil & gas customers through eight core service lines (Projects, Maintenance, Turnaround, Engineering, Inspection, ISP, Mechanical, and EIC) supported by a Digital services portfolio and sustainability solutions such as the Net Zero Approach.

Product overview

Bilfinger is an international industrial services provider offering a comprehensive portfolio of services spanning the entire industrial plant value chain: from consulting and engineering through to prefabrication, installation, access and insulation, and ongoing asset performance services. The company operates across Europe, North America, and the Middle East, serving customers in energy (including nuclear, hydrogen, heat storage, wind, and conventional power), chemicals and petrochemicals, pharma and biopharma, and oil and gas sectors. The core product portfolio is structured around eight service lines — Projects, Maintenance, Turnaround, Engineering, Inspection, ISP (Insulation, Scaffolding, and Corrosion Protection), Mechanical, and Electrical, Instrumentation & Control (EIC) — supported by a Digital services unit. Key sub-brands include the Net Zero Approach for decarbonisation consulting, BCAP digitisation solution, IsoScan/TIPCHECK thermographic inspection services, and the Energy Efficiency Class Calculator. The Van Iterson Institute is Bilfinger's proprietary internal training programme in the Netherlands. Bilfinger has approximately 31,000 employees and reported revenue of over €5 billion in 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Projects
• Maintenance
• Turnaround
• Engineering
• Inspection
• Insulation, Scaffolding and Corrosion Protection (ISP)
• Mechanical
• Electrical, Instrumentation and Control (EIC)
• Digital Services
• Net Zero Approach
• BCAP Digitisation Solution
• IsoScan and TIPCHECK Services
• Energy Efficiency Class Calculator

Quantifiable outcome

• CO2 emissions reduction of up to 50% from district heating production
• +6 more outcomes

Named customers29 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability7 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and major.

• Schneider ElectriccoreStrategic or Co-development Partner · 29 June 2026Development of autonomous floating buoy system for offshore operations using Schneider Electric's EcoStruxure Automation Expert platform. System operates without permanent crew using hybrid renewable energy microgrid and SpaceX's Starlink connectivity. Has logged 1,000 hours of incident-free autonomous operation in North Sea since October 2025.
• Fraunhofer IOSBcoreStrategic or Co-development Partner · 29 April 2026Development of tele-operated robotic system to retrieve approximately 126,000 barrels of radioactive waste from Asse II salt mine in Germany. Fraunhofer IOSB integrating sensor fusion, 3D perception, and digital twin technologies for remote operations while Bilfinger designs multifunctional excavator with specialized tools.
• Perpetual NextmajorImplementation/ SI/ Consulting Partner · 2 April 2026Bilfinger appointed as permitting consultant for Methanol Moerdijk biomethanol facility in Netherlands. Covers environmental impact assessment, permitting support, stakeholder coordination, and project management through sprints 1-6 of the permitting process. Facility designed to convert 313,000 tons of biocarbon into 216,000 tons of biomethanol annually.
• Energy RoboticscoreTechnology or Integration · 11 December 2025Partnership to offer autonomous inspection solutions using drones and robots to process industry customers. Incorporates Energy Robotics' Enterprise AI Platform into Bilfinger's digital services portfolio, enabling autonomous data collection from robots, drones, and IoT devices for inspecting remote and hazardous areas. Claims include 20% reduction in operator round costs and tenfold decrease in tank inspection expenses.
• Emarat/Emdad Aviation Fuel Storage FZCOmajorImplementation/ SI/ Consulting Partner · 24 November 2025Bilfinger appointed to provide end-to-end engineering and design services for new aviation-fuel pipeline connecting Jebel Ali terminal to Al Maktoum International Airport in Dubai. Covers all design, project management, installation stages, and regulatory approvals.
• Kuwait National Petroleum Company (KNPC)majorImplementation/ SI/ Consulting Partner · 7 August 2025Bilfinger Middle East awarded front-end engineering and design (FEED) contract for developing new north oil pier at Mina Al-Ahmadi refinery. Services include site surveys, feasibility studies, conceptual and detailed engineering, cost estimation, and risk assessment.
• GasuniemajorImplementation/ SI/ Consulting Partner · 2 April 2025Bilfinger commissioned by Gasunie to design receiving station for hydrogen as part of Hydrogen Network Netherlands project.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Aker Solutions: Norway-listed provider of engineering and integrated solutions for the energy industry, with strong offshore and subsea exposure. Close peer to Bilfinger on North Sea oil & gas maintenance, energy-transition engineering and modular fabrication work.
• Saipem: Italian-listed engineering and drilling company focused on energy and infrastructure projects. Directly comparable on pipeline engineering, refinery EPCm and offshore maintenance services overlapping Bilfinger's portfolio.
• KBR Inc. US-listed provider of science, technology and engineering solutions to governments and commercial markets including sustainable technology solutions and energy transition. Comparable in EPCm and advisory services for process industry customers.
• Worley Limited: Australia-based global engineering and advisory firm focused on energy, chemicals and resources projects. Closest peer to Bilfinger in terms of process-industry engineering, maintenance and decarbonization services across Europe, Middle East and North America.
• Fluor Corporation: US-listed global EPC and engineering firm serving energy, chemicals, mining and infrastructure. Highly comparable in large-project execution, process-industry engineering and oil & gas maintenance support.
• McDermott International: US-headquartered provider of engineering, procurement, construction and installation services for the energy industry. Comparable on offshore oil & gas, hydrogen and refining EPCm projects adjacent to Bilfinger's Middle East and European work.
• John Wood Group: UK-listed engineering and consulting firm serving energy and built environment with project solutions, operations and maintenance. Direct competitor in North Sea O&G maintenance and energy-transition engineering services that mirror Bilfinger's portfolio.
• Jacobs Solutions: US-listed professional services firm delivering engineering, technical, scientific and consulting solutions across critical infrastructure, advanced facilities and energy. Overlaps directly with Bilfinger's process-industry engineering and advisory offering.

Broad incumbents

• Babcock International: UK-listed engineering services company serving defence, nuclear and industrial customers with lifecycle support. Comparable on industrial services and nuclear lifecycle support — notably Bilfinger previously acquired Babcock Borsig Service in 2005 — though Babcock's portfolio is broader across defence.
• TechnipFMC: UK/US-listed technology and services provider for the energy industry, focused on subsea, surface and onshore/offshore projects. Adjacent to Bilfinger in refining, pipeline and hydrogen project engineering, though it is more subsea/upstream-skewed.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bilfinger
• LinkedInlinkedin.com/company/bilfinger
• Instagraminstagram.com/bilfinger
• Xx.com/bilfinger

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries21 records

Funding overview

Funding rounds

Investors

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

M&A7 records

Investments

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

Frequently asked questions about Bilfinger