ULMA

What ULMA does

ULMA is a Spanish industrial cooperative, ULMA C y E, S. Coop., founded in the 1960s and headquartered in Oñati, Gipuzkoa, Spain. It manufactures and supplies engineered concrete forming and shoring systems used to pour walls, columns, slabs, bridges, tunnels, high-rise cores, and other concrete structures. Core product lines include the MEGALITE handset panel system for walls and columns, the MEGAFRAME steel frame shoring system, the ALUPROP single-sided forming system, MK hydraulic and crane-lifted climbing systems, BMK climbing brackets, the KSP shaft platform, and the Garage Beam System for parking structures, all manufactured under European-certified quality standards derived from the Spanish operations.

The company operates a hybrid capital equipment business model with three revenue streams: direct equipment sales (MEGALITE, MEGAFORM, climbing systems, post shores, accessories), equipment rentals leveraging 100% rentable components shipped globally to project sites, and professional services including logistics, engineering and application support, on-site project support, and pre-assembly. Its go-to-market is enterprise field sales through regional sales advisors in 20+ countries across Europe, the Americas, and Asia, supported by a multi-language web presence, country-specific localized portals, the myULMA online customer portal, the ULMA Shop e-commerce storefront, and digital content (BIM/Revit integration via ULMA Studio, the Scaffmax scaffolding configurator, video, newsletter, and the UNEWS construction magazine). End customers are enterprise general contractors and concrete subcontractors serving building construction, high-rise, industrial and power plants, infrastructure and civil works (bridges, tunnels, viaducts), and water/sewage treatment facility construction. Notable named customers include VMG Construction, AIREKO Construction Group, Bayside Structures, Roy Rock LLC, and RJL Concrete.

ULMA Form-Works, Inc. is a wholly owned US subsidiary incorporated and headquartered in New Jersey (Fair Lawn/Hawthorne), serving the North American market. The company is privately held under a cooperative ownership structure and employs 1,001-5,000 people globally. In April 2026, the cooperative completed a planned internal leadership transition in which Aitor Igartua became CEO of ULMA Construction, succeeding Aitor Ayastuy (who moved up to lead the parent ULMA Group), with both executives having joined the cooperative in 1995.

Name

ULMA

Legal name

ULMA C y E, S. Coop.

Website

https://ulmaconstruction.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ULMA is a Spanish industrial cooperative (founded 1960s) that designs, manufactures, and rents engineered concrete forming and shoring systems for enterprise general contractors on building, high-rise, infrastructure, and industrial projects across 20+ countries.

Ownership category

akta.pro rank

Product category

Construction Formwork and Shoring Equipment

NAICS

Agriculture, Construction, and Mining Machinery Manufacturing (3331)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Concrete & Masonry Equipment Rental/Leasing (TLABAFAC)

Keywords

• Concrete formwork systems
• Shoring equipment
• Climbing formwork
• Construction equipment rental
• Slab forming solutions

Headquarters

HQ city

Fair Lawn

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Formwork and Shoring Equipment Sales: Sale of concrete forming and shoring equipment including MEGALITE, MEGAFORM, MK systems, climbing brackets, post shores, and related accessories. Equipment available in both imperial and metric measurements.
2. Formwork and Shoring Equipment Rentals: Rental of forming and shoring equipment for construction projects. The company emphasizes 100% rentable components for cost savings. Equipment can be shipped to project locations worldwide.
3. Services: Comprehensive services including logistics, engineering and application support, on-site project support, and equipment pre-assembly services.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

ULMA designs, manufactures, and supplies concrete forming and shoring equipment for walls, columns, slabs, bridges, tunnels, and climbing applications in commercial, residential, civil, and industrial construction. The company sells and rents its proprietary systems (including MEGALITE, MEGAFRAME, ALUPROP, MK climbing systems, KSP shaft platforms, and BRIO scaffolding) directly to construction contractors, supplemented by engineering support, logistics, on-site services, and digital tools such as ULMA Studio (BIM/Revit) and the myULMA customer portal.

Product overview

ULMA is a leading manufacturer and supplier of highly-efficient concrete forming and shoring solutions providing high-performance engineered products and reliable services. The company operates as a cooperative (ULMA C y E, S. Coop.) headquartered in Spain with global operations across Europe, Americas, and Asia. ULMA's product portfolio centers on concrete formwork systems including the MEGALITE handset panel system, ALUPROP forming systems, and specialized climbing solutions like the KSP shaft platform and BMK climbing brackets. Complementary shoring systems include the Garage Beam System and MEGAFRAME frames. The company offers both equipment sales and rental options, supplemented by digital services including ULMA Studio for BIM planning and the myULMA customer portal. Services encompass engineering and application support, logistics, onsite project support, and equipment pre-assembly. ULMA serves building construction, high-rise buildings, industrial and power plants, infrastructure and civil works, and water and sewage treatment projects.

Differentiator

Problem solved

Functional benefit

Products and services

• MEGALITE Handset Panel Formwork
• Garage Beam System
• ALUPROP Forming System
• KSP Shaft Platform
• BMK Climbing Bracket
• MEGAFRAME Shoring System
• Forming Systems (Wall, Column, Climbing, Bridge, Tunnel)
• Shoring Systems (Slab Formwork, Post Shores, Timber Beams H20)
• Climbing Systems
• ULMA Studio (BIM/Revit Digital Planning Service)
• myULMA Customer Portal
• Forming and Shoring Sales
• Forming and Shoring Rentals

Quantifiable outcome

• Labor reduction of up to 50% using MK20 FORM system with pre-assembled components

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability1 record

Feature9 records

Partnerships

One partnership is on record.

• RJL ConcretecoreStrategic or Co-development Partner · 12 February 2026ULMA collaborated with RJL Concrete on the University Living Now Modern student housing development project in Orlando, Florida. ULMA supplied MEGAFRAME and MEGALITE forming and shoring solutions for the 304,969 sqft, 5-floor development with 177 units. This partnership demonstrates ULMA's project-based collaborative approach with contractors.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• PERI Group: Germany-based global leader in formwork and scaffolding with the most comparable product portfolio to ULMA across handset, climbing and shoring systems, sold and rented to construction contractors worldwide.
• Doka: Austrian formwork manufacturer (part of Umdasch Group) directly competing with ULMA in wall, slab, climbing and infrastructure formwork with a similar sales-and-rental business model.
• Hünnebeck (BrandSafway): European formwork and shoring brand owned by BrandSafway; competes head-to-head with ULMA on rental fleets and engineered forming systems for buildings and infrastructure.
• EFCO: US-based concrete forming and shoring specialist serving commercial, industrial and infrastructure markets with both sales and rental — directly overlapping with ULMA's US and global offerings.
• Acrow Formwork: Formwork rental and engineering provider with strong US and emerging-market presence; competes with ULMA on rental-driven commercial and infrastructure projects.
• Aluma Systems: North American formwork manufacturer and rental company specializing in handset and flying form systems for high-rise and bridge construction — comparable to ULMA's MEGALITE and climbing product lines.
• MEVA Formwork Systems: German formwork manufacturer with a globally comparable product portfolio in wall, slab and climbing systems; competes directly with ULMA in Europe, Middle East and Americas.
• RMD Kwikform: UK-headquartered formwork, shoring and ground shoring supplier with global operations; directly overlaps with ULMA in infrastructure and high-rise shoring rentals.
• Layher: German scaffolding and shoring systems manufacturer; closely comparable to ULMA on the shoring and access scaffolding side (e.g., BRIO, MEGAFRAME) with similar sales-and-rental channels.

Broad incumbents

• BrandSafway: Large North American access, scaffolding and formwork services conglomerate (parent of Hünnebeck); broader portfolio than ULMA but a meaningful incumbent competitor in shared commercial and infrastructure accounts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/constructionulma
• LinkedInlinkedin.com/company/ulma-cye

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about ULMA