IME Group

What IME Group does

IME Group (legal entity: IME – Industrie Meccaniche Elettriche S.p.A.) is a privately held Italian industrial group headquartered in Urgnano (Bergamo), operating across a 25,000+ square meter facility that is fully powered by an on-site photovoltaic system. The group is structured around two core subsidiaries: ImeQuadri Duestelle S.p.A., which designs and manufactures electrical switchboards and equipment, and ImeMont S.r.l., which engineers and constructs complete electrical plants across high, medium, and low voltage. A third entity, IME Romelectrica S.r.l., operates from Bucharest as the group's international sales and services arm in Romania.

The group's product portfolio covers LV switchboards, MV switchboards, MV electrical equipment, transformation cabins (cabine di trasformazione), and full substation and industrial plant installations. Its most recent product, MINIBLOC AIR — an SF6-free medium-voltage switchgear introduced in 2024–2025 — positions the company in the environmentally sustainable switchgear segment as European regulations tighten on SF6 insulating gas. Manufacturing is carried out in Italy, with customization a recurring design feature across the product lines. The group also participates in industry events such as KEY ENERGY and maintains a multilingual corporate site (Italian, English, French).

Commercially, IME Group generates revenue through two streams: hardware sales of finished switchgear products to industrial customers, and professional services revenue from engineering and construction of electrical plants. Pricing is not publicly disclosed and is handled via custom quotations per specification. The go-to-market model combines direct sales from Italian headquarters (Urgnano and Monza) for domestic customers with an international agency channel — Conelse Ingenieria in Chile, PROLEC Group in Lebanon, and MEISCO Energy in the UAE — supplemented by the Romanian sales entity. End customers are concentrated in four verticals: Energy & Utilities, Industry, Oil & Gas, and Infrastructures and Research Centres. The group has operated for over 60 years (founded 1963), is privately held with no disclosed venture or institutional ownership, and does not publish financial results.

Name

IME Group

Legal name

IME – INDUSTRIE MECCANICHE ELETTRICHE S.P.A.

Website

https://imequadriduestelle.it

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

51–100 employees

Short description

IME Group is an Italian, privately held manufacturer of LV and MV electrical switchboards, transformation cabins, and turnkey substations, serving energy, industrial, oil & gas, and infrastructure customers through two subsidiaries (ImeQuadri and ImeMont) and international sales agencies.

Ownership category

akta.pro rank

Product category

Electrical Switchgear Manufacturing

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313)

SIC

Switchgear & Switchboard Apparatus (3613), Electrical Industrial Apparatus (3620), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

High-Voltage (HV) Substations & AIS Switchgear (EUADACAA)

Keywords

• Low voltage switchboards
• Medium voltage switchgear
• Electrical plant engineering
• Power distribution systems
• Industrial switchboard manufacturing

Headquarters

HQ city

Urgnano

HQ country

Italy

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Electrical Switchgear Manufacturing: Design and production of LV switchboards, MV switchboards, MV equipment, and transformation cabins sold as finished products to industrial customers
2. Electrical Plant Engineering and Construction: Engineering and construction of electrical plants in high, medium and low voltage for industrial facilities

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

IME Group is an Italian electromechanical manufacturer that designs, produces, and installs low voltage (LV) and medium voltage (MV) switchboards, MV equipment, and transformation cabins for industrial customers. Through its two core subsidiaries — ImeQuadri (manufacturing) and ImeMont (engineering and construction) — the Group delivers comprehensive electrical plant solutions across high, medium, and low voltage for energy, utilities, industrial, oil & gas, and infrastructure sectors.

Product overview

IME Group is an Italian electromechanical company headquartered in Urgnano (BG), operating across a 25,000+ square meter facility powered by its own photovoltaic system. The Group consists of two main subsidiaries: ImeMont (engineering and construction of electrical plants in high, medium, and low voltage) and ImeQuadri (design and production of electrical switchboards and equipment). The core product portfolio includes LV Switchboards, MV Switchboards, MV Equipment, and Cabins (transformation cabins). Recent product development includes the MINIBLOC AIR, an MV SF6-free switchgear. The Group serves markets including Energy & Utilities, Industry, Oil & Gas, and Infrastructures.

Differentiator

Problem solved

Functional benefit

Brands

• ImeQuadri: Design and production of electrical switchboards and equipment including LV switchboards, MV switchboards, MV equipment, and transformation cabins
• ImeMont

Products and services

• LV Switchboards Design and manufacture of LV (Low Voltage) switchboards, cabinets, and modular metal containers adaptable to each installation. Sold to industrial customers across energy, utilities, oil & gas, and infrastructure sectors.
• MV Switchboards Design and manufacture of MV (Medium Voltage) panels combining safety, reliability, and energy efficiency. Suitable for industrial and infrastructure applications.
• MV Equipment Design and construction of MV electrical equipment produced in Italy, suitable for installation on MV switchgear. Targets industrial facilities requiring medium voltage components.
• Transformation Cabins (Cabine di Trasformazione) Highly versatile structures designed to accommodate MV/LV electrical equipment, suitable for industrial installations. Provide enclosed housing for power transformation equipment.
• MINIBLOC AIR MV SF6-free switchgear that entered production in 2025, providing an environmentally sustainable medium voltage switchgear solution for industrial applications.
• Substations Installation Engineering and construction of substations for energy transmission and distribution. Delivered to industrial customers requiring high, medium, and low voltage power infrastructure.
• Industrial Plant Installations Engineering and construction services for industrial electrical plant installations covering high, medium, and low voltage. Serves industrial facilities, manufacturing sites, and infrastructure projects.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered minor.

• Conelse Ingenieria y Equipos LtdaminorChannel Partner/ Reseller/ DistributorInternational sales agency representing IME Group in Chile. Located at Los Leones 2532 of 401 Providencia, Santiago Chile. Contact: Ing. Carlos Gasparini.
• PROLEC GROUP S.A.R.LminorChannel Partner/ Reseller/ DistributorInternational sales agency representing IME Group in Lebanon. Located in Jounieh, Lebanon. Contact: Mr. Fadi Skayem, General Manager.
• MEISCO Energy & Industrial Services Company L.L.C.minorChannel Partner/ Reseller/ DistributorInternational sales agency representing IME Group in UAE. Located in Abu Dhabi, U.A.E. Contact: Mr. Salah Al Nowais, Managing Director.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• ABB: Global leader in electrification, with a comprehensive switchgear and substation portfolio (LV, MV, HV) serving utilities, industry, and infrastructure. Comparable to IME Group across MV switchboards and substation installations, but operates at vastly greater scale with global manufacturing and service footprint.
• Schneider Electric: One of the largest global manufacturers of LV/MV switchgear and electrical distribution equipment, with extensive presence in industrial and energy markets. Directly overlaps with IME's LV/MV switchboard and substation business but serves customers through standardized product platforms at much higher volume.
• Siemens: Global industrial conglomerate with a broad electrification portfolio including MV switchgear (e.g., 8DJH/8DA families), substations, and industrial plant installations. Comparable to IME in MV/LV equipment scope and serving similar energy, industrial, and infrastructure customers.
• Eaton: US-headquartered power management company with a substantial European switchgear presence, producing MV/LV switchboards, panelboards, and substation solutions. Closely comparable to IME in product categories and industrial/utility customer overlap.
• Legrand: French-headquartered global specialist in electrical and digital building infrastructure, with LV distribution and switchgear offerings. Comparable in European industrial/customer base and Italian market presence through BTicino, though broader in scope.
• ABB (formerly GE Industrial Solutions): Note: ABB acquired GE Industrial Solutions in 2018; the legacy product lines continue to compete in MV/LV switchgear for industrial and infrastructure customers. Comparable to IME on product lines but with global scale and broader portfolio.

Direct peers

• Hager Group: European (German/French) family-owned manufacturer specializing in LV switchgear, distribution boards, and modular enclosures for industrial and commercial buildings. Comparable mid-sized European peer to IME in the LV switchboard and enclosures space, with similar customization focus.
• Socomec: European (French) family-owned specialist in LV switchgear, power switching, and energy management for industrial and infrastructure applications. A comparable mid-sized European peer to IME with similar focus on critical-power and custom industrial solutions.
• Gewiss: Italian-headquartered manufacturer of LV electrical equipment, distribution boards, and industrial enclosures. Most direct geographic and product peer to IME in Italy, with overlapping LV switchboard portfolio and similar industrial customer focus.
• Tavrida Electric: International manufacturer of MV vacuum switchgear and solid-state solutions, with growing focus on SF6-free MV equipment. Comparable emerging/established peer in MV switchgear with similar technology transition toward environmentally compliant alternatives.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

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 IME Group