Name

Martifer Group

Legal name

Martifer SGPS, S.A.

Website

https://martifer.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Oliveira De Frades

HQ country

Portugal

HQ region

Europe

Offices10 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. Metal Construction: Revenue from the design, fabrication, and assembly of steel structures, aluminium and glass facades, and industrial infrastructure for large-scale construction projects such as airports, stadiums, office buildings, bridges, and energy infrastructure.
2. Naval Industry: Revenue from shipbuilding (construction of naval vessels, cruise ships, patrol boats, expedition vessels, river cruise ships), ship repair, and ship conversion (e.g., LNG conversion). The West Sea shipyard builds vessels to order for domestic and international clients.
3. Renewables & Energy: Revenue from development, construction and sale of wind and solar farms (asset rotation model), operation and maintenance services for renewable energy and industrial plants, and energy infrastructure mounting. Martifer Renewables has developed over 1.5 GW across multiple geographies and manages 440 MW in O&M.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Martifer Group is a multinational industrial holding company that designs, manufactures and assembles steel and aluminium structures (Martifer Metallic Constructions), builds, repairs and converts naval vessels (West Sea shipyard), and develops, constructs and operates wind and solar renewable energy projects (Martifer Energia). The group operates industrial facilities in Portugal, Romania, Angola and Mozambique with capacity exceeding 32,000 tonnes/year of steel, 100 wind towers/year and 140,000+ m²/year of facades, and serves enterprise clients across infrastructure, naval and energy sectors in 10 countries.

Product overview

Martifer Group is a multinational industrial holding company operating three core business divisions: (1) Martifer Metallic Constructions - providing steel construction and aluminium/glass facade solutions for complex infrastructure projects globally; (2) West Sea Naval Industry - shipbuilding, repair and conversion at its Viana do Castelo shipyard; and (3) Martifer Energia - renewable energy development (wind/solar) and industrial operation & maintenance services including the GreenH2Atlantic green hydrogen project. The group also maintains significant manufacturing capacity across four countries for steel structures, wind towers, and facade systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Martifer Metallic Constructions (steel structures and facades) Design, fabrication and assembly of structural steel and bespoke aluminium/glass facades for complex infrastructure projects such as airports, stadiums, hospitals, hotels, offices, bridges, industrial facilities and energy infrastructure. Serves construction firms, JVs, real estate developers and architectural practices.
• West Sea — Naval Construction, Repair and Conversion Shipbuilding, repair and conversion of medium and large vessels (up to 37,000 tonnes, 190m length, 29m beam) at the Viana do Castelo shipyard, including ocean patrol vessels, polar expedition cruise ships, river cruise vessels, luxury cruise ships and LNG-fuel conversions. Serves navies, cruise operators and shipping companies.
• Martifer Energia — Renewable Energy Development and O&M Development, construction and sale (asset rotation) of wind and solar farms, plus operation and maintenance services for third-party renewable assets and industrial plants (refineries, petrochemical, nuclear). Includes participation in offshore wind tenders and hydrogen production (GreenH2Atlantic). Serves energy companies, utilities, IPPs and industrial operators.
• Industrial Manufacturing & Fabrication Capacity (metal structures, wind towers, facades) Industrial manufacturing services delivered through wholly-owned plants in Portugal, Romania, Angola and Mozambique producing 32,000+ tonnes/year of metallic structures, 100 wind towers/year at Oliveira de Frades, and 140,000+ m²/year of curtain walls and cladding systems. Capacity is offered as the production backbone supporting Martifer's project deliveries.
• GreenH2Atlantic Green Hydrogen Project (Sines, Portugal) Consortium-developed 100 MW green hydrogen production facility in Sines, Portugal, in which Martifer participates as a project partner (engineering, fabrication and industrial services). Addresses decarbonisation and renewable hydrogen production for industrial offtakers.

Quantifiable outcome

• 36+ years of proven experience delivering complex projects
• +7 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Ocean WindscoreStrategic or Co-development Partner · 24 July 2024Ocean Winds (50-50 joint venture between EDP Renewables and ENGIE, a global leader in offshore wind) and Martifer Renewables & Energy formed a strategic partnership to jointly participate in Portugal's first offshore wind auction. The partnership combines Ocean Winds' international offshore wind development and operations experience (including the WindFloat Atlantic floating offshore wind farm) with Martifer's deep knowledge of the Portuguese market and industrial capabilities.
• GreenH2Atlantic ConsortiumcoreStrategic or Co-development PartnerMartifer is part of the GreenH2Atlantic consortium developing a 100 MW green hydrogen production facility in Sines, Portugal. The consortium includes EDP, Galp, ENGIE, Bondalti, Vestas Wind Systems A/S, McPhy, Efacec, ISQ, INESC-TEC, DLR, CEA, and Axelera cluster. The project received PIN (Strategic Interest) status from AICEP and €30M in Horizon 2020 EU funding.
• Martifer Amal (Mozambique)minorStrategic or Co-development PartnerMartifer Amal was created in partnership in Mozambique as part of Martifer's international expansion into Sub-Saharan Africa. The partnership supports the execution of industrial construction projects in the region, including the Galp bulk liquid storage terminal in Beira.

Scale indicators16 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• Fincantieri: Italy-headquartered global cruise and naval shipbuilder, the largest in Europe, operating shipyards comparable in scale to West Sea. Directly comparable to Martifer's West Sea division on both cruise ship newbuilds (similar to Ryobi/Mystic Cruises work) and naval/military vessels (Portuguese Navy NPO).
• Severfield: UK-listed structural steel contractor that fabricates and installs steel structures for major infrastructure, commercial, and industrial projects. Directly comparable to Martifer Metallic Constructions on scope of work (steel fabrication for airports, stadiums, commercial buildings) and customer type (tier-1 contractors).
• Chantiers de l'Atlantique: French cruise ship and naval vessel builder (Saint-Nazaire shipyard). Direct cruise-ship peer to West Sea, operating at similar scale of large-vessel newbuilds for international cruise operators.
• Meyer Werft: German private shipbuilder specializing in complex cruise and expedition vessels. Direct comparable to West Sea's niche in expedition cruise ships such as the Mystic Cruises World Explorer and high-spec luxury cruise vessels like the Ryobi contract.
• Navantia: Spanish state-owned naval shipbuilder with shipyards for military and commercial vessels, including patrol boats and frigates. Direct peer to West Sea on naval/defense work (e.g., Portuguese NPO class) and competes in the same European naval market.
• Waagner-Biro Stage Systems: Austrian-headquartered steel engineering and construction specialist with global projects in steel structures, facades, and stage engineering. Comparable to Martifer Metallic Constructions on bespoke steel and facade engineering for complex architectural projects (e.g., EDP headquarters, Bilbao Museum).

Broad incumbents

• EDP Renováveis: Portuguese-headquartered global renewable energy developer — Martifer Renewables' closest peer on onshore wind asset rotation, and a key customer/partner (Ancora Wind, 171.6 MW) and consortium member (GreenH2Atlantic, Ocean Winds JV partner).
• Voestalpine: Austrian-headquartered steel manufacturer with downstream construction and railway infrastructure businesses. Overlaps with Martifer on high-grade steel processing (AARM 4.0 R&D) and steel structure fabrication, though much larger and more vertically integrated.
• ArcelorMittal: Global steel manufacturer whose structural steel products feed the construction supply chain. Provides input materials for Martifer's steel-structure fabrication business and represents the upstream boundary of Martifer's value chain.

Regional players

• Acciona Energía: Iberian-based renewable energy developer with wind/solar and emerging hydrogen projects. Comparable geographic and asset-rotation strategy to Martifer Renewables, though operating at much greater scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 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 Martifer Group