APS

What APS does

APS is an Italian engineering services firm founded in 1997 in Rome, providing integrated engineering solutions across the full project lifecycle — from feasibility studies and FEED through detailed engineering, procurement, and construction management (EPC/EPCM) — for clients in oil & gas, petrochemicals, and sustainable energy. The company operates through four core service lines (Engineering, Procurement, Construction, Project Management) and three primary business areas: Green Process (eco-fuels, bio-polymers, biorefineries, biomethane, plastic recycling), Petrochemical (Synthetic Rubber / SBR plants), and Oil & Gas (refining, gas compression, treatment, storage). Its delivery model is project-based, B2B, and enterprise-oriented, with revenue generated primarily through lump-sum turnkey EPC contracts, FEED studies, PMC engagements, and EPCM services negotiated bilaterally with major industrial clients.

APS traces its technical lineage to CTIP, Italy's first engineering and contracting company (founded 1934), and has built a multidisciplinary team across chemical, mechanical, piping, electrical, instrumental, and civil engineering disciplines. Notable commercial milestones include the world's first bio-refinery conversion from a traditional refinery with Eni (launched 2014, APS participating since 2012), a $624 million SACE-guaranteed EP contract for Tüpraş Refinery in Turkey (2011), and entry into Synthetic Rubber plant design in 2013. In 2022 the company reorganized under APS Evolution Group, coordinating APS Designing Energy (Italy) and KTI Poland, and in 2024 was 100% acquired by KT – Kinetics Technology, a subsidiary of MAIRE S.p.A. (listed on the Milan Stock Exchange, ~10,800 employees, operations in ~50 countries). APS operates from Rome with a Polish engineering footprint and reports 251–500 employees; no standalone revenue figure is disclosed in the available data.

Name

APS

Legal name

APS

Website

https://aps.it

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

251–500 employees

Short description

APS is an Italian engineering firm (founded 1997, Rome) delivering integrated EPC, FEED, and PMC services across oil & gas, petrochemical, and green process projects. It is a wholly owned subsidiary of KT – Kinetics Technology within MAIRE S.p.A., serving enterprise energy clients internationally.

Ownership category

akta.pro rank

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC Contracts: Engineering, Procurement, and Construction contracts for large-scale industrial projects including refineries, petrochemical plants, and bio-refineries. Revenue is generated through lump-sum turnkey and EP (Engineering Procurement) contracts.
2. FEED Services: Front-End Engineering and Design services provided to clients for project development and planning phases.
3. PMC Services: Project Management Consulting services for overseeing and coordinating complex industrial projects.
4. EPCM Services: Engineering, Procurement, and Construction Management services, particularly for gas sector projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

APS provides integrated engineering services for the energy transition, covering all project phases from feasibility studies and process studies to FEED, detailed engineering, procurement, construction management, and full EPC lump-sum turnkey execution. Core capabilities span green process solutions (bio-refineries, eco-fuels, plastic recycling), petrochemical solutions (synthetic rubber/SBR plants), and oil & gas solutions (refining, gas processing, compression, storage), delivered through a multidisciplinary team of chemical, mechanical, piping, electrical, instrumental, and civil engineers.

Product overview

APS is an engineering services company providing integrated engineering solutions for the energy transition. The company operates through four core service offerings: Engineering Services (feasibility studies, BED, FEED, Detailed Engineering), Procurement Services, Construction Services, and Project Management Services. APS serves three primary business areas: Green Process Solutions (eco-fuels, bio-polymers, biorefineries, plastic recycling), Petrochemical Solutions (Synthetic Rubber Plants, SBR solutions), and Oil & Gas Solutions (refining, gas processing, compression). The company was acquired 100% by KT – Kinetics Technology (MAIRE) in 2024 and operates under APS Evolution Group for strategic coordination of its Italian and Polish operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Engineering Services Provides integrated engineering solutions for greenfield and brownfield projects including feasibility and process studies, BED, FEED, and Detailed Engineering design, delivered by a multidisciplinary team for oil, gas, petrochemical, and sustainable energy clients.
• Procurement Services Provides cost-effective purchasing decisions, purchasing, site inspection, shipping, transportation, and management of long lead items for industrial project clients.
• Construction Services Provides Construction Management and Supervision services, subcontracting to local construction companies for industrial project execution.
• Project Management Services Provides Team Management, Project Management Consulting (PMC), and cost estimation at every project stage for complex industrial projects.
• Green Process Solutions Focuses on eco-fuels (green diesel, naphtha), bio-polymers, biorefineries, hydrotreatment, biomethane production from biogas, and plastic recycling engineering for sustainable energy design.
• Petrochemical Solutions Designs and realizes Synthetic Rubber Plants including SBR (Styrene Butadiene Rubber) solutions, working with different licensors from FEED to EPC for petrochemical clients.
• Oil & Gas Solutions Provides services for Oil Processing, Pumping Stations, Refining, Gas Gathering and Treatment, Gas Compression Stations, and Storage for oil and gas sector clients.

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• EnicoreStrategic or Co-development Partner · 1 January 2014APS participated in the world's first bio-refinery converted from a traditional refinery project, launched by Eni in 2014. APS had been working since 2012 on developing innovative solutions for bio-polymers production plants and biorefineries as part of this partnership.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Saipem: Italy-headquartered global oil & gas EPC and drilling contractor. Directly comparable to APS in refining, gas, and petrochemical engineering services, with a much larger international footprint.
• TechnipFMC: Global technology and EPC provider serving upstream, refining, and petrochemical clients. Comparable to APS in delivering integrated engineering solutions for energy infrastructure projects.
• Petrofac: UK-listed EPC and operations services provider focused on oil & gas, refining, and petrochemicals. Closely comparable business model to APS, including lump-sum EPC and FEED capabilities.
• Worley: Australia-headquartered engineering and project delivery firm focused on energy, chemicals, and resources. Comparable to APS in delivering feasibility, FEED, and EPCM services for downstream energy projects.
• Wood Group: UK-headquartered engineering and consulting firm serving oil & gas, refining, and petrochemicals. Comparable to APS in integrated engineering, project management, and energy-transition services.
• Fluor Corporation: US-headquartered global EPC firm serving energy, chemicals, and infrastructure markets. Comparable to APS in delivering large-scale lump-sum EPC contracts for refineries and petrochemical plants.
• McDermott International: Global provider of engineering, procurement, construction and installation services for the energy industry. Comparable to APS in delivering integrated EPC solutions for oil & gas infrastructure.

Broad incumbents

• KT – Kinetics Technology: MAIRE Group subsidiary and direct acquirer of APS in 2024; delivers process technology and EPC execution in downstream energy, chemicals, and fertilizers. Comparable offering but as a larger parent platform within the same group.
• Maire Tecnimont: MAIRE Group's flagship integrated E&C subsidiary, focused on large-scale petrochemical, fertilizer, and refining projects. Sister company of APS within MAIRE, with overlapping capabilities but at much greater scale.

Others

• NextChem: MAIRE Group subsidiary specializing in sustainable technology solutions, including green chemistry and circular economy. Adjacent to APS's bio-refinery and plastic-recycling expertise as a sister company targeting the energy transition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 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 APS