What TPS Group does

TPS Group (T.P.S. S.p.A.) is an Italian engineering and technical services group founded in 1964 in Gallarate, Italy, and listed on the AIM market of Borsa Italiana since 28 March 2017 under ticker TPS (ISIN IT0005246142). The group operates six structured business units — Aviation Mission Equipment, Technical Publishing and Training, Design and Cost Engineering, Information Technologies and Avionic Services, Production and Assembly, and Digital Content Management — supported by 13 wholly-owned subsidiaries including EMTB (precision mechanics and gearboxes) and Satiz TPM (technical publishing), with a stated workforce of over 670 professionals across 17 locations (13 in Italy and 4 abroad: Switzerland, Poland, the USA, and Morocco). Revenue for 2024 was disclosed at €150 million on the group's homepage.

The group serves regulated industrial sectors — principally aerospace and defence, automotive and special vehicles, energy, and ropeway systems — through deep specialization that combines regulatory-certified design, manufacturing, and training capabilities. Technical assets include patented Powershift and Full Powershift gearbox architectures (4 or 5 clutches), Selective Laser Melting (SLM) additive manufacturing for aerospace-grade alloys, EASA Part 145 and Part 147 maintenance and training certifications, EN 9100 aerospace quality, and proprietary AR/VR/MR immersive simulators. The Production and Assembly unit operates under DOA (21J.622) and POA Sub Part G (IT.21G.0069) certifications, and the Technical Publishing and Training unit includes EASA Part 147 certified aviation maintenance licensing.

TPS Group earns revenue primarily through professional engineering and technical services (consulting, design, simulation, certification, technical documentation) and complementary hardware sales (aircraft modification kits, precision mechanical components). Authorized dealer relationships with Garmin (avionics) and Textron brands (Cessna, Beechcraft, Bell), plus direct enterprise sales to aerospace, defence, automotive, and energy operators, drive distribution. Pricing is project-based on multi-year enterprise contracts with no published standard tiers; R&D reinvestment is targeted at 2.5% of annual revenue. The group's expansion has been predominantly inorganic since the IPO, including acquisitions of Stemar (2017), E.M.T.B. (2019), Air Support International (80%, 2021), and HB Technology (2023).

Name

TPS Group

Legal name

T.P.S. S.p.A.

Website

https://tps-group.it

Company type

Public

Founded year

1964

Operating status

Operating

Headcount range

501–1,000 employees

Short description

TPS Group is an Italian engineering and technical services group providing certified design, manufacturing, training, and digital solutions across aerospace, defence, automotive, energy, and ropeway sectors. Listed on AIM Italia since 2017, it operates through six business units with 670+ specialists across 17 locations.

Ownership category

akta.pro rank

Product category

Industrial Engineering Services

NAICS

Engineering Services (54133), Custom Computer Programming Services (541511)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Systems Engineering & Technical Program Management (BPAHAIAI)

Keywords

• Engineering services
• Aerospace modifications
• Technical publishing
• Additive manufacturing
• Digital content management

Headquarters

HQ city

Lombardi

HQ country

Italy

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Engineering and Technical Services: Engineering consulting, design services, technical publishing, IT and avionics services delivered directly to industrial clients in aerospace, automotive, defence, energy, and other sectors. Services include product development, analysis, simulations, software development, and technical documentation.
2. Aircraft Modification and Equipment Sales: Design and production of aircraft modifications including medical kits, aerial work kits, avionic kits, and customization kits for helicopters, aircraft, and UAVs. Includes DOA and POA certified solutions.
3. Precision Mechanical Components: Design and manufacturing of precision mechanical components and systems including certified devices for aerospace sector equipment installation and automatic transmissions for agricultural vehicles.
4. Technical Training Services: EASA Part 147 certified training, technical training programs, eLearning solutions, and multimedia training materials for aerospace and industrial sectors.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

TPS Group is a B2B industrial engineering services provider delivering high-value technical services, integrated engineering projects, specialized IT/avionics developments, and digital solutions to aerospace, automotive, defence, and energy clients. Core activities span aircraft modifications (medical, aerial work, avionic kits under DOA/POA), technical publishing and EASA Part 147 training, design and cost engineering (FEM analysis, gearbox design, precision mechanics), information technologies and avionic services (embedded software, Test Program Sets), production and assembly (SLM additive manufacturing, harness engineering, Part 145 maintenance), and digital content management (AR/VR/MR immersive simulators and multimedia learning).

Product overview

TPS Group is a multi-business-unit engineering and technical services company organized into six distinct business units: Aviation Mission Equipment (aircraft modifications, medical kits, aerial work kits), Technical Publishing and Training (documentation, EASA training), Design and Cost Engineering (product/process engineering, simulations), Information Technologies and Avionic Services (software development, avionics integration), Production and Assembly (additive manufacturing, aerospace assembly), and Digital Content Management (AR/VR, immersive simulators, multimedia learning). The group also operates subsidiaries including EMTB (specializing in gearbox and powertrain engineering). Services range from design through certification, production, and training, serving aerospace, automotive, defense, energy, and industrial sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Aviation Mission Equipment (AME) Aviation Mission Equipment (AME) is the TPS Group business unit for the design and production of aircraft modifications including medical kits (HEMS interiors, neonatal transport, cold chain), aerial work kits, avionic kits, and customization solutions for helicopters, aircraft, and UAVs. It operates under EASA Design Organisation Approval (DOA) and Production Organisation Approval (POA) and serves civil and military aviation operators.
• Technical Publishing and Training Technical Publishing and Training delivers Integrated Logistic Support (ILS) data, process and standards management, technical regulations compliance, and technical documentation including Technical Manuals and Spare Parts Catalogues adapted to customer operational workflows. The unit operates the EASA Part 147 certified Aviotrace Swiss training organization for Aircraft Maintenance License issuance, with eLearning, AR/VR-based, and multimedia training solutions.
• Design and Cost Engineering Design and Cost Engineering provides product and process engineering, FEM analysis and simulations, cost engineering, and precision mechanics and gearbox design. The unit serves aerospace, automotive, special vehicle, agricultural machinery, and industrial equipment customers with FEA/CFD consulting and industrialized design-to-cost services.
• Information Technologies and Avionic Services Information Technologies and Avionic Services delivers software development and avionics integration for aerospace clients, including embedded software for flight and mission simulators, Test Program Sets (TPS), avionics systems integration, and web-based workflow automation applications.
• Production and Assembly Production and Assembly provides aerospace manufacturing services including Selective Laser Melting (SLM) additive manufacturing of high-complexity components in aluminium, stainless steel, titanium, and nickel-based alloys, harness engineering, ground support equipment (GSE), aeronautical assembly, and EASA Part 145 certified maintenance and avionic upgrade services.
• Digital Content Management Digital Content Management provides digital communication, 3D and visual content for product design, Augmented Reality, Virtual Reality and Mixed Reality applications, certified immersive VR/MR simulators for advanced aerospace training, and multimedia learning solutions accessible on multiple devices.
• EMTB Gearbox and Complex Systems Design EMTB is the TPS Group engineering subsidiary operating from Bolzano and Piacenza delivering complex systems design for agricultural machinery, special vehicles, equipment, and ropeway systems. It provides proprietary patented Powershift and Full Powershift gearbox architectures (4-5 clutch configurations) with compact designs up to 500mm (4CT) and 700mm (5CT), along with product engineering, process engineering, and FEA/CFD consulting services.
• TPS Training Academy TPS Training Academy is the Group's professional development center offering technical training programs in avionics, mechanics, software systems, CAD, and cybersecurity for junior and mid-level engineers.
• Medical Kit Solutions Medical Kit Solutions are DOA/POA-certified aircraft modification kits including HEMS interiors, medical racks, neonatal transport systems, and cold chain medical transport kits for helicopter platforms AW139, AW169, AW189, and A109S Trekker.
• Aerial Work Kit Solutions Aerial Work Kit Solutions are DOA/POA-certified kits including utility pole installation systems, multi-sensor pods, magnetometer systems, human external cargo hooks, and basket systems for aerial work operations.
• Certified Immersive Simulator Certified Immersive Simulator is a VR/MR-based simulation experience with customized physical mock-ups, featuring real-time telemetry acquisition, spatial tracking, gesture recognition, and official certification for advanced aerospace training per international regulatory standards.

Quantifiable outcome

• Components in aluminium, titanium, and Inconel manufactured with SLM additive manufacturing
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• GarmincoreChannel Partner/ Reseller/ DistributorAuthorized dealer for Garmin avionics and STC (Supplemental Type Certificate) installations on aircraft. Qualified to install complex components and STCs on new and in-service aircraft.
• Textron (Cessna, Beechcraft, Bell)coreChannel Partner/ Reseller/ DistributorAuthorized dealer for Textron aircraft brands including Cessna, Beechcraft, and Bell. Qualified to install complex components and STCs on both new and in-service aircraft.
• ChangfaminorStrategic or Co-development PartnerPartnership announced in 2020 for agricultural machinery development - Changfa is a Chinese agricultural equipment manufacturer.
• Audirevi S.p.A.coreOthersExternal auditing firm for TPS Group financial statements and consolidated reports.
• Associated Legal Firm (Simmons & Simmons LLP)coreImplementation/ SI/ Consulting PartnerLegal advisor for TPS Group, operating in association with Simmons & Simmons LLP for corporate legal matters.
• Air Support InternationalminorStrategic or Co-development PartnerAcquired 80% stake in July 2021, expanding TPS Group's capabilities in international aerospace support services.
• HB TechnologyminorStrategic or Co-development Partner100% acquisition completed in June 2023, strengthening TPS Group's technology and engineering capabilities.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Alten SA: Alten is a European engineering and technology consulting firm providing outsourced R&D services to aerospace, automotive, defence, and industrial clients. Like TPS Group, it generates revenue from multi-year engineering consulting engagements and operates across multiple European geographies with hundreds to thousands of specialists per major account.
• AKKA Technologies: AKKA Technologies (now part of Adecco Group) is a European engineering and digital services provider serving aerospace, automotive, defence, and industrial markets. AKKA's business model of certified engineering staffing, technical consulting, and systems integration closely mirrors TPS Group's professional services revenue stream.
• RINA S.p.A. RINA is an Italian certification, testing, inspection, and engineering consultancy serving marine, energy, transport, and industrial sectors. It shares TPS Group's Italian base, regulated-industry certifications focus, and engineering services revenue model, though at substantially larger scale.
• Bertrandt AG: Bertrandt is a German engineering services partner to the automotive and aerospace industries, providing design, simulation, prototyping, and series-production support. Its focus on automotive drivetrain and aerostructure engineering parallels TPS Group's Design and Cost Engineering and EMTB gearbox business.
• TXT e-solutions S.p.A. TXT e-solutions is an Italian technology services company providing software engineering, aerospace & defence solutions, and digital content management. Like TPS Group, it serves aerospace clients with IT services and is listed on the Italian Stock Exchange with similar revenue scale and customer mix.

Broad incumbents

• Capgemini Engineering: Capgemini Engineering (formerly Altran) is a global leader in engineering services and R&D, offering digital and systems engineering to aerospace, automotive, and industrial clients. As a much larger incumbent, it competes with TPS Group on enterprise engineering services but at broader scale and with deeper digital/IT capability.
• Reply S.p.A. Reply is a larger Italian technology consulting and digital services group with aerospace, automotive, and industrial practice areas. While broader in IT consulting scale, it shares TPS Group's Italian listing, vertical specialization across regulated industries, and digital content services capabilities.
• TÜV SÜD: TÜV SÜD is a global testing, inspection, certification, and training provider with a strong industrial services practice including aerospace and automotive certification. Its training and certification revenue model is directly comparable to TPS Group's EASA Part 147 and ISO/IEC 27001 certified services.

Others

• Avio Aero: Avio Aero (a GE Aerospace business) is an Italian aerospace propulsion manufacturer with R&D and engineering operations in Italy. Although Avio Aero is an OEM rather than a services peer, it represents the same Italian aerospace ecosystem that TPS Group serves, with overlapping talent pools and customer relationships.
• Piaggio Aerospace: Piaggio Aerospace is an Italian aircraft manufacturer (P.180 Avanti) and MRO provider with engineering services and certification capabilities. While primarily an OEM, it operates in the same Italian aerospace cluster as TPS Group and represents a potential customer or competing services provider for mission equipment and avionics modifications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/grouptps
• Instagraminstagram.com/tpsgroupcompany_

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about TPS Group