What ISOLFIN Group does

ISOLFIN Group is an Italian-headquartered industrial services company founded in 1961 in Genoa by Sergio Galli and currently led by CEO Marco Nori. The group operates as an integrated platform for the design, construction, and maintenance of petrochemical, energy, and naval facilities, delivering insulation (thermal, acoustic, and fireproof), asbestos removal, access management via owned scaffolding, blasting and anti-corrosion painting, non-destructive testing, and mechanical installation services. Headquartered in Rome with operational headquarters in Ravenna, the group employs roughly 350 staff in Italy and approximately 700 worldwide, with wholly-owned subsidiaries in Switzerland (ISOLFIN Holding SA), Romania (ISOLFIN Marine Services S.R.L.), and Russia (ISOLFIN Russia LLC), and active project execution across Europe, the Middle East, Asia, and Africa.

ISOLFIN generates revenue through three streams: (i) long-term multi-specialist maintenance contracts with energy and refining majors such as Eni, Enel, Saras, EDF, and Saudi Aramco; (ii) project-based EPC and construction work for shipbuilders and EPC firms including Fincantieri, Royal Caribbean, Carnival, Costa Crociere, Chantiers de l'Atlantique, Saipem, and Rosetti Marino; and (iii) one-time specialized services such as COVID-19 workplace sanitization and CO2 reduction studies. The company has expanded its product surface with the patented SaniBox modular sanitization station (2020), Induct/AP500/AS200 air sanitization devices via Saba Technology, and a 2021 partnership with H2-Industries to deploy LOHC hydrogen storage and distribution at client sites.

ISOLFIN's go-to-market is exclusively direct enterprise field sales, with no channel partners or resellers. Pricing is bespoke and negotiated per project and contract scope, with multi-year billing cadences on maintenance work. Italian revenue was reported at €59M as of 2021 (global revenue not publicly disclosed). Notable landmark projects include the MOSE Venice barrier, Symphony of the Seas, the Brăila Bridge in Romania, the Fécamp and Saint-Nazaire offshore wind farms (then-world's largest), the Arctic LNG 2 Project via Saren B.V., and the Gazpromneft Moscow refinery. The group holds an AGCM two-star Rating di Legalità, has been recognized as a Deloitte Best Managed Company in 2020 and 2021, and is a member of the Council for Inclusive Capitalism and Cisambiente.

Name

ISOLFIN Group

Legal name

ISOLFIN SPA Socio Unico

Website

https://isolfin.com

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

251–500 employees

Short description

ISOLFIN Group is an Italian industrial services platform founded in 1961 that delivers insulation, asbestos removal, fireproofing, scaffolding, painting, and mechanical installation for global petrochemical, energy, and shipbuilding clients. It operates across Europe, the Middle East, Asia, and Africa through wholly-owned subsidiaries and direct enterprise contracts.

Ownership category

akta.pro rank

Product category

Industrial Maintenance and Construction Services

NAICS

Coating, Engraving, Heat Treating, and Allied Activities (33281)

SIC

Abrasive, Asbestos & Misc Nonmetallic Mineral Prods (3290), Hazardous Waste Management (4955)

akta.pro primary industry

Corrosion Control & Cathodic Protection Services (IMAIAKAI)

Keywords

• Industrial insulation services
• Asbestos abatement services
• Offshore wind anti-corrosion
• Fireproofing industrial services
• Petrochemical maintenance services

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Industrial Maintenance Services: Long-term multi-specialist maintenance contracts covering scaffolding, insulation, painting, fire protection, asbestos removal, and decontamination services at client facilities. These are recurring revenue streams renewed on multi-year terms (e.g., Eni Venice biorefinery maintenance renewed until end of 2023). Revenue is generated through project-based and contract-based professional services.
2. EPC and Construction Services: Engineering, procurement, and construction services including insulation, anti-corrosive treatment, mechanical installations, and painting for energy, petrochemical, naval, and infrastructure projects. Projects include offshore wind jacket foundations, offshore platforms, bridges, and power plants. Revenue recognized on a project-by-project basis.
3. Specialized Project Services: One-time specialized services such as COVID-19 sanitization of workplaces and vehicles (Enel Italia, Enipower, Saras, Poste Italiane), acoustic and thermal insulation, non-destructive testing, and access management. These are event-driven and non-recurring in nature.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

ISOLFIN is an industrial services provider that delivers integrated insulation, asbestos removal, fireproofing, industrial scaffolding and access management, blasting and anti-corrosion painting, non-destructive testing, and mechanical installation services for the energy, petrochemical, naval, and EPC sectors. It also offers specialized products such as the patented SaniBox sanitization station, RCI/PCO air sanitization devices, and hydrogen distribution solutions via its H2-Industries partnership, serving clients through direct enterprise contracts and long-term on-site maintenance agreements across Europe, the Middle East, Asia, and Africa.

Product overview

ISOLFIN is an industrial services company providing a comprehensive integrated platform of services spanning the entire lifecycle of energy, petrochemical, naval, and EPC projects. The core offerings include insulation (thermal, acoustic, fireproofing), asbestos removal, industrial scaffolding/access management, fireproofing, blasting and painting/anti-corrosion treatments, non-destructive testing, and mechanical installations. The company has expanded into specialized products including SaniBox (modular sanitization stations with thermal screening), air sanitization devices (Induct, AP500, AS200 using RCI technology), and hydrogen solutions via partnership with H2-Industries. ISOLFIN serves petrochemical, shipbuilding, refining, and energy sectors across Europe, Middle East, Asia, and Africa, operating from headquarters in Rome and Ravenna, Italy with international subsidiaries.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Insulation Services Industrial thermal, acoustic, and fireproof insulation services delivered for energy, petrochemical, shipbuilding, and infrastructure clients at their facilities and project sites.
• Asbestos Removal Services Asbestos abatement and removal services for industrial sites, refineries, and facilities, performed under certified safety procedures.
• Industrial Scaffolding and Access Management Industrial scaffolding erection, access management, and rental solutions using ISOLFIN's owned 275,000 m3 fleet, delivered at refineries, power plants, and shipyards.
• Fireproofing Services Fire protection and fireproofing application services for industrial structures and equipment in energy, marine, and infrastructure settings.
• Blasting and Painting (Anti-Corrosion) Services Sandblasting, surface preparation, and industrial painting including marine-grade anti-corrosion treatments for ships, offshore platforms, refineries, and infrastructure.
• Non-Destructive Testing Services Non-destructive testing services for quality assurance and structural integrity verification of industrial assets and welds.
• Mechanical Installation Services Mechanical installation services including piping and equipment installation for energy, petrochemical, and infrastructure projects.
• Facility Management Services Comprehensive facility management services for industrial and energy sites, covering ongoing site upkeep and multi-specialist maintenance.
• SaniBox Modular Sanitization Station Patented modular sanitization station with thermal-camera temperature screening and automated nebulization disinfection for people and objects at workplace entrances, customizable, transportable, and operable without dedicated staff.
• Air Sanitization Devices (Induct, AP500, AS200) Continuous air sanitization devices using RCI/PCO (Radiant Catalytic Ionization / Photocatalytic Oxidation) technology for environments and surfaces, sold in HVAC-installed (Induct), portable (AP500), and desktop (AS200) form factors.
• COVID-19 Workplace Sanitization Services Workplace and vehicle sanitization and disinfection services deployed during the COVID-19 pandemic for enterprise sites such as power plants, refineries, and postal logistics facilities.
• Hydrogen Solutions via H2-Industries Partnership Hydrogen production, storage, and distribution solutions built around LOHC (Liquid Organic Hydrogen Carriers) technology from partner H2-Industries, deployed at client facilities in Italy and ISOLFIN's international subsidiaries.

Quantifiable outcome

• 54,000 tonnes of asbestos removed over company history, demonstrating large-scale environmental remediation capability
• +3 more outcomes

Named customers19 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

13 partnerships are on record, tiered core and minor.

• H2-IndustriescoreTechnology or Integration · 10 February 2021ISOLFIN signed a technology collaboration agreement with H2-Industries, a German-American company specializing in sustainable hydrogen extraction and storage solutions. ISOLFIN aims to transfer H2-Industries' LOHC (Liquid Organic Hydrogen Carriers) technology to its client sites in Italy and its international subsidiaries. The partnership involves constructing hydrogen distribution and storage facilities using LOHC technology, which safely stores hydrogen in an oil-like liquid at ambient pressure and temperature, enabling safe transport and long-term storage of renewable hydrogen.
• Renco S.p.A.coreImplementation/ SI/ Consulting PartnerISOLFIN acquired a subcontract from Renco S.p.A. for the installation of piping and equipment at the Everdrup Process Plant gas compression station in Denmark, part of the Baltic Pipe strategic infrastructure project. The Baltic Pipe is a 900km gas pipeline connecting Norwegian gas systems with Denmark and Poland via the North Sea, operational October 2022, costing 1.88 billion USD.
• Saren B.V.coreImplementation/ SI/ Consulting PartnerISOLFIN Russia operates as a subcontractor under Saren B.V. (a joint venture between Saipem S.p.A. and OOO Renaissance Heavy Industries) for the Arctic LNG 2 Project in Siberia. Activities include supervision, assembly, and welding of structures at Kaliningrad facilities.
• SaipemcoreImplementation/ SI/ Consulting PartnerISIPFIN Russia secured a direct contract with Saipem for painting and fire-resistant insulation work at the Gazpromneft refinery in Moscow. Additionally, ISOLFIN operates under Saipem's JV structure (Saren B.V.) for Arctic LNG 2 Project.
• Rosetti MarinocoreImplementation/ SI/ Consulting PartnerLong-standing strategic partner for offshore wind jacket foundations and offshore platforms. ISOLFIN delivers anti-corrosion and insulation services for Rosetti Marino's fabrication of jacket foundations for Fécamp (71 turbines) and Saint-Nazaire (80 turbines - world's largest offshore wind farm) wind projects, as well as the Tolmount offshore platform for the UK North Sea.
• Fincantieri InfrastructurecoreImplementation/ SI/ Consulting PartnerISOLFIN supports Fincantieri Infrastructure on the Brăila Bridge project in Romania (joint venture with Astaldi and IHI). ISOLFIN completed prefabrication of 86 bridge blocks and continues with assembly phase (40+ people through 2022). The Brăila Bridge is one of Europe's longest suspension bridges at 1,975m with a 1,120m main span.
• Chantiers de l'AtlantiquecoreImplementation/ SI/ Consulting PartnerISOLFIN collaborates with Chantiers de l'Atlantique (France) providing anti-corrosion treatment for offshore wind jacket foundations. The company already operates at the Saint-Nazaire shipyard and provides similar services for Fécamp wind farm jacket foundations commissioned by EDF Renewables.
• AlNowais InvestmentsminorStrategic or Co-development PartnerISOLFIN congratulated its partner AlNowais Investments for being ranked among the Top 100 Arab Family Business by Forbes Middle East. The nature of their partnership was not detailed beyond ISOLFIN's congratulations for the recognition.
• Confindustria RussiacoreGTM or Marketing PartnerISOLFIN Russia SRL is a member of Confindustria Russia for the 2020-2021 period. Confindustria Russia represents the interests of Italian companies operating in Russia and develops relations between Italian and Russian institutions, providing services and information for member companies.
• Bpifrance / Cassa Depositi e Prestiti / ELITE-Groupe EuronextminorGTM or Marketing PartnerISOLFIN was selected for the Accélérateur International program, a transalpine coordination and growth initiative involving 40 French and Italian SMEs. The program, created by Bpifrance (France), Cassa Depositi e Prestiti (Italy), and ELITE-Groupe Euronext, aims to help companies identify and exploit sustainable development opportunities across the French-Italian border.
• Cisambiente (Confindustria)minorGTM or Marketing PartnerISOLFIN is a member of Cisambiente, the Confindustria environmental services confederation that brings together companies committed to environmental protection and sustainable development. This membership is part of ISOLFIN's formal Green Migration policy.
• EIIF (European Industrial Insulation Foundation)minorOthersISOLFIN operates under EIIF certification guidelines and received input from EIIF engineers for its CO2 reduction study at the Saras SARLUX refinery in Sardinia. EIIF promotes best practices in industrial insulation for energy efficiency.
• CH TRADING SAminorOthersCH TRADING SA is a Swiss subsidiary of ISOLFIN Holding SA based in Lugano, Switzerland, engaged in import and export activities, particularly between Switzerland and Indonesia. The subsidiary hosted a visit from the Indonesian Embassy in Bern in September 2021.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Bilfinger SE: Bilfinger is a large European industrial services provider offering insulation, scaffolding, corrosion protection, maintenance, and EPC support to process industry clients (energy, chemicals, oil & gas). It directly overlaps ISOLFIN's core service lines at much larger scale and is the most logical broad incumbent comparable.
• Stork (part of Fluor Corporation): Stork, acquired by Fluor, delivers specialized industrial services including insulation, scaffolding, corrosion protection, and maintenance to oil & gas, chemical, and power clients in Europe, the Americas, and the Middle East. Comparable in scope and customer base to ISOLFIN, though larger and part of a global EPC firm.
• SPIE SA: SPIE is a leading European multi-technical services group providing electrical, mechanical, HVAC, and industrial services to energy, industrial, and infrastructure clients. Comparable in offering integrated industrial services with a European field-services model, though broader in scope than ISOLFIN's petrochemical/shipbuilding focus.
• SGS Industrial Services: SGS provides industrial inspection, testing, and certification services globally, including NDT and asset integrity work for energy and process industry clients. Comparable to ISOLFIN's NDT and quality assurance service line, though SGS is a much broader TIC player.

Direct peers

• TEAM Inc. TEAM provides industrial inspection, corrosion protection, insulation, and mechanical services primarily to energy and petrochemical customers. Its service portfolio and customer mix (refineries, petrochemical plants, power generation) closely mirror ISOLFIN's core industrial services offering.
• Mistras Group Inc. Mistras provides non-destructive testing, inspection, and mechanical services to oil & gas, power, aerospace, and infrastructure clients. It overlaps directly with ISOLFIN's NDT and mechanical installations service line and shares the same asset-heavy industrial services delivery model.
• Coatings International Group (CIG): CIG provides industrial painting, protective coatings, and corrosion-control services for offshore, marine, and energy markets. Closely matches ISOLFIN's blasting/painting and anti-corrosion service line, particularly for offshore wind jackets and shipbuilding applications.
• Tremco Incorporated: Tremco provides commercial construction sealing, insulation, and coating solutions, with industrial-grade insulation and coating capabilities. Overlaps with ISOLFIN's insulation and blasting/painting services, particularly in industrial facility applications.

Regional players

• Romana Edil Group (Romana Industrial Services): Italian industrial services and construction firm with overlapping capabilities in insulation, scaffolding, asbestos abatement, and industrial maintenance. Most relevant as a domestic Italian peer competing for similar Italian refinery/petrochemical contracts.

Others

• Saipem (industrial services arm): Saipem is both a customer (prime contractor for ISOLFIN on multiple projects) and a competitor in industrial services for oil & gas and EPC projects. Comparable in industrial maintenance and EPC execution capability, though at much larger scale and as a prime contractor rather than subcontractor.

Market position

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/isolfin
• Xx.com/isolfin

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 ISOLFIN Group