Therman
Therman Mantenimiento Industrial is a Spanish private company providing refractory installation, thermal treatments, scaffolding, passive fire protection, thermal insulation, and glass furnace maintenance services to petrochemical, refinery, and glass manufacturing operators across Spain and Portugal, with up to 250 mobile operatives.
- Company typePrivate
- Founded2010
- HeadquartersMadrid, Spain
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Therman does
Therman Mantenimiento Industrial S.L. is a Spanish private industrial maintenance company founded in 2010 and headquartered in Madrid, delivering specialised refractory installation, thermal treatments, industrial scaffolding, passive fire protection, thermal insulation, and glass furnace maintenance services. Its primary customers are operators in the petrochemical, refinery, and glass manufacturing sectors across the Iberian Peninsula, with one named enterprise relationship at the Repsol Petróleo Puertollano complex. Service delivery is on-site through mobile field teams, with peak staffing of up to 250 operatives and permanent material stock that enables emergency response within 24 hours; the firm has completed more than 130 prefabricated furnace and pressure-vessel units for worldwide delivery over 18 years.
The company's technology stack centres on industrial-process know-how rather than software. It holds API 936 certification from the American Petroleum Institute for all technical personnel, ISO 9001 and ISO 14001 management system certifications through AEQ Consulting, and UN Global Compact affiliation. It operates a dedicated Therman Glass sub-brand with a Portugal regional headquarters in Fátima, and a Thermat sub-brand in Barcelona, alongside additional offices in Gijón, Cartagena, Montilla, Palos de la Frontera, and Puertollano. Proprietary offerings include custom-made thermal insulation blankets, mixed thermal treatments that re-use process equipment as furnaces, and on-site thermographic studies that the company cites as achieving up to 40% energy savings for clients.
Therman earns revenue through project-based, quote-priced contracts covering planned shutdowns, emergency interventions, and integral reconstructions, with multi-year billing cadences typical of enterprise industrial services. Go-to-market is direct enterprise field sales with no disclosed digital channel; marketing is limited to LinkedIn, a project blog, and the corporate website. Pricing is custom and not publicly disclosed. The company has no external funding, no parent company, no subsidiaries, and no disclosed M&A activity, and is operated as an independent private limited company under Spanish jurisdiction.
Therman firmographics
Firmographics- Name
- Therman
- Legal name
- THERMAN MANTENIMIENTO INDUSTRIAL SL
- Website
- https://therman.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Therman Mantenimiento Industrial is a Spanish private company providing refractory installation, thermal treatments, scaffolding, passive fire protection, thermal insulation, and glass furnace maintenance services to petrochemical, refinery, and glass manufacturing operators across Spain and Portugal, with up to 250 mobile operatives.
- Ownership category
- akta.pro rank
Therman industry classification
Industry- Product category
- Industrial Maintenance Services
- NAICS
- Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (811310), Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (8113)
- SIC
- Industrial Process Furnaces & Ovens (3567), Oil & Gas Field Machinery & Equipment (3533), Services-Testing Laboratories (8734)
- akta.pro primary industry
- Refractory, Furnace & Kiln Maintenance Services (IMAIACAG)
- akta.pro secondary industries
- Insulation, Scaffolding & Access Services (ISA) (IMAIACAF), Emergency Breakdown & Rapid Response Maintenance Services (IMAIACAM), Tank, Vessel & Pipeline Inspection/Cleaning/Repair (API/ASME) (IMAIACAH)
Keywords
Where Therman is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices9 records
Markets served
Therman business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure
Revenue model
- Industrial Maintenance Services: On-site industrial maintenance services including refractory installation, thermal treatments, scaffolding, passive fire protection, and thermal insulation. Revenue generated through project-based contracts, planned shutdowns, and emergency response services.
- Refractory Prefabrication: Prefabrication and manufacturing of refractory equipment, furnaces, and pressure vessels. Custom fabrication services delivered ready for use, with over 130 equipment units completed in 18 years.
- Engineering and Consulting: Preliminary design advice, detailed engineering and calculations, and thermographic studies for industrial installations. Technical consulting services for energy efficiency improvements.
- Glass Furnace Maintenance: Therman Glass division provides specialized maintenance, reconstruction, and hot repair services for glass furnaces, including demolition, installation, and supervision.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Therman product offering
Product offeringCore offering
Therman provides on-site industrial maintenance services focused on refractory installation and prefabrication, thermal treatments and controlled drying, industrial scaffolding, passive fire protection, thermal insulation engineering, and specialized glass furnace maintenance. The company mobilizes mobile technical teams—peaking at 250 operatives—to client facilities including refineries, petrochemical plants, and glass manufacturing sites across Spain and Portugal, executing planned shutdowns, emergency repairs, and integral reconstructions to API-936 and ASTM specifications.
Product overview
Therman is an industrial maintenance services company offering a portfolio of specialized services for petrochemical, refinery, and glass industries. The core offering includes Refractarios (refractory installation and prefabrication), Tratamientos Térmicos (thermal treatments and controlled drying), Andamios (industrial scaffolding), and the sub-brand Therman Glass (glass furnace services). These are complemented by Protección Pasiva (passive fire protection) and Aislamiento Térmico (thermal insulation). The services work together to provide integrated industrial maintenance—scaffolding supports refractory and insulation installation, thermal treatments complete refractory curing, and passive protection ensures fire safety across all installations. The company operates across Spain and Portugal with up to 250 workers and holds API 936 certifications for refractory personnel.
Differentiator
Problem solved
Functional benefit
Products and services
- Refractory Services (Refractarios) Installation, engineering, and prefabrication of refractory linings for industrial furnaces, reactors, and pressure vessels, including demolition and installation of refractory materials with quality control per API-936 and ASTM specifications. Serves petrochemical plants, refineries, and industrial facilities on planned shutdowns, emergencies, and integral reconstructions.
- Thermal Treatments (Tratamientos Térmicos) Heat treatment services including weld stress relief, controlled drying of refractory linings, material recovery, and mixed treatments using portable transformers or burners following ASTM/ASME, ANSI, DIN, and ISO standards. Mixed treatments simplify project timelines by using the same equipment as the furnace.
- Industrial Scaffolding (Andamios) Industrial scaffolding installation and disassembly using Ringscaff SCAFOM-RUX and Allround LAYHER multidirectional systems. Provides complex scaffolding for new construction, rehabilitation, industrial installations, and suspended scaffolds for difficult access areas.
- Therman Glass (Vidrio) Specialized glass industry services including furnace maintenance, reconstruction, demolition and installation of refractory materials, hot repairs (plastering, chamber cleaning, drilling, saw repairs, vault repairs), and supervision. Aimed at glass furnace operators and manufacturers requiring planned major repairs or emergency interventions.
- Passive Fire Protection (Protección Pasiva) Passive fire protection services including fire sectorization, structural steel protection, fire-resistant coatings, intumescent paint, mortar applications, cable tray protection, and ventilation duct fireproofing with certified laboratory verification. Designed to comply with current fire safety regulations and prevent incidents at industrial facilities.
- Thermal Insulation (Aislamiento Térmico) Thermal insulation services including preliminary design consulting, detailed engineering and calculations, custom-made insulating blankets manufactured for installation points with recurrent failures, on-site thermographic studies to verify temperature loss, and corrosion-under-insulation advisory. Documented to achieve up to 40% energy savings.
Quantifiable outcome
- Up to 40% energy savings achievable through thermal insulation improvements
- +2 more outcomes
Companies that use Therman
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Therman technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Therman partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- AEQ ConsultingminorCertification partner providing integrated quality management system and environmental management system certifications for Therman's operations.
- RepsolcoreTheman conducts training sessions and safety programs at the Repsol Petróleo Puertollano industrial complex, with joint safety department participation in training activities.
- QUARTISminorCertification partner that certifies Therman's technical capacity in refractory installation through a complete operator certification program, ensuring highest service levels.
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
Therman competitors and assessment
Company assessmentRegional players
- TSK: Spanish industrial engineering and construction firm executing large EPC and maintenance projects for energy and industrial clients in Iberia and Latin America. Overlaps with Therman on industrial maintenance and shutdown execution at petrochemical facilities.
Direct peers
- INTRA Industrial Services: Spanish industrial maintenance and refractory installation provider serving oil & gas, petrochemical, and power generation clients. Directly competes with Therman in planned shutdowns, refractory installation, and on-site industrial services across Spain.
- Calderería Industrial Berriatua (CIB): Spanish industrial maintenance and boiler/reactor services provider with on-site execution capability in refineries and petrochemical plants. Comparable to Therman in mobile workforce deployment for shutdowns and capital projects in Iberia.
- Pirobloc: Spanish-headquartered manufacturer of industrial process furnaces and prefabricated refractory equipment serving petrochemical, steel, and glass industries. Directly comparable to Therman's refractory prefabrication and furnace-engineering capabilities and competes for similar Iberian clients.
Broad incumbents
- SGS Industrial Services: Global testing, inspection, and certification company with industrial maintenance and asset integrity services. Adjacent competitor to Therman in industrial inspection, thermography, and quality assurance on refinery and petrochemical sites.
- Técnicas Reunidas: Large Spanish EPC contractor serving oil & gas and petrochemical end markets globally. While much broader in scope, it competes for shutdown, maintenance, and refractory-related scope at major refinery and petrochemical complexes in Spain.
- Sulzer: Swiss-headquartered industrial engineering and services firm offering pump, rotating equipment, and refinery maintenance services. Competes with Therman for shutdown and turnaround scope at European refinery and petrochemical clients.
- Altrad: Global industrial services group specializing in scaffolding, insulation, and maintenance for energy and process industries. Comparable to Therman's scaffolding and thermal insulation service lines and a potential consolidator in the Iberian market.
- Bilfinger: European industrial services provider delivering maintenance, turnaround, insulation, scaffolding, and passive fire protection to process industries. Directly comparable service portfolio to Therman, with overlapping insulation, scaffolding, and shutdown offerings.
- Worley: Global energy and resources engineering firm providing maintenance, modifications, and shutdown services to refineries and petrochemical operators. Comparable in serving the same end-market clients with industrial maintenance offerings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Therman social profiles
Digital presenceTherman compliance and trust
Trust signalCompliance4 records
Therman financial estimates
Financial estimateRevenue estimate
Valuation estimate
Therman leadership team
Management profileNumber of profiles
Profiles7 records
Therman funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Therman M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Therman
What does Therman do?
Therman provides on-site industrial maintenance services focused on refractory installation and prefabrication, thermal treatments and controlled drying, industrial scaffolding, passive fire protection, thermal insulation engineering, and specialized glass furnace maintenance. The company mobilizes mobile technical teams—peaking at 250 operatives—to client facilities including refineries, petrochemical plants, and glass manufacturing sites across Spain and Portugal, executing planned shutdowns, emergency repairs, and integral reconstructions to API-936 and ASTM specifications.
Is Therman a public or private company?
Therman is a private company. It is classified as unknown and is currently operating.
When was Therman founded?
Therman was founded in 2010. It employs 51 to 100 people.
Where is Therman based?
Therman is headquartered in Madrid, Spain, in the Europe region.
How does Therman make money?
Four revenue lines are on record. Industrial Maintenance Services are the primary driver. The others are refractory Prefabrication, engineering and Consulting and glass Furnace Maintenance.
Who are Therman's main competitors?
TSK is listed as a regional player. Direct peers are INTRA Industrial Services, Calderería Industrial Berriatua (CIB) and Pirobloc. Broad incumbents are SGS Industrial Services, Técnicas Reunidas, Sulzer, Altrad, Bilfinger and Worley.
Does Therman have an API?
No public API is recorded for Therman.
What industry is Therman in?
Therman's product category is Industrial Maintenance Services. Its primary akta.pro industry code is IMAIACAG, Refractory, Furnace & Kiln Maintenance Services, with a secondary code of IMAIACAF, Insulation, Scaffolding & Access Services (ISA). Its NAICS code is 811310 and its SIC code is 3567.