Intermarine

Name

Intermarine

Legal name

Intermarine S.p.A.

Website

https://intermarine.it

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

101–250 employees

Short description

Intermarine is an Italian naval shipbuilder (founded 1970, Sarzana) that designs and builds composite and aluminum minehunters, fast patrol boats, and high-speed ferries for defense forces and commercial operators across eight countries.

Ownership category

akta.pro rank

Product category

Naval Shipbuilding

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (3366), Boat Building (336612)

akta.pro primary industry

Combat & Auxiliary Naval Vessel Systems (IMABAKAA)

akta.pro secondary industries

Patrol, Interceptor & Law-Enforcement Craft (Coast Guard, Customs) (IMAJADAD), Search & Rescue (SAR) & Lifeboats (IMAJADAI)

Keywords

• Naval shipbuilding
• Mine countermeasure vessels
• Fast patrol boats
• Composite vessel construction
• Maritime defense manufacturing

Headquarters

HQ city

Sarzana

HQ country

Italy

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Naval Vessel Construction: Design, construction and delivery of naval vessels including minehunters, fast patrol boats, and coast guard vessels. Revenue recognized upon vessel delivery with milestone payments throughout construction period. Long-cycle contracts typical of defense shipbuilding.
2. Maintenance and Support Services: Four-year framework agreement with NAVARM for maintenance of operational capabilities of Italian Navy's minehunters. Provides ongoing revenue stream for fleet support during transition to new generation vessels.
3. Civil Vessel Construction: Design and construction of civil vessels including fast ferries in aluminum for commercial operators such as SNAV.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Intermarine is an Italian shipyard that designs, develops, and produces vessels for defence and civil use. The company specializes in minehunters, fast patrol boats, and fast ferries built with composite materials (FRP/GRP) and aluminum, operating three shipyards in Sarzana, La Spezia, and Messina.

Product overview

Intermarine is a naval shipbuilder offering specialized maritime vessels for defense and civil use, including minehunters (IM-NGM 81 and IM-NGM 63), fast patrol boats (IM-FPB 44-SF Cabrini Class, IM-FPB 33-SAR, IM-FPB 58-WPC), and fast ferries (IM-TMV 58 Aquastrada TMV 58). The product portfolio includes vessels constructed in advanced composite materials (FRP) and aluminium, designed for mine warfare, seabed surveillance, coastal patrol, search and rescue, and passenger transportation. Intermarine also produces marine systems and components through Rodriquez Marine Systems, including monitoring, control, hydraulic, and stabilization systems. The company operates in partnership with Leonardo for combat systems on minehunter vessels.

Differentiator

Problem solved

Functional benefit

Products and services

• IM-NGM 81 Minehunter A mine countermeasure (MCM) vessel designed for naval forces, constructed using composite (FRP/GRP) materials to minimize magnetic and acoustic signatures. Built for government/military customers requiring specialized minehunting capability.
• IM-NGM 63 Minehunter A composite-hulled mine countermeasure vessel designed for naval forces conducting minehunting operations. Targets government/defense customers needing specialized mine warfare capability.
• Cabrini Class Fast Patrol Boat A class of fast patrol boats designed for naval, coast guard, and paramilitary maritime security operations. Built for government/military customers requiring high-speed coastal patrol capability.
• CP 420 Class Fast Patrol Boat A composite-construction fast patrol boat class built for naval and maritime security forces. Designed for government customers needing high-speed interdiction and patrol capability.
• WPC 52R Fast Patrol Boat A fast patrol boat variant designed for naval and paramilitary organizations performing coastal patrol, interdiction, and maritime security missions.
• Aquastrada TMV 58 Fast Ferry A high-speed passenger ferry built with composite (FRP/GRP) construction for commercial ferry operators serving coastal and short-sea passenger routes.

Quantifiable outcome

• 43 minehunters delivered to 8 countries
• +3 more outcomes

Named customers12 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

Feature5 records

Partnerships

Two partnerships are on record, tiered core and flagship.

• Abu Dhabi Ship Building (ADSB)coreStrategic or Co-development Partner · 19 February 2025MoU signed at IDEX 2025 establishing foundation for future collaboration between ADSB (EDGE entity) and Intermarine. Partnership aims to design and build military and commercial vessels by leveraging combined capabilities to create new business opportunities in local and international markets with advanced technological solutions. David Massey (CEO ADSB) and Livio Corghi (CEO Intermarine) signed the agreement.
• Leonardo S.p.A.flagshipStrategic or Co-development Partner · 26 July 2024Temporary Grouping of Companies for New Generation Minehunters (NGM/C) program worth €1.6 billion. Intermarine serves as design authority for naval units/platform and holds 73% of contract value (€1.165 billion). Leonardo serves as design authority and supplier of combat system (SADOC 4 command and control, radar, electro-optical sensors, sonar, communications) holding 27% (€0.43 billion). Intermarine leads the consortium.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Fassmer: German shipyard specializing in patrol boats, SAR vessels, and special-purpose craft for coast guards and navies. Comparable to Intermarine's fast patrol boat and SAR product lines (IM-FPB 33-SAR, IM-FPB 58-WPC), competing primarily in European and select export tenders.

Regional players

• Abu Dhabi Ship Building (ADSB): UAE-based shipbuilder under EDGE Group, producing patrol boats, fast interceptors, and corvettes for the Gulf and export markets. Newly announced strategic partner of Intermarine and a regional competitor for Middle East naval and coast guard contracts.
• Italian Sea Group: Italian operator of shipyards producing both naval and large yachting vessels, including recent expansion into defense and patrol craft. A domestic Italian peer with overlapping shipbuilding footprint and customer access, though with a different primary focus on megayachts.

Broad incumbents

• BAE Systems Maritime: UK-based naval shipbuilding division of BAE Systems, building Type 26 frigates, Astute submarines, and offshore patrol vessels. A broader incumbent that competes with Intermarine on multinational naval tenders and offers integrated combat systems alongside platform construction.

Direct peers

• Austal Ships: Australian shipbuilder specializing in aluminum high-speed vessels including the Cape-class and Guardian-class patrol boats, with global operations. Directly comparable to Intermarine's aluminum and high-speed craft segment, especially for coast guard and law enforcement patrol boat tenders in Australia, the US, and Asia-Pacific.
• Damen Shipyards: Dutch shipbuilding group with a wide portfolio of patrol vessels, fast ferries, and naval auxiliaries, including the SIGMA-class mine countermeasures vessels. Directly competes with Intermarine on patrol boat and minehunter export tenders across Europe, the Middle East, and Southeast Asia.
• thyssenkrupp Marine Systems (TKMS): German naval shipbuilder specializing in submarines and surface combatants, with a heritage in mine countermeasures. Competes head-to-head with Intermarine for European and export minehunter programs, particularly within NATO procurement frameworks.
• Naval Group: France's state-owned naval prime contractor, builder of frigates, submarines, and mine countermeasures vessels. Competes with Intermarine for export minehunter tenders (e.g., NATO and Indo-Pacific navies) and offers a fully integrated combat-system package versus Intermarine's platform-specialist approach.
• Fincantieri: Italy's largest naval shipbuilder and Europe's largest by revenue, building frigates, corvettes, patrol vessels, and submarines. Most directly comparable domestic competitor to Intermarine for Italian and export naval contracts, with overlapping customer base in the Italian Navy and NATO navies.
• Saab Kockums: Swedish submarine and surface combatant specialist within Saab, builder of the Visby-class corvette and A26 submarines. Comparable as a defense-focused niche shipyard with proprietary material and stealth technologies, competing for Nordic and broader NATO mine-countermeasure and patrol vessel contracts.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/intermarine-spa

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Intermarine