GTS

What GTS does

GTS S.p.A. is an Italian industrial gases producer and distributor headquartered in Genova and operating as a subsidiary of QUIRIS Holding Industriale (itself part of the Autogas Group). Founded in 1988, the company produces and distributes special, technical, and pure gases, with a core portfolio spanning aerosol propellants (cosmetic, technical, and food grades), foam blowing agents (including food-grade applications under authorisations E944, E943a, E943b), saturated and unsaturated hydrocarbons for industrial use, and the Polarpure line of natural refrigerants (R600a, R290, R1270, R600, and R433/R436 mixtures) with 99.5% minimum purity and less than 10ppm moisture. Manufacturing capability is anchored at the Arquà Polesine plant in Italy, which was expanded in 2022 with an innovative distillation plant using heat-pump technology, and is replicated at wholly-owned production sites in Belgium, Romania, Brazil, and Thailand, giving the company a five-continent footprint.

The business model is a B2B hardware-sales operation: GTS sells directly to industrial manufacturers across the aerosol, refrigeration, foam/insulation, and energy sectors through a sales-led motion with own logistics and partnerships with European gas transport companies, delivering via road, rail, and air in cylinders ranging from 12-litre to isotank and road tanker formats. Revenue is reported at €45 million annual turnover against annual production capacity of 40,000 tonnes of special gases. Quality is anchored by ISO 9001:2015 (TÜV Austria), ACCREDIA accreditation, three consecutive ATMO Approved labels (2024-2026), an EcoVadis Commitment Badge (May 2024), and ISCC PLUS certification (January 2026), with complementary in-house laboratory services, periodic container inspection, and a 995KWp solar plant supporting manufacturing energy needs at Arquà Polesine.

Customer segments are horizontal across industries rather than concentrated in any single vertical, with explicit positioning around the regulatory-driven transition from ozone-depleting and high-GWP synthetic refrigerants to natural refrigerants, and around food-grade and bio-based product certification. Pricing is not publicly disclosed and is consistent with quote-based B2B industrial gas contracting. The company has no public funding rounds, no M&A activity, and operates with 101-250 employees under a parent holding structure, indicating an organically scaled, family/group-owned industrial business rather than a venture-backed growth company.

Name

GTS

Legal name

GTS S.p.A.

Website

https://gtsspa.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

101–250 employees

Short description

GTS S.p.A. is an Italian industrial gases producer and distributor supplying aerosol propellants, foam blowing agents, technical hydrocarbons, and Polarpure natural refrigerants to B2B manufacturers in refrigeration, aerosol, foam, and energy sectors across five continents, with €45 million annual turnover and ISO, ATMO, EcoVadis, and ISCC PLUS certifications.

Ownership category

akta.pro rank

Product category

Industrial Gas Manufacturing

NAICS

Industrial Gas Manufacturing (32512)

SIC

Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800)

akta.pro primary industry

Specialty & Calibration Gas Mixtures (IMAEACAE)

akta.pro secondary industries

Food & Beverage Gases (Carbonation/Freezing/Packaging) (IMAEACAI), Process Gases & Gas Delivery Consumables (Specialty/Bulk/UHP) (HDAHAGAL), Compressed, Liquefied & Refrigerated Gas Transport (Class 2) (TLACANAB)

Keywords

• Industrial gas production
• Natural refrigerants supply
• Aerosol propellant manufacturing
• Hydrocarbon gas distribution
• Foam blowing agents

Headquarters

HQ city

Genova

HQ country

Italy

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Special, Technical and Pure Gas Sales: GTS generates revenue through the production and distribution of special gases, technical gases, and pure gases including aerosol propellants, foam blowing agents, refrigerant gases, and industrial hydrocarbons. Products are sold to B2B customers across multiple industries globally.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

GTS S.p.A. produces and distributes special, technical, and pure industrial gases, including aerosol propellants, foam blowing agents, saturated hydrocarbons (propane, butane), unsaturated hydrocarbons (propylene), and the proprietary Polarpure line of natural refrigerants (R600a, R290, R1270, R600, and R433/R436 mixtures). The company sells these gases in customized mixtures packaged in cylinders, isotanks, and road tankers to B2B industrial customers across the aerosol, refrigeration, foam/insulation, food, energy, and chemical sectors.

Product overview

GTS S.p.A. is an industrial gas producer and distributor operating under QUIRIS Holding Industriale, offering a portfolio of special, technical, and pure gases. The core product portfolio consists of four main categories: Aerosol Propellants (for cosmetic, technical, and food applications), Foam Blowing Agents (for packaging and insulation), Technical and Industrial Gases (saturated and unsaturated hydrocarbons), and the Polarpure Natural Refrigerants line (R600a, R290, R1270, R600, and R433/R436 mixtures). The company operates a complete supply chain for n-butane, isobutane, and propane with exclusive distribution of high-purity propylene. Supporting the product portfolio are add-on services including Packaging (cylinder filling and mixing), Transportation and Logistics (global delivery solutions), and Quality Control and Safety Services (in-house laboratory analysis). GTS maintains global presence with production sites in Italy, Belgium, Romania, Brazil, and Thailand serving markets across Europe, Africa, Americas, and Asia-Oceania.

Differentiator

Problem solved

Functional benefit

Brands

• Polarpure: Line of natural refrigerants featuring minimum 99.5% purity and moisture limit of less than 10ppm, including R600A, R290, R1270, R433A/B/C, and R600 products.

Products and services

• Aerosol Propellants Odourless aerosol propellant gases produced by GTS for industrial and production requirements, available in cosmetic, technical, and food-grade formulations. Used by manufacturers to fill deodorants, shaving foam, hair sprays, room fragrances, lubricants, varnishes, paints, insecticides, detergents, and polyurethane foams.
• Foam Blowing Agents Odourless expanding propellant gases for packaging, protection, and insulation applications, offered in industrial grade (for packaging, lubricants, polyurethane foams) and food grade (for packaging and decorations). GTS holds special food-grade authorisations E944, E943a, and E943b.
• Technical and Industrial Gases Saturated hydrocarbons (propane and butane) and unsaturated hydrocarbons (polymer and chemical-grade propylene) supplied as pure hydrocarbons or customised mixtures at different pressures for industrial applications. Includes industrial-grade propane, butane, isobutane, and propylene, plus bespoke blends tailored to customer requirements.
• Polarpure Natural Refrigerants (R600a, R290, R1270, R600, R433/R436 series) Proprietary Polarpure line of natural refrigerants featuring minimum 99.5% purity and moisture limit below 10 ppm. Includes R600a (isobutane) for household refrigeration, R290 (propane) for air conditioning and commercial refrigeration, R1270 (propylene) for industrial and marine refrigeration, R600 (n-butane), and the R433/R436 mixture series. Zero ODP and low GWP positioning these as environmentally friendly alternatives to synthetic refrigerants.
• Packaging Service Dedicated filling and mixing service for all mixture types based on propylene and hydrocarbons, offering packaging in 12-litre, 148-litre, and 930-litre cylinders, 20'/30'/40' isotanks, and road tankers, with electronic monitoring and degassing phases for safe, customised delivery.
• Transportation and Logistics Logistics and transport service offering global deliveries to every continent via road, rail, or air using GTS's own logistics department combined with partnerships with leading European gas transport companies, providing reliable and flexible delivery of cylinders both large and small.
• Quality Control and Safety Services In-house laboratory analysis services at each GTS production plant, providing basic and customised analyses for quality control, including periodic container inspection, maintenance schedules, and safety consultancy for customers handling hydrocarbon gases.

Quantifiable outcome

• Annual production capacity of 40,000 tonnes of special gases
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• QUIRIS Holding IndustrialecoreOthersGTS is a company of QUIRIS Holding Industriale, a world leader in the production of natural refrigerants with zero greenhouse gas effect. The holding provides strategic direction and group-level best practices in data protection and corporate governance.
• Autogas GroupcoreOthersGTS is part of the Autogas Group and has adopted the same technical-organizational personal data protection measures and best practices as the companies in the Group.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Messer Group: World's largest privately held industrial gas company, producing atmospheric gases, CO2, hydrogen, helium, and specialty gases with a strong European footprint. Competes with GTS in technical gases and refrigerants, though Messer operates at far greater scale and breadth.
• Linde plc: Global industrial gas major combining former Linde and Praxair businesses, with deep presence in atmospheric and specialty gases, on-site supply, and electronics gases. Overlaps with GTS in hydrocarbon refrigerants and specialty gas mixtures but serves a vastly broader customer base.
• Air Liquide: French-headquartered global industrial gas leader producing gases, refrigerants, and specialty chemicals for industrial and healthcare markets. Competes with GTS in refrigerants and specialty hydrocarbon gases across Europe, particularly Italy.
• Air Products and Chemicals: US-based industrial gas and chemical producer with global gas supply, hydrogen, and helium businesses. Overlaps with GTS in technical and specialty gases, particularly for refrigeration, energy, and industrial customers in Europe and Asia.

Direct peers

• SOL Group: Italian-headquartered industrial and medical gas producer with comparable European footprint and broad product portfolio. Directly competes with GTS in technical and specialty gases (including medical and refrigerants) across Southern Europe, making it the closest geographic and product-line peer.
• Sapio Group: Family-owned Italian industrial gas producer and distributor with similar offerings in technical, specialty, and medical gases, plus home-care services. Competes head-to-head with GTS in Italy and Southern Europe and is privately held like GTS.
• Nippon Gases: European industrial gas company (formerly Praxair Europe) operating across Spain, Italy, Germany, France, and Benelux with industrial, medical, and specialty gases. Directly competes with GTS in the European industrial gas market and refrigerant segments.
• SIAD Group: Italian industrial gas manufacturer (part of SIAD Macchine Impianti) producing compressed, liquefied, and specialty gases with European operations. Comparable to GTS in product mix (technical gases, gas mixtures) and regional focus.

Regional players

• Gulf Cryo: Middle East-based industrial gas producer with operations across MENA, Europe (including Italy), and Turkey producing atmospheric and specialty gases. Comparable to GTS in specialty gas distribution and regional production footprint, though focused on different geographies.
• Iwatani Corporation: Japanese industrial gas and energy company with growing European footprint, active in hydrogen, helium, and specialty gases. Comparable to GTS in refrigerant gases and industrial gas distribution, though primarily a regional/Asian player expanding into Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/gts-spa

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 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 GTS