What Giudici does

Giudici S.p.A. is an Italian vertically integrated construction and construction materials company founded in 1934, headquartered in Rogno (Bergamo), with production facilities in Rogno, Cazzago San Martino, and Costa Volpino. It extracts aggregates from company-owned quarries and produces bituminous conglomerates (asphalt), concrete, bituminous emulsions, and special asphalts (draining, high modulus, antiskid, colored/stamped), while also operating waste disposal and recycling services for non-hazardous construction waste under CER codes 170107, 170904, and 170302.

The company provides construction services across road works (earthworks, consolidation, tunnels, viaducts, paving), civil and industrial water treatment and potabilization plants, sewage collectors, hydraulic defenses and flood protection, civil and industrial buildings, real estate and tourism development (including the Montecampione ski resort), and specialized installation of cable cars and ski lifts. Customers are predominantly Italian public administration entities — municipal, provincial, and national bodies including ANAS and Autostrade per l'Italia — accessed through tender procedures, with secondary exposure to private construction and real estate clients. Giudici holds SOA Attestazione n. 71295 and a stack of ISO certifications (9001, 14001, 45001, 37001, 39001), SA 8000, UNI PdR 125, CE markings, and CAM (Criteri Ambientali Minimi) certifications, which together gate participation in Italian public works tenders and green procurement.

The business model combines project-based construction contracts (quote-driven, multi-year tender cycles) with merchant sales of construction materials to third parties and waste disposal fees. Giudici is privately held by its founding family with €1.2M share capital, no disclosed external investors, and no public listing. GTM is sales-led and direct, primarily via tender engagement. Reference projects include BRE-BE-MI, Orio al Serio Airport, Autodromo di Franciacorta, and ANAS framework agreements, supporting a 90-year brand asset in the Italian infrastructure market.

Name

Giudici

Legal name

Giudici S.p.A.

Website

https://giudicispa.it

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

1–10 employees

Short description

Giudici S.p.A. is an Italian vertically integrated construction and construction materials company, founded in 1934, producing aggregates, asphalt, and concrete from company-owned quarries and serving primarily Italian public administration clients (municipalities, ANAS, Autostrade) through tendered civil and road works, water treatment, and hydraulic defense projects.

Ownership category

akta.pro rank

Product category

Civil Construction and Infrastructure Services

NAICS

Construction Sand and Gravel Mining (212321), Nonmetallic Mineral Mining and Quarrying (2123), Cement and Concrete Product Manufacturing (3273)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Concrete Products, Except Block & Brick (3272), Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Operative Builders (1531)

akta.pro primary industry

Sand & Gravel Extraction & Processing (IMAKAHAB)

akta.pro secondary industry

Limestone Quarrying (Industrial & Construction Grade) (IMAKAHAC)

Keywords

• Bituminous conglomerate production
• Civil road construction
• Aggregate quarrying operations
• Wastewater treatment plants
• Construction materials supply

Headquarters

HQ city

Costa Volpino

HQ country

Italy

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction Services: Civil and road construction services including earthworks, consolidations, underground works, tunnels, viaducts, paving, water treatment plants, cable car systems, and general civil buildings. Services provided to public administration and private clients.
2. Construction Materials Sales: Production and sale of bituminous conglomerates, aggregates, concrete, and emulsions from company-owned facilities. Materials sold to external customers as well as used for internal construction projects.
3. Waste Disposal Services: Disposal and recovery services for non-hazardous waste at authorized facilities in Rogno and Cazzago San Martino, transforming waste into recycled construction materials.
4. Real Estate and Tourism Development: Real estate activities through specially constituted companies, including commercial and residential complexes and tourist facilities development.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Giudici S.p.A. is a vertically integrated Italian construction company that extracts aggregates from company-owned quarries and manufactures bituminous conglomerates (asphalts), cement concrete, and special asphalts, while delivering civil construction services including road works, water treatment plants, sewage collectors, hydraulic defenses, cable car systems, and tourism infrastructure for public administration and private sector clients.

Product overview

Giudici S.p.A. is a construction and infrastructure company founded in 1934, operating as a unified construction services provider with integrated production facilities. The company offers a portfolio of construction materials and services centered on: (1) Construction Materials from three production facilities (Rogno, Cazzago San Martino, Costa Volpino) including bituminous conglomerates/asphalt, aggregates (inerti), cement concrete (calcestruzzo), and waste disposal/recycling services; (2) Construction Services including road works, wastewater treatment plants, sewage collectors, civil construction and real estate, hydraulic defenses, technological networks, and cable car/ski lift installation. The production facilities are vertically integrated, extracting raw materials from company-owned quarries and manufacturing construction materials both for internal use and commercial sale. The product portfolio includes specialized asphalts (draining, high modulus, antiskid, colored), bituminous emulsions, cold plastic asphalt, and various aggregate types. Services span the entire infrastructure lifecycle from quarrying and material production to construction and installation.

Differentiator

Problem solved

Functional benefit

Products and services

• Bituminous Conglomerates (Conglomerati Bituminosi) Hot-mix asphalt products in multiple gradations (Tout Venan Bitumato 35mm and 25mm; binder course 18mm and 14mm; wearing course 8mm; plus 32mm, 22mm, 16mm, 11mm, and 6mm variants from Cazzago), produced at the Rogno and Cazzago San Martino facilities for road construction contractors and internal projects.
• Aggregates (Inerti) Natural and crushed aggregates extracted from company-owned quarries in Costa Volpino and Rogno, including Sabbia Naturale Vagliata (sieved natural sand 0/3, 0/10), Ghiaietto Frantumato (crushed gravel 8/14, 14/18, 14/25), Ghiaietto Naturale (natural gravel 10/25), Ghiaia (gravel 25/35), stabilizer materials, and recycled aggregates, for use in concrete and asphalt production.
• Cement Concrete (Calcestruzzo Cementizio) Cement conglomerate produced at modern plants since 1986, meeting the highest quality standards for civil and industrial construction applications, sold to construction companies and used internally.
• Special Asphalts (Asfalti Speciali) Specialized asphalt mixtures including Drenanti (draining), Alto Modulo (high modulus), Antiskid, and Colorati/Stampati (colored/stamped with special aggregates) for specialized road and surface applications.
• Bituminous Emulsions (Emulsione Bituminosa) CE-marked bituminous emulsions in acid and modified variants for various road construction and maintenance applications.
• Cold Plastic Asphalt (Asfalto Plastico a Freddo) Cold-applied plastic asphalt product for road construction and patching applications.
• Waste Disposal and Recovery Services (Smaltimento Rifiuti) Authorized disposal and recovery of non-hazardous special waste at the Rogno facility (CER 170107, 170904, 170302) authorized by the Province of Bergamo, and at the Cazzago San Martino facility (CER 170302), with production of recycled construction materials certified under CE n. 0398, UNI EN 12620-13242.
• Quarrying and Extraction Services (Attività Estrattiva) Extraction of aggregates from company-owned quarries in Costa Volpino and Rogno using underwater floating dredging equipment, with materials processed through crushing and screening plants for use in asphalt and concrete production and direct sale.
• Road Construction Services (Lavori Stradali) Construction services for roads including earthworks, ground consolidation, tunnels, viaducts, paving, and special road superstructures, for public administrations and private clients, with reference projects including the Bre-Be-Mi A35 motorway junction, Orio al Serio Airport, and Franciacorta Autodromo.
• Wastewater Treatment Plants (Impianti di Depurazione) Design and construction of civil and industrial wastewater treatment and drinking water purification plants, including notable projects like the Peschiera del Garda treatment plant, with capability developed since the early 1980s through M&A in the water treatment sector.
• Sewage Collectors (Collettori) Construction of sewage collectors including inter-municipal works such as the Valle Camonica collectors feeding treatment plants and the lakeside collectors of Lake Iseo, for water authorities and municipal clients.
• Hydraulic Defense Works (Difese Idrauliche) River regulation and flood defense construction including bank protection, check dams, and riprap construction, with notable work including the Poia torrent regularization in Saviore dell'Adamello following the 1987 Valtellina flood disaster.
• Technological Networks (Reti Tecnologiche) Construction of technological networks of all types using specialized teams, for utility and infrastructure clients.
• Cable Car and Ski Lift Installation (Impianti di Risalita) Installation of cable car systems and ski lifts including fixed-grip and automatic systems, with reference projects at Montecampione, Ponte di Legno/Tonale, Monte Pora, and Ravascletto/Zoncolan ski resorts.
• Civil Construction and Real Estate Development (Edilizia e Attività Immobiliari) Civil construction and real estate development including commercial and residential complexes (e.g., Boario Centro), industrial facilities, hospitality structures, and heritage building restoration, for private developers and public clients.
• Tourism Development (Iniziative Turistiche) Tourism resort development including the Montecampione resort in Valle Camonica featuring 35 km of roads, 12 ski lifts, 50 km of pistes, 2,200 residential units, and two large vacation villages, conceived and developed from 1969 onward.

Quantifiable outcome

• 37 new products with CAM (Criteri Ambientali Minimi) certification meeting environmental minimum criteria

Named customers5 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

Integration5 records

Feature4 records

Partnerships

One partnership is on record.

• Derthona BasketminorGTM or Marketing Partner · 19 March 2021Sponsorship partnership with Derthona Basket basketball team, providing visibility at national level as part of the company's marketing activities

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Heidelberg Materials Italia (Italcementi): Italian subsidiary of Heidelberg Materials, one of the largest cement, aggregates, and ready-mix concrete producers in Italy. Directly comparable to Giudici across cement, aggregates, and concrete, with much greater scale and a broader product portfolio.
• Buzzi Unicem: Italian-listed multinational cement and ready-mix concrete group with operations across Italy including Lombardy. Comparable in cement/concrete/aggregates verticals to Giudici, with broader geographic and product footprint.
• Webuild (Salini Impregilo): Italy's largest infrastructure contractor, active in roads, tunnels, bridges, and water infrastructure including major Italian projects. Overlaps with Giudici's service portfolio but operates at vastly larger scale on national and international projects.
• Holcim Italia: Italian arm of Holcim Group producing cement, aggregates, and ready-mix concrete with nationwide distribution. Overlaps with Giudici in aggregates extraction and concrete production but operates at significantly larger scale and broader geographic coverage.
• Cementir Holding: Italian-headquartered cement and concrete producer with Italian and international operations. Comparable vertically to Giudici in cementitious materials and aggregates, though at much larger corporate scale.
• Calcestruzzi (Heidelberg): Italian ready-mix concrete producer owned by Heidelberg Materials. Direct overlap with Giudici's concrete production line, with a much larger national plant network and customer base.

Direct peers

• CMC Ravenna: Italian cooperative construction company active in road, rail, hydraulic, and underground infrastructure. Comparable to Giudici in civil and road construction services, including earthworks and water-related works.
• Vianini Lavori: Italian civil and infrastructure construction firm with road, water, and hydraulic works. Direct comparable to Giudici's construction services arm, particularly in water/sewer infrastructure and road construction tenders.
• Todini Costruzioni: Italian general contractor active in civil infrastructure including roads, tunnels, and hydraulic works. Comparable to Giudici's construction services portfolio in the Italian public-tender market.
• Colacem: Privately-held Italian cement producer focused on central and northern Italy. Comparable mid-sized Italian cement/aggregates operator with vertically integrated operations and similar regional-market positioning to Giudici.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@giudicispa
• Facebookfacebook.com/100057436961134
• LinkedInlinkedin.com/company/giudici-s-p-a-

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

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 Giudici