What ITM Group does

ITM Group (ZAO INTEKH) is a Saint Petersburg-based industrial construction and installation holding company founded in 1992 that designs, builds and commissions industrial production facilities, engineering networks and energy infrastructure for Russian and international clients. Its delivery scope spans turnkey construction, installation and assembly of process equipment, supply of equipment and materials, in-house fabrication of metal structures and equipment through subsidiary ITM Technostal, and ongoing engineering systems service and maintenance. The firm self-executes with a 600+ in-house workforce rather than relying on subcontractors, and has technical credentials such as 450 MW electrical commissioning and fast-track delivery of automotive plants (e.g. Hyundai WIA Rus, 36,000+ sqm in 10 months).

ITM Group generates revenue primarily through project-based industrial construction contracts, with supplementary income from installation and assembly services, equipment and material supply, equipment manufacturing via ITM Technostal, and recurring engineering service and maintenance work. Its customer base spans Russian heavy industry (Severstal, NLMK, Surgutneftegaz, TGK-1), global automotive OEMs and tier-1 suppliers with Russian operations (Toyota, Nissan, Hyundai WIA, Hyundai Motor, Ford, GM, Volkswagen, AvtoVAZ, MOBIS), consumer goods producers (JTI, Philip Morris, BAT, KT&G, Baltika, Heineken, International Paper, Nokian Tyres), and emerging renewable energy work via a 2019 partnership with Spain's EREDA. Geotechnical monitoring instrumentation has been added through a TELEMAC/Roctest partnership.

The go-to-market is relationship-driven and project-tender based, with the company leveraging long-tenured client relationships — Toyota since 2007, TGK-1 since 1992, Severstal since 2018, Hyundai WIA on its fifth joint project — and integrated in-house fabrication to compete on execution certainty for capital-intensive industrial builds across Russia.

Name

ITM Group

Legal name

ZAO INTEKH (ЗАО «ИНТЕХ»)

Website

https://itmstroy.ru

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

251–500 employees

Short description

ITM Group is a Saint Petersburg-based industrial construction and installation holding company founded in 1992 that self-executes with 600+ in-house personnel to build and commission industrial facilities, engineering networks and energy infrastructure for Russian and international clients in metallurgy, energy, automotive and consumer goods.

Ownership category

akta.pro rank

Headquarters

HQ city

Saint Petersburg

HQ country

Russia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Industrial Construction Projects: Project-based revenue from construction of industrial manufacturing and energy facilities. Services include general contracting, design, procurement, installation, and commissioning. Revenue recognized upon project completion.
2. Installation and Assembly Services: Installation of technological equipment, metal structures, engineering networks and systems, and technological pipelines. Services delivered by own personnel at client sites.
3. Equipment and Material Supply: Procurement and supply of equipment and materials for construction projects as part of turnkey delivery.
4. Equipment and Metal Structure Manufacturing: Manufacturing at ITM Technostal factory of equipment and metal structures for construction projects.
5. Engineering Systems Service and Maintenance: Ongoing service and maintenance of engineering systems and equipment at industrial facilities post-construction.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

ITM Group is a Saint Petersburg-based industrial construction and installation holding company that delivers full-cycle services — design, procurement, construction, installation, commissioning, and post-construction service — for industrial manufacturing plants and energy facilities. Core offerings cover electrical networks (0.4-330 kV), mechanical engineering systems, technological equipment and metal structure installation, renewable energy facility construction, and geotechnical/structural monitoring. Projects are executed as general contractor or specialized subcontractor for major Russian and international industrial enterprises.

Product overview

ITM Group is an independent Saint Petersburg-based construction and installation holding company specializing in industrial production facility construction, installation of engineering networks, systems, and technological equipment, and energy facilities. The company operates through a multi-service model combining five core offerings: (1) General Contracting and Project Management, (2) Electrical and Mechanical Engineering Networks and Systems Installation, (3) Technological Equipment and Metal Structures Installation, (4) Alternative Energy Facilities Design and Construction, and (5) Geotechnical and Structural Monitoring using Roctest/TELEMAC technology. A supporting manufacturing capability is provided through the ITM Technostal factory for custom metal structures and equipment fabrication. The company claims unique competency in performing complete electrical and commissioning works for power plant units up to 450 MW capacity.

Differentiator

Problem solved

Functional benefit

Products and services

• General Contracting and Project Management Investment and construction project management services acting as general contractor, including integrated equipment and material supply and engineering support at individual project stages, delivered to large industrial and energy enterprises across Russia.
• Engineering Networks and Systems (Electrical) Design, supply, and installation of electrical systems covering equipment from 0.4 to 330 kV, cable networks, automation, fire and security alarm systems, and lighting for energy, industrial, and civil facilities.
• Engineering Networks and Systems (Mechanical) Supply and installation of mechanical systems including ventilation and air conditioning, heating, hot and cold water supply, and sewage systems for industrial facilities.
• Technological Equipment and Metal Structures Installation Installation and tie-in of production-cycle technological equipment and technological pipelines, and fabrication and installation of industrial metal structures including platforms, access platforms, suspension and support structures, pressure vessels, and construction metal structures.
• Alternative Energy Facilities Design and Construction Full-cycle services from concept and feasibility through construction, commissioning, and post-warranty service for wind, solar, and other renewable energy facilities, including site selection and equipment procurement; delivered under the EREDA (Spain) partnership certified for the Russian Federation since June 2019.
• Geotechnical and Structural Monitoring Monitoring services for dams, tunnels, mines, bridges, breakwaters, historic buildings, nuclear power plants, oil and gas pipelines, and LNG storage using Roctest (TELEMAC, Canada) string, fiber optic, and traditional sensors including piezometers, extensometers, load/pressure sensors, strain gauges, inclinometers, tiltmeters, temperature and settlement sensors, and vibration control devices.
• ITM Tekhnostal Equipment and Metal Structure Manufacturing Custom manufacturing of equipment and metal structures at the ITM Tekhnostal factory, including industrial metal structures, platforms, support structures, pressure vessels, drying chambers, and painting-shop components, supporting the group's construction projects.

Quantifiable outcome

• 36,000+ sqm factory constructed and delivered in 10 months for Hyundai WIA Rus engine plant
• +3 more outcomes

Named customers24 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• EREDA (Spain)coreStrategic or Co-development Partner · 1 June 2019Since June 1, 2019, ZAO INTEKH (ITM Group) is the official partner of EREDA (Spain) for the Russian Federation territory, certified to perform design, construction, installation, commissioning, and service work on wind generation, photovoltaic, and other renewable energy facilities. EREDA is a leading producer and service provider in renewable energy with presence in Europe, Africa, Latin America, and Asia.
• TELEMAC (France)coreTechnology or IntegrationITM Group jointly with TELEMAC (France), part of Roctest Group (Canada), provides geotechnical monitoring and structural condition control services. Technologies include string, fiber optic, and traditional sensors for dams, tunnels, mines, bridges, historic buildings, nuclear power plants, pipeline construction, and LNG storage facilities.

Scale indicators12 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• ENKA İnşaat: Turkey's largest international EPC contractor with deep presence in Russia and CIS. Comparable to ITM in power plant construction, large-scale industrial facility delivery, and multi-discipline turnkey execution for similar industrial clients.
• Técnicas Reunidas: Spanish EPC contractor specializing in refineries, petrochemicals, and power plants. Comparable on multi-discipline industrial EPC delivery comparable to ITM's Surgutneftegaz KINEF refinery and metallurgical projects.
• Ant Yapı: Turkish contractor with strong CIS/Russia footprint and active in industrial, energy, and infrastructure construction. Comparable to ITM in Russian and CIS industrial EPC and major manufacturing facility delivery.
• Petrofac: UK-headquartered EPC and operations services contractor for the energy sector. Comparable in turnkey industrial construction and electrical/mechanical installation capabilities similar to ITM's Surgutneftegaz and CHP projects.
• Worley Limited: Australia-headquartered global engineering and construction contractor for energy, chemicals, and resources. Comparable in full-lifecycle industrial EPC and commissioning similar to ITM's automotive plant and power station portfolio.
• TechnipFMC: French/US global EPC leader in oil & gas and energy infrastructure. Comparable on heavy industrial EPC, substation work, and turnkey plant construction in Russia/CIS geographies similar to ITM's portfolio.
• SAIPEM: Italian global EPC contractor serving oil & gas, power, and infrastructure markets. Comparable to ITM on engineering, procurement, construction and commissioning for energy and industrial clients including Russian and CIS-based projects.

Direct peers

• Renaissance Heavy Industries: Russian-Turkish EPC contractor executing heavy industrial construction projects. Comparable on the dimension of multi-discipline turnkey delivery to Russian and CIS industrial clients, particularly in energy and manufacturing facility construction.
• Stroytransgaz: One of Russia's largest oil and gas EPC contractors, headquartered in Moscow. Comparable to ITM Group as a domestic Russian industrial construction firm executing turnkey projects for major Russian energy and industrial clients including Gazprom subsidiaries.
• Tekhnopromexport (TEK): Russian state-owned (Rostec) EPC contractor specializing in thermal power plant construction. Directly comparable to ITM's energy segment including IGCC, CHP, and substation work (e.g., TGK-1, Surgutneftegaz) at the same 110-330 kV capacity range.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/itmstroy
• LinkedInlinkedin.com/company/-itm-group-

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 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 ITM Group