FINSEA
Gruppo Finsea is a privately held Italian holding company operating 18 subsidiaries that deliver differentiated waste collection, recycling, renewable energy, organic fertilizers, and sustainability consulting services to municipalities and businesses across Italy, with EUR 105 million in 2024 revenue.
- Company typePrivate
- Founded1999
- HeadquartersLa Martina, Italy
- Headcount101–250
- GTM typeB2B
- OfferingServices
What FINSEA does
Gruppo Finsea (Finsea Srl) is a privately held Italian holding company founded in 1999 and headquartered in Martina Franca (Taranto), operating as an integrated ecosystem of 18 wholly-owned subsidiaries across four sectors: environmental services and recycling, land and biodiversity (organic fertilizers and agricultural products), energy and technology (wind/solar plants, LED lighting, energy recovery), and sustainability consulting. Group activities include differentiated door-to-door waste collection for municipalities in Puglia and Basilicata, WEEE and end-of-life tire recycling, composting, contaminated-site and asbestos remediation, organic fertilizer manufacturing on a 100,000 sqm facility, solar-powered beach cleaning robotics, smart GSM-controlled LED lighting systems, and elevator energy recovery devices (SEM, up to 50% energy savings).
The group's underlying technology and methodology centers on Life Cycle Assessment (LCA) certified to ISO 14040 and ISO 14044, which quantifies environmental impact across more than fifteen heterogeneous activities and reports a net impact of -5,039 person-equivalents/year avoided in 2023, validated by University of Bari spin-off Symbiotica. Proprietary products include the Niteko Light Cloud Series (GSM-based remote LED lighting control with real-time consumption and fault detection, developed with Acotel) and the Solarino solar-powered beach cleaning robot.
Finsea generates revenue through negotiated B2G public contracts with municipalities for environmental services and urban hygiene, B2B contracts with industrial/commercial customers (including hospitals) for special waste collection, and the sale of manufactured products (LED lighting, organic fertilizers, robotics). FY2024 group revenue was EUR 105 million with a workforce of 398 employees and offices in 11 Italian cities including expansion into Lombardy (Milano, Varese). Founded and still controlled by co-founders Pierino Chirulli (also founder of predecessor Serveco, operating since 1987) and Carmelo Marangi, the group was admitted to Borsa Italiana's ELITE program in 2016.
FINSEA firmographics
Firmographics- Name
- FINSEA
- Legal name
- Finsea Srl
- Website
- https://gruppofinsea.it
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Gruppo Finsea is a privately held Italian holding company operating 18 subsidiaries that deliver differentiated waste collection, recycling, renewable energy, organic fertilizers, and sustainability consulting services to municipalities and businesses across Italy, with EUR 105 million in 2024 revenue.
- Ownership category
- akta.pro rank
FINSEA industry classification
Industry- Product category
- Environmental Services
- NAICS
- Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Sanitary Services (4950)
- akta.pro primary industry
- Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)
- akta.pro secondary industries
- Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Environmental & Permitting Execution Services (Erosion Control, Habitat Mitigation, Compliance) (EUAEADAL), Spill Prevention & Release Reporting Compliance (SPCC, FRP, CERCLA/EPCRA Notifications) (EUAHABAD)
Keywords
Where FINSEA is headquartered
LocationHeadquarters
- HQ city
- La Martina
- HQ country
- Italy
- HQ region
- Europe
Offices14 records
Markets served
FINSEA business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Environmental Services (Ecologia e Recupero): Revenue from waste collection services (differentiated, special), sorting and material recovery, environmental and asbestos reclamation, and management of sorted waste facilities.
- Land and Biodiversity Products: Production and commercialization of traditional Apulian legumes, microgreens, sprouts, and organic fertilizers and composts. Also includes AI-powered agricultural products and services.
- Energy and Technology: Design and production of clean wind and solar energy plants, LED lighting systems, energy efficiency projects through trigeneration and geothermal energy, and energy recovery systems.
- Sustainability Consulting Services: Training, environmental consulting, occupational safety consulting, project design services for municipalities and businesses including waste pricing adoption and differentiated collection plant design.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
FINSEA product offering
Product offeringCore offering
Gruppo Finsea operates an integrated ecosystem of 18 companies delivering environmental services (differentiated and special waste collection, WEEE and PFU recycling, asbestos and contaminated site remediation), renewable energy and energy efficiency solutions (wind/solar plants, LED lighting with Light Cloud GSM remote control, SEM elevator energy recovery), organic agricultural products (fertilizers, legumes, microgreens, sprouts), and sustainability consulting. It serves municipalities in Puglia and Basilicata through public contracts and businesses across Italy via direct commercial relationships.
Product overview
FINSEA Group operates as an ecosystem of 18 companies across four sectors: Environmental Care and Recycling, Land and Biodiversity, Energy and Technology, and Sustainability Consulting Services. The group's product portfolio includes specialized environmental services (waste collection, recycling, asbestos remediation, WEEE processing), agricultural products (organic fertilizers, produce), energy solutions (wind/solar plants, LED lighting, smart lighting systems), and consulting services. Key product brands include Niteko (smart LED lighting with Light Cloud remote control), Agricobots (mobile robotics), and Progeva (composting). The group also offers innovative solutions like the Solarino solar beach-cleaning robot, SEM energy recovery for elevators, and AI-powered agricultural services. Founded in 1999 and headquartered in Martina Franca, Italy, the group serves municipalities and businesses across southern Italy with approximately €105 million in revenue and 398 employees.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Net environmental impact of -5,039 person-equivalents/year avoided in 2023
- +3 more outcomes
Companies that use FINSEA
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
FINSEA technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature7 records
FINSEA partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Symbiotica (University of Bari Spin-off)coreAccredited academic spin-off of Università degli Studi di Bari Aldo Moro that conducted the Life Cycle Assessment (LCA) analysis for the group according to ISO 14040 and 14044 standards (ISO 2021).
- ARTI (Agenzia Regionale Tecnologia e Innovazione)coreARTI is a partner in Green Business Innovation project, co-financed by the European Union - European Regional Development Fund within the Greece-Italy European Territorial Cooperation Programme 2007-2013. The project aims to develop innovative entrepreneurship by promoting awareness, research, and adoption of green solutions and strengthen cooperation between institutions and businesses in cross-border areas.
- Acotel (Acotel Net)coreCollaboration between Niteko and Acotel for development of Light Cloud Series - a smart LED lighting management system with remote control capabilities using GSM frequencies. The LCG technology enables remote management of individual or area-based lighting scenarios.
- ECO ERIDANIA S.P.AcoreParent company that exercises 'attività di direzione e coordinamento' (direction and coordination activity) over Irigom Srl, a group company. This is a holding-subsidiary relationship within the larger Eco Eridania group.
- Municipalities of Puglia and BasilicatacoreGroup companies provide differentiated waste collection and urban hygiene services to multiple municipalities in Puglia and Basilicata through public service contracts.
- Research Bodies and UniversitiesminorContinuous R&D collaboration with research institutions and major universities for innovative production methods and techniques in organic fertilizer production and other group activities.
Scale indicators13 records
Recent moves7 records
Expansion highlights6 records
FINSEA competitors and assessment
Company assessmentBroad incumbents
- Veolia Italia S.p.A. Italian subsidiary of global environmental services giant Veolia, operating water, waste, and energy services across Italy. Represents international incumbent competition in the same municipal and industrial waste segments FINSEA serves.
- Iren S.p.A. Italian multi-utility group providing electricity, gas, water, and environmental services across northern and central Italy. Operates Iren Ambiente division for waste management — directly comparable scope of integrated utility services to FINSEA's ecosystem.
- Hera S.p.A. Italian multi-utility (gas, water, waste, energy) headquartered in Bologna serving Emilia-Romagna and beyond. Operates municipal waste collection contracts at significantly larger scale, representing a broader incumbent comparable to FINSEA's integrated service model.
- ACEA S.p.A. Rome-headquartered Italian utility group with environmental services, water, and energy operations. Comparable integrated utility-cum-environmental services business model serving Italian public-sector customers at meaningful scale.
Regional players
- Veritas S.p.A. Veneto-region multi-utility providing integrated environmental services (waste collection, water, energy) to municipalities around Venice. Comparable regional player structure with similar B2G service contracts and circular-economy positioning.
- ASM Terni S.p.A. Local multi-utility serving Terni municipality with waste, water, and energy services. Comparable regional-scale operator with public-sector contracts, similar in operating profile and customer base to FINSEA's municipal segment.
Direct peers
- ASJA Energy Italia S.r.l. Italian subsidiary of ASJA Energy producing energy from waste (landfill gas, biogas) and operating renewable energy plants. Comparable mid-market Italian operator in the intersection of waste management and renewable energy that FINSEA's energy division serves.
- A2A S.p.A. Major Italian multi-utility with A2A Ambiente division operating waste collection, recycling, and environmental services across northern Italy. Direct peer in integrated waste management and circular economy services with overlapping public-sector customer base.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
FINSEA social profiles
Digital presenceFINSEA compliance and trust
Trust signalCompliance2 records
FINSEA financial estimates
Financial estimateRevenue estimate
Valuation estimate
FINSEA leadership team
Management profileNumber of profiles
Profiles2 records
FINSEA subsidiaries and ownership
Company hierarchySubsidiaries18 records
FINSEA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FINSEA 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 FINSEA
What does FINSEA do?
Gruppo Finsea operates an integrated ecosystem of 18 companies delivering environmental services (differentiated and special waste collection, WEEE and PFU recycling, asbestos and contaminated site remediation), renewable energy and energy efficiency solutions (wind/solar plants, LED lighting with Light Cloud GSM remote control, SEM elevator energy recovery), organic agricultural products (fertilizers, legumes, microgreens, sprouts), and sustainability consulting. It serves municipalities in Puglia and Basilicata through public contracts and businesses across Italy via direct commercial relationships.
Is FINSEA a public or private company?
FINSEA is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was FINSEA founded?
FINSEA was founded in 1999. It employs 101 to 250 people.
Where is FINSEA based?
FINSEA is headquartered in La Martina, Italy, in the Europe region.
How does FINSEA make money?
Four revenue lines are on record. Environmental Services (Ecologia e Recupero) is the primary driver. The others are land and Biodiversity Products, energy and Technology and sustainability Consulting Services.
Who are FINSEA's main competitors?
Broad incumbents on record are Veolia Italia S.p.A., Iren S.p.A., Hera S.p.A. and ACEA S.p.A.. Regional players are Veritas S.p.A. and ASM Terni S.p.A.. Direct peers are ASJA Energy Italia S.r.l. and A2A S.p.A..
Does FINSEA have an API?
No public API is recorded for FINSEA.
What industry is FINSEA in?
FINSEA's product category is Environmental Services. Its primary akta.pro industry code is EUAEAAAF, Wind Power Plant EPC (Onshore/Offshore), with a secondary code of EUAEADAB, Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting). Its NAICS code is 2211 and its SIC code is 4950.