What MITA Group does

MITA Group S.p.A. is a privately held Italian industrial group founded in 1960 and headquartered in Milan, Italy. It operates as a consortium of five specialized companies — MITA Cooling Technologies (Siziano, Italy), TORRAVAL Cooling (Leioa, Spain), Frigofluid (Bedizzole, Italy), Intercal (Barcelona, Spain), and PWE Power Engineering (Novi Ligure, Italy) — providing design, construction, and commercialization of complete industrial cooling and refrigeration systems. The group's portfolio spans evaporative and adiabatic cooling towers, dry coolers, subcoolers, industrial chillers, temperature control units, and turnkey refrigeration systems, supported by an advanced selection/optimization software suite used across subsidiaries and a dedicated R&D Lab with Climate Chamber opened in Siziano in 2026. The group has installed more than 60,000 machines since 1960 and serves enterprise clients across process industry, heavy industry, industrial refrigeration, HVAC/R, and civil sectors in Italy, Spain, and selected global markets. Named customers include ArcelorMittal, SSAB, Ansaldo Energia, Air Liquide, Adisseo, Mutti, Hero, RAI, and the Istituto Italiano di Tecnologia.

The business model combines hardware sales (cooling towers, chillers, temperature control units, turnkey refrigeration plants) with recurring professional services (installation, revamping, regeneration, maintenance) and engineering consulting (PWE). Pricing is project-based and non-public, with each engagement calibrated through a consultative "advisor before manufacturer" sales approach delivered via a direct enterprise sales force, an Italian agent network, and a dedicated Iberian service channel through TORRAVAL and Intercal. Revenue streams include cooling systems and equipment sales (hardware), installation and maintenance services (services), engineering consulting (services), and custom turnkey refrigeration systems (hardware). Following the September 2024 divestiture of MITA Water Technologies to Axius Water, the group has refocused on industrial cooling and refrigeration. The group is led by Alessandro Fontana as CEO and Chairman and remains privately held without disclosed external institutional ownership.

Name

MITA Group

Legal name

MITA Group S.p.A.

Website

https://mitagroup.it

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

51–100 employees

Short description

MITA Group S.p.A. is a privately held Italian industrial group of five specialized companies providing design, construction, and servicing of industrial cooling and refrigeration systems — cooling towers, chillers, and temperature control units — for enterprise clients across process, heavy industry, and HVAC/R sectors in Italy and Spain.

Ownership category

akta.pro rank

Product category

Industrial Cooling Systems

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Refrigeration Equipment and Supplies Merchant Wholesalers (423740)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580), Heating Equipment, Except Electric & Warm Air Furnaces (3433)

akta.pro primary industry

HVAC & Refrigeration Contracting (IMAFALAB)

akta.pro secondary industries

Chillers & Cooling Plant Equipment (IMAHAKAE), Chillers, Boilers & Central Plant Operations (BPABACAG), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), HVAC & Industrial Ventilation (Chillers, AHUs, Exhaust, Filtration) (EUAEAFAE)

Keywords

• Industrial cooling systems
• Cooling tower manufacturing
• Industrial refrigeration equipment
• HVAC process cooling
• Engineering consulting services

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Cooling Systems and Equipment Sales: Design, construction, and marketing of complete cooling and industrial refrigeration systems and plants. Revenue generated from selling cooling towers, dry coolers, adiabatic coolers, industrial chillers, and temperature control units.
2. Installation and Maintenance Services: Intercal provides installation, repair and maintenance services for cooling towers and evaporative condensers. TORRAVAL offers revamping and regeneration services for large cooling towers.
3. Engineering Consulting Services: PWE Power Engineering provides specialized consulting and design services in industrial thermotechnics, mechanical and civil engineering, and electrical engineering HV/MV/LV.
4. Custom Turnkey Refrigeration Systems: Frigofluid provides complete industrial refrigeration plants including chillers, heat exchangers, electrical and plumbing connections, and heat balancing temperature control units.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

MITA Group designs, constructs, and commercializes complete industrial cooling and refrigeration systems and plants. The group operates through five specialized companies (MITA Cooling Technologies, TORRAVAL Cooling, Frigofluid, Intercal, and PWE Power Engineering) that together deliver cooling towers, dry coolers, adiabatic coolers, subcoolers, industrial chillers, temperature control units, field-erected cooling towers, installation/maintenance services, and engineering consulting for process industry, heavy industry, HVAC/R, and civil sector clients.

Product overview

MITA Group is a consortium of five specialized companies offering complete industrial cooling and refrigeration solutions. The portfolio includes MITA Cooling Technologies (evaporative and adiabatic cooling towers, dry coolers, subcoolers since 1960), TORRAVAL Cooling (field-erected cooling towers for large plants including steel mills and oil & gas, founded 1967), Frigofluid (industrial process chillers, temperature control units, turnkey refrigeration systems), Intercal (installation and maintenance services for cooling towers), and PWE Power Engineering (engineering consulting and design). The Group also developed ECONOMAX for water recovery in ice cream parlors. All companies use advanced selection and optimization software for energy analysis and ROI calculation. MITA Group was established as S.p.A. in December 2018 and follows a consultative approach, offering the most suitable technology based on customer needs rather than preconceived solutions.

Differentiator

Problem solved

Functional benefit

Brands

• ECONOMAX: Cooling towers specialized for craft ice cream parlours, designed to recover 95% of the water used.

Products and services

• Industrial Cooling Towers (Evaporative and Adiabatic) Evaporative and adiabatic cooling towers for industrial process and HVAC/R applications, delivered by MITA Cooling Technologies in Siziano (Pavia), Italy.
• Dry Coolers and Subcoolers Dry coolers and subcoolers for process industry and HVAC/R applications, supplied by MITA Cooling Technologies.
• Field-Erected Cooling Towers Large-scale field-erected cooling towers for process industry, HVAC, industrial and commercial refrigeration, power generation, and oil and gas, supplied by TORRAVAL Cooling.
• Industrial Process Chillers and Temperature Control Units Industrial process chillers and water/oil-operated temperature control units for industrial processes, supplied by Frigofluid in Bedizzole (Brescia), Italy.
• Turnkey Industrial Refrigeration Systems Complete industrial refrigeration plants including chillers, heat exchangers, electrical and plumbing connections, and heat balancing temperature control units, delivered by Frigofluid.
• ECONOMAX Water Recovery Cooling Towers Cooling towers specialized for craft ice cream parlors, designed to recover 95% of the water used in the cooling process.
• Cooling Tower Regeneration Services Remanufacturing of cooling towers to deliver 'as good as new' performance using a standardized process including testing and certification, provided by MITA Cooling Technologies.
• Field-Erected Cooling Tower Revamping Services Revamping of field-erected cooling towers to improve energy efficiency and acoustics via targeted interventions on internal and mechanical components, provided by TORRAVAL Cooling.
• Cooling Tower Installation and Maintenance Services Installation, repair, and maintenance of cooling towers and evaporative condensers across the Iberian Peninsula, provided by Intercal (Barcelona).
• Engineering Consulting and Design Services Specialized consulting and design in industrial thermotechnics, mechanical and civil engineering, and HV/MV/LV electrical engineering, delivered by PWE Power Engineering.
• Used Chillers Supply Range of used chillers including environmentally friendly and low temperature-specific options, ensuring quick response to customer needs, supplied by Frigofluid.

Quantifiable outcome

• ECONOMAX towers recover 95% of water used in craft ice cream parlors
• +1 more outcomes

Named customers10 records

Segments5 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

Five partnerships are on record, tiered core.

• MITA Cooling TechnologiescoreOthersCore subsidiary specializing in cooling technologies for process industry and HVAC/R sector. Located in Siziano (Pavia), Italy, providing cooling towers, dry coolers, adiabatic coolers and subcoolers.
• TORRAVAL CoolingcoreOthersCore subsidiary specializing in field-erected cooling towers for large industrial plants. Founded in 1967, located in Leioa (Basque Country), Spain. Offers evaporative and adiabatic cooling solutions for process industry, HVAC, industrial and commercial refrigeration.
• FrigofluidcoreOthersCore subsidiary specializing in industrial refrigeration. Active since 1995, located in Bedizzole (Brescia), Italy. Provides industrial process chillers, temperature control units, and turnkey industrial refrigeration systems.
• IntercalcoreOthersCore subsidiary providing installation and maintenance services. Based in Barcelona (Catalonia), Spain with over 35 years of history. Specializes in installation, repair and maintenance of cooling towers and evaporative condensers in the Iberian Peninsula.
• PWE Power EngineeringcoreOthersEngineering partner company providing specialized consulting and design services. Founded in 2016 with over 20 years of prior experience, located in Novi Ligure (Alessandria), Italy. Services include industrial thermotechnics, mechanical and civil engineering, and HV/MV/LV electrical engineering.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Frigel: Italian-headquartered manufacturer of process chillers and temperature control units. Closely matches Frigofluid's industrial process chiller and temperature control product line, serving similar European plastics, food, and metalworking customers.
• Baltimore Aircoil Company (BAC): Global manufacturer of evaporative cooling towers, adiabatic coolers, and ice thermal storage. Directly competes with MITA Cooling Technologies in process and HVAC cooling towers worldwide.
• SPX Cooling Technologies: Direct peer manufacturing evaporative cooling towers, dry coolers, and air-cooled heat exchangers for industrial and HVAC applications. Closely matches MITA Cooling Technologies' and TORRAVAL Cooling's core cooling-tower offering.
• EVAPCO: Manufacturer of cooling towers, closed-circuit coolers, and ice storage systems serving industrial, HVAC, and refrigeration markets. Directly comparable product portfolio to MITA's evaporative and adiabatic cooling lines.
• Hamon: European specialist in cooling towers and air-cooled condensers for power and industrial applications. Directly comparable to TORRAVAL Cooling's field-erected cooling tower business and large-plant revamping services.

Broad incumbents

• Johnson Controls: HVAC, controls, and building services incumbent with industrial cooling and refrigeration offerings. Comparable at the broad-portfolio level for plants specifying combined equipment + service solutions.
• Alfa Laval: Global manufacturer of heat exchangers, chillers, and process equipment for industrial customers. Closely comparable heat-transfer componentry to PWE Power Engineering's consulting scope and Frigofluid's chillers.
• Carrier Global: Global HVAC and refrigeration incumbent offering chillers, air handling, and industrial refrigeration. Comparable as a broad incumbent serving similar industrial and process-cooling end-markets.
• GEA Group: Large industrial equipment supplier with significant heat exchangers, chillers, and refrigeration systems portfolio. Overlaps with Frigofluid's industrial chillers and PWE's process cooling engineering.
• Trane Technologies: Global HVAC and refrigeration OEM with extensive industrial cooling portfolio and service network. Comparable as a broad incumbent offering overlapping chillers, cooling systems, and service capabilities across commercial and industrial customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

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Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

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 MITA Group