What CEMES does

C.E.M.E.S. S.p.A. (Costruzioni Elettroferroviarie, Meccaniche, Edili e Stradali) is an Italian infrastructure construction contractor headquartered in Pisa, founded in 1933 and operating with 251-500 employees across three Italian sites. The company operates as a B2B contractor pursuing large public and private infrastructure commissions throughout Italy, organised into five dedicated business units: Tecnologie (railway electrification, contact line construction, signalling systems, tunnel safety installations, electrical substations and lighting/power systems), Opere Civili (civil construction for residential, healthcare and hotel buildings), Energia (high, medium and low voltage power transmission and distribution, both overhead and underground, including emergency response for service restoration), Infrastrutture Aeroportuali (airport air-side flight facilities and land-side terminal construction), and Costruzioni Meccaniche (in-house fabrication of light and heavy metal carpentry and steel structural components at the Via Montelungo workshop).

The company's underlying technology is multi-disciplinary rather than proprietary, integrating electromechanical installation, civil engineering and mechanical fabrication capabilities into a single delivery model. The in-house carpentry workshop provides vertical integration into structural steel supply, reducing third-party dependency. C.E.M.E.S. maintains an extensive compliance and certification portfolio (SA8000, ISO 37001, ISO 50001, ISO 14001, ISO 30415, UNI PDR 125, D.Lgs 231/2001, D.Lgs 24/2023) that functions as a qualification prerequisite for participating in Italian public infrastructure tenders. The pricing model is project-based through tender processes; no standardised pricing is published and contract values are determined per project.

The company is privately held, wholly-owned by Savimag S.r.l. (the holding entity within the Madonna group exercising direction and coordination under Italian Civil Code art. 2497-bis), with a paid-in share capital of €2,634,150.00. No venture or private equity backing is disclosed. Revenue flows primarily through Italian public-sector tenders targeting rail authorities, airport operators, energy utilities and grid operators, with private developers and construction firms as secondary counterparties for civil works and carpentry components. Geographic footprint is exclusively domestic Italian.

Name

CEMES

Legal name

C.E.M.E.S. S.p.A.

Website

https://cemes-spa.com

Company type

Private

Founded year

1933

Operating status

Operating

Headcount range

251–500 employees

Short description

C.E.M.E.S. S.p.A. is a privately held Italian infrastructure contractor (founded 1933, Pisa) executing multi-disciplinary rail, airport, energy, civil and mechanical projects for public authorities and private clients across Italy through five business units.

Ownership category

akta.pro rank

Product category

Infrastructure Construction Services

NAICS

Utility System Construction (2371), Power and Communication Line and Related Structures Construction (237130), Nonresidential Building Construction (2362), Commercial and Institutional Building Construction (23622)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Water, Sewer, Pipeline, Comm & Power Line Construction (1623), General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Rail Electrification Systems Construction (OCS/OHL, Third Rail) (IMAFAFAB)

akta.pro secondary industries

Airport Terminal & Aviation Facilities Building Construction (IMAFACAL), O&M, Upgrades & Refurbishment of T&D Assets (Reconductoring, Rebuilds) (IMAFAHAM), Tunnels & Underground Rail Civil Construction (IMAFAFAE)

Keywords

• Railway electrification
• Airport infrastructure construction
• Energy distribution networks
• Civil engineering works
• Structural steel fabrication

Headquarters

HQ city

Pisa

HQ country

Italy

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Infrastructure Construction Services: Revenue is generated through large-scale construction and infrastructure projects for rail, airport, energy, and civil engineering sectors. Projects include contact line construction, railway electrification, tunnel safety systems, signalling installations, electrical substations, airport terminals and flight facilities, and high/medium/low voltage energy infrastructure. Work is pursued through public and private tenders across Italy.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

C.E.M.E.S. S.p.A. is an Italian infrastructure construction company that designs and builds railway electrification, signalling, and tunnel safety systems, airport terminals and flight facilities, high/medium/low voltage energy distribution networks, civil construction works (residential, healthcare, hotel), and in-house metal carpentry and steel structural components. Projects are pursued through public tenders and private commissions across Italy for public authorities and large infrastructure operators.

Product overview

C.E.M.E.S. S.p.A. is a specialized infrastructure construction company operating across five distinct business units: Tecnologie (railway electrification and electrical infrastructure), Opere Civili (civil construction), Energia (power distribution), Infrastrutture Aeroportuali (airport infrastructure), and Costruzioni Meccaniche (mechanical metal construction). The Tecnologie unit provides railway electrification through sub-products for electric traction, railway infrastructure, signalling systems, electrical substations, and lighting. The Energia division handles high, medium, and low voltage power transmission. Airport infrastructure includes flight facilities and terminal construction. All mechanical components are manufactured in-house at the company workshop.

Differentiator

Problem solved

Functional benefit

Products and services

• Tecnologie (Railway Technologies) Specialised construction service for railway electrification and signalling: contact line construction, rail network electrification, tunnel safety installations, signalling systems, electrical substations and transformer cabins, and lighting and motor power systems. Sold to public rail authorities and public transport operators via tenders.
• Opere Civili (Civil Works) Design and construction of residential, healthcare, and hotel buildings plus civil engineering works. Sold to private developers and public entities.
• Energia (Energy Distribution) Construction, installation, and maintenance of high voltage (AT), medium voltage (MT), and low voltage (BT) power transmission and distribution networks, both overhead and underground, plus rapid-intervention emergency electrical service restoration. Sold to energy utilities and grid operators.
• Infrastrutture Aeroportuali (Airport Infrastructure) Design and construction of airport air side flight facilities (runways, taxiways) and land side terminal buildings. Sold to airport operators.
• Costruzioni Meccaniche (Mechanical Constructions) In-house manufacturing of light and heavy metal carpentry, structural components, and steel structure kits for the construction and technology sectors, produced at the company's Pisa workshop. Sold to construction and technology companies.

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Vianini Lavori: Italian civil engineering and infrastructure contractor (Caltagirone group) active in transport, energy, and civil works. Comparable mid-market competitor pursuing similar Italian public tender pipeline.
• ICM Group: Italian mid-market infrastructure contractor with civil, public works, and energy infrastructure exposure. Directly comparable in scale and tender pursuit strategy to CEMES.
• Mermec: Specialist in railway diagnostics, signalling, and systems integration. Competes with CEMES's rail signalling and electrical substations sub-products and serves similar Italian rail customers.
• Toto Group: Italian construction and infrastructure group with airport, civil, and energy infrastructure projects. Comparable to CEMES in airport infrastructure (Infrastrutture Aeroportuali BU) and multi-vertical delivery model.
• Salcef Group: Italian listed rail infrastructure specialist offering railway construction, maintenance, electrification, and rail equipment services. The closest direct competitor to CEMES's Tecnologie business unit, competing for the same Italian rail tenders.

Broad incumbents

• Alstom: Global rail equipment and signalling supplier with operations in Italy. Competes with CEMES on signalling and rail electrification systems, though typically as a technology supplier rather than contractor.
• Impresa Pizzarotti: Italian general contractor with diversified infrastructure, civil, and energy projects. Competes with CEMES for large public tenders, particularly in civil and energy infrastructure.
• Webuild: Italy's largest general infrastructure contractor, with major exposure to rail, civil works, and energy infrastructure. Competes with CEMES for large multi-disciplinary infrastructure tenders but operates at materially larger scale.
• Hitachi Rail: Global rail signalling and systems integrator with significant Italian operations (ex-Ansaldo). Competes with CEMES's signalling and electrical substations work through technology-driven offerings.

Regional players

• I.CO.P. Italian infrastructure contractor specialising in foundations, civil works, and underground construction. Comparable scale and domestic focus, with overlapping capability in tunnel and underground rail civil construction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/c.e.m.e.s.-s.p.a.

Compliance8 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 CEMES