What Thytronic does

Thytronic S.p.A. is an Italian designer, manufacturer, and integrator of protection relays, automation systems, and SCADA solutions for electrical power transmission and distribution networks. The company is headquartered in Milan with production in Padua and engineering/SCADA development at the Barcelona-based subsidiary iGrid T&D, employing between 51 and 100 staff. Its product portfolio is structured as two relay families — PRO-N (feeder, motor, transformer, generator, capacitor bank, and interface protection) and XMORE/XMR (XMR-P/A/V/D/T/C/L advanced IEDs) — sitting on top of a vertically-integrated automation stack that includes the iRTU remote terminal unit, BCU bay controllers, iGW gateways, iControl SCADA, ThyPPC power plant controllers, the iCCI system, UPDM peripheral defense units, and BMU bay monitoring units. All products are built around IEC 61850 (GOOSE/MMS), IEC 60870-5, DNP3.0, and Modbus, with documented performance metrics such as <10ms UPDM command response, 2ms arc flash detection, and 50ms line differential trip times. The company also sells ThyVisor configuration software (free base version with paid licenses for ThyPLC and ThyOSC), provides commissioning and engineering services via the Ele.Cos. subsidiary, and runs the Thytronic Academy training center in Milan.

Revenue is generated primarily through direct hardware sales of protection relays and automation systems, complemented by engineering services (selectivity studies, short-circuit calculations, commissioning) and paid training. Pricing is quote-based, not publicly disclosed. Go-to-market is enterprise field sales to TSOs (notably Terna, with approximately €30 million of ongoing HV-station projects), DSOs, utilities, renewable generators (wind, PV, hydro, BESS), and large industrial customers (oil & gas, fertilizers, mining, ports, semiconductors), supplemented by exclusive distributors in Southern Africa (DIPRO Consulting, since 2002), Turkey (Form Elektrik, since 2008), and India (AVR Electronics, formalized 2025), plus integration partners such as Geotech and Tecnimont.

The competitive position rests on a multi-decade domain specialization, Terna Class A+ and IEC 62443-4-1 cybersecurity certifications, compliance with CEI 0-16 and ARERA grid codes, and a complete proprietary stack from protection IEDs through SCADA. Founded in 1964 and remaining privately held, Thytronic is owned by Mattia Fiore and operates without disclosed external funding or major headcount growth, focusing instead on certification-led and regulation-driven extension of its installed base.

Name

Thytronic

Legal name

Thytronic S.p.A.

Website

https://thytronic.com

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

51–100 employees

Short description

Thytronic S.p.A., founded 1964 and based in Milan, designs, manufactures, and integrates protection relays, SCADA, and substation automation systems for electrical transmission and distribution operators, utilities, renewable generators, and large industrial customers across Europe, Africa, and Asia.

Ownership category

akta.pro rank

Product category

Electrical Power Grid Protection Relays and Substation Automation

NAICS

Relay and Industrial Control Manufacturing (335314)

SIC

Electrical Industrial Apparatus (3620)

akta.pro primary industry

Protection, control & substation automation engineering (relay/RTU/IEC 61850) (EUADAKAD)

akta.pro secondary industries

Control Room HMI/Visualization, Alarm & Event Management (EUADAEAJ), Public Carrier Connectivity & Managed Services for Utility WAN (MPLS, DIA, APN) (EUADAIAG), Testing, Commissioning & Energization Services (T&C) (IMAFAHAK)

Keywords

• Protection relays
• Substation automation
• SCADA systems
• Power grid protection
• IEC 61850 IEDs

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices3 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. Protection Relay Sales: Sale of protective relay hardware including feeder, transformer, motor, generator, and grid interconnection protection relays from the PRO-N and XMORE families. Products are sold directly to utilities, DSOs, TSOs, and industrial customers.
2. Automation & Control System Sales: Sale of RTU, BCU, Gateway, SCADA, PPC, CCI, UPDM, and BMU systems for substation automation and network monitoring. These are typically sold as integrated turnkey solutions to transmission and distribution operators.
3. Engineering Services: Advanced engineering services including protection system design, selectivity and coordination studies, short-circuit calculations, relay configuration and commissioning, FAT and SAT testing, and on-site installation and commissioning support. Offered as a bundled or standalone service.
4. Training Services (Thytronic Academy): Classroom, remote, and on-site training courses covering relay configuration, programming, parameterization, commissioning, testing, and hands-on practical sessions with Thytronic products. Customized courses available on request.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Thytronic designs, manufactures, and integrates protection relays (PRO-N family and XMORE/XMR advanced IEDs), substation automation equipment (RTU, BCU, Gateway, SCADA, PPC, CCI, UPDM, BMU), and supporting configuration software (ThyVisor, ThyPLC, ThyOsc), plus engineering and training services for transmission system operators, distribution system operators, utilities, renewable energy producers and large industrial customers across global power grid markets.

Product overview

Thytronic is a global company with 60 years of experience designing, manufacturing, and integrating protection, automation, control, and monitoring solutions for power grids. The product portfolio operates as a modular platform-plus-components architecture. The core offerings include two protection relay families: PRO-N (feeder, motor, transformer, generator, capacitor bank, and interface protection relays including NA10, NA11, NA016, NA20, NA21, NA30, NA60, NM10, NM20, NC20, NG10, NG20, NV10B, NV10P, NV021, SPR10) and XMORE/XMR Series (advanced IEDs including XMR-P, XMR-A, XMR-V, XMR-D, XMR-T, XMR-C, XMR-L, XMRD). These protection relays form the foundational layer and are supported by ThyVisor (configuration software) and ThyPLC (PLC programming). The automation ecosystem comprises RTU, BCU, iControl SCADA, iGW/iGWlite gateways, PPC (Power Plant Controller), iCCI System, UPDM, and BMU for comprehensive substation automation, monitoring, and control. Supporting services include Thytronic Academy (training) and Engineering Services (selectivity studies, commissioning). The company serves utilities, renewable generation (solar, wind, hydroelectric), oil & gas, transportation, and industrial sectors across global markets.

Differentiator

Problem solved

Functional benefit

Brands

• PRO-N: Protection relay family including feeder, transformer, motor, generator protection relays, and interface protection devices (NA, NV, NC, NG, NM series)
• XMORE
• iControl SCADA
• iCCI System
• ThyVisor
• Thytronic Academy

Products and services

• PRO-N Family Protection Relays Complete line of protection relays including feeder (NA10, NA11, NA016, NA20, NA21, NA30, NA60), motor (NM10, NM20), transformer, generator (NG10, NG20), capacitor bank (NC20), interface protection (NV10B, NV10P, NV021), and secondary MV protection (SPR10) relays for power generation and distribution applications. Targets utilities, DSOs, and industrial customers.
• XMORE Platform (XMR Series) IEDs Advanced, high-end Intelligent Electronic Devices for protecting, monitoring, and controlling electric power systems across Utility, Renewable Generation, Oil & Gas, Transportation, and large industrial markets. Modular hardware and software architecture with performance scalability; includes XMR-P (multifunction feeder/transformer/motor), XMR-A (feeder), XMR-V (interface/Loss of Main), XMR-D (directional), XMR-T (transformer), XMR-C (capacitor banks, launched July 2024), XMR-L (MV line differential, March 2026), and XMRD (transformer differential).
• iRTU Remote Terminal Unit Integrated and modular platform for automation and remote control of High Voltage (HV) and Medium Voltage (MV) distribution substations. Supports IEC 60870-5-101/104/103/102, Modbus TCP-IP/RTU, DNP3.0, IEC 61850 MMS/GOOSE, DLMS, Profibus, and OPC UA with redundant CPUs; GOOSE transmission under 3 ms, IEEE 1588 PTP synchronization, PRP redundancy. Terna specification compliant.
• BCU Bay Control Unit Advanced, compact bay-level control units with high-density I/O, multi-protocol support, AC/DC analog measurements, color HMI, and digital fault recording, integrating all auxiliary functions of electrical substations in a single unit for bay-level control and monitoring.
• iControl SCADA SCADA software for substation automation, energy distribution systems, and automated control of generation processes with intelligent HMI for real-time monitoring and control, advanced data acquisition, event playback, SAIDI/SAIFI reports, SQL database model, alarm/event management, and web-based visualization via iControl web viewer. Supports Modbus, IEC 61850 MMS/GOOSE, IEC 60870-5-104/101, DNP3.0, and OPC UA.
• iGW / iGWlite Gateway Smart, configurable platforms for substation automation, data and event summarization, and protocol conversion. iGW supports IEC 61850 (MMS/GOOSE), DNP3, DLMS, Modbus, Procome with NTP/PTP synchronization, PRP & HSR redBox redundancy, internal IEC 61131-3 PLC, and SD-card expandable memory. iGWlite is a compact DIN-rail mounted version for protocol conversion between different standards.
• ThyPPC Power Plant Controller Control and regulation system for managing active and reactive power at interconnection points of renewable energy plants. Complies with Terna Grid Code A.17 (wind), A.68 (photovoltaic), and A.79 (battery storage), enables Dispatching Services Market (MSD) participation, provides RTU interface for TSO communication, transmits commands to inverters via Modbus TCP-IP, Profinet, CAN, OPC, and includes mandatory UPDM hardware interface.
• iCCI System Central Plant Controller system for medium-voltage production plants, compliant with CEI 0-16 and ARERA Resolution 385/2025/R/eel. Wall-mounted cabinet includes GPS, AC/DC converter, iCCI digital controller with IEC 61850 license, and three-year cybersecurity certificate (IEC 62443-4-1, IEC 62443-4-2, IEC 62351-100-3). Required for plants ≥100 kW.
• UPDM Peripheral Defense and Monitoring Unit Peripheral Defense and Monitoring Unit certified Class A+ by Terna per specification TSPSD0707. Acquires real-time measurements from protection and control systems, implements disconnection and production modulation commands from Terna's central defense system with response time under 10 ms. Interfaces with multiple Terna centers across separate networks with distributed intelligence architecture.
• BMU Bay Monitoring Unit Bay monitoring unit that records electrical parameters and protection device behavior during transient events. Complies with Annex A.7 of Terna Grid Code, transmitting recordings in COMTRADE format (IEEE C37.111-2013) with IEEE C37.232 naming conventions; Terna-certified for SAS and DIGIS frameworks.
• ThyVisor Configuration Software (with ThyPLC and ThyOsc modules) Configuration and supervision software for Thytronic protection relays. Base ThyVisor version is free; optional paid licenses are required for ThyOSC (oscillography retrieval) and ThyPLC (PLC code editing). Supports offline configuration, calibration file management, relay parameter editing, oscilloperturbography data retrieval, PLC program upload, clock synchronization, and Modbus communication programming for PRO-N and XMORE families.
• Engineering Services Comprehensive engineering services including protection scheme design, selectivity and coordination studies, short-circuit calculations, relay configuration and commissioning, IED selection, component specifications, mechanical/electrical drawings, logic program development, third-party device integration, FAT/SAT testing, and on-site installation and commissioning support. Offered as bundled or standalone services.
• Thytronic Academy Training Training center at the Milan headquarters equipped with audiovisual technologies and relay simulation tools. Offers classroom, remote, and on-site courses covering relay configuration, programming, parameterization, commissioning, testing, and relevant national/international standards, with practical hands-on sessions and customized courses available on request.

Quantifiable outcome

• UPDM response time of less than 10ms from message reception to simultaneous execution of all prepared commands
• +5 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Eight partnerships are on record, tiered core, flagship and major.

• AVR ElectronicscoreChannel Partner/ Reseller/ Distributor · 10 September 2025AVR Electronics is Thytronic's first technical partner in India. Following decades of informal collaboration beginning in the late 1990s and renewed contact at MEE Dubai, the partnership was formalized in 2025. AVR Electronics underwent intensive specialized training by Thytronic engineers to independently manage technical aspects including system design and customer service for the Indian market.
• TernaflagshipTechnology or Integration · 1 January 2018Terna S.p.A. is the Italian Transmission System Operator (TSO). Thytronic qualified as a Terna supplier of automation and control systems for HV stations in 2018 after the integration of iGrid T&D and Ele.Cos. The company has ongoing projects with Terna worth approximately €30 million covering monitoring, automation, and protection systems. Completed approximately 10 monitoring systems in central and northern Italy.
• IGrid T&DcoreStrategic or Co-development Partner · 1 January 2017iGrid T&D is a wholly-owned subsidiary of Thytronic based in Barcelona, Spain, specializing in SCADA systems, remote terminal units (RTUs), and gateways. The integration of iGrid's expertise was a key enabler for Thytronic's qualification as a supplier of automation and control systems for Terna's HV stations. iGrid provides extensive expertise in major communication protocols including IEC 61850.
• Ele.Cos.coreStrategic or Co-development Partner · 1 January 2017Ele.Cos. is a wholly-owned subsidiary of Thytronic based in Veneto, Italy, specializing in system engineering. Its integration strengthened Thytronic's capability to provide comprehensive turnkey automation and control solutions, complementing the protection relay and SCADA product portfolios.
• Form ElektrikcoreChannel Partner/ Reseller/ Distributor · 1 January 2008Form Elektrik, founded in 1992 and based in Istanbul, is a leading player in construction and electrical engineering serving energy infrastructure, industrial plants, and high-tech projects in Turkish and international markets. Thytronic and Form Elektrik celebrated 17 years of collaboration in 2025, contributing to advanced protection and automation solutions in key projects.
• DIPRO ConsultingcoreChannel Partner/ Reseller/ Distributor · 1 January 2002DIPRO Consulting is the exclusive distributor of Thytronic protection relays and iGrid T&D automation solutions across Southern Africa. The partnership has spanned over 22 years since 2002, serving electrical supply, mining, industrial, and utility sectors. DIPRO has delivered successful installations including 20 XMRD transformer differential protection relays and 200 NA10 relays for Johannesburg substations.
• Geotech SrlmajorImplementation/ SI/ Consulting PartnerGeotech Srl is an Italian engineering company founded in 1998 in Morbegno, providing technical consulting in the energy sector with ~40 collaborators including electrical and mechanical engineers. Geotech and Thytronic are collaborating on a major industrial project for a semiconductor manufacturer's plant expansion from 10 to 30 MW, where Thytronic provides the protection system engineering study, XMR-P IEDs, SCADA automation system, and commissioning support.
• TecnimontmajorImplementation/ SI/ Consulting PartnerTecnimont is a well-known contractor responsible for engineering, supply of materials, construction, commissioning and testing, and operator training for ANWIL's granulation plant project in Poland. Thytronic supplied SCADA and XMORE protection relays as part of this large-scale fertilizer production facility.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• NR Electric: NR Electric is a Chinese specialist in protection relays, substation automation, and IEC 61850-based control systems. Its PCS-9000/PCS-220 series cover feeder, transformer, line-differential and busbar protection, paralleling Thytronic's XMR range.
• Beckwith Electric: Beckwith Electric is a US-focused specialist in transformer, generator, and feeder protection relays, with overlapping products to Thytronic's NG/NM/NA families and strong pull in industrial and renewable generation markets.
• Schweitzer Engineering Laboratories (SEL): SEL is a US-based specialist manufacturer of protection relays, IEDs, and automation controllers. Its SEL-451, SEL-487B and related protective relays compete head-to-head with Thytronic's XMR series in transmission, distribution, and industrial protection projects.

Others

• OMICRON Electronics: OMICRON is a leading manufacturer of protection-relay test equipment (CMC series) and IEC 61850 engineering tools. It complements rather than competes with Thytronic's relay portfolio, serving overlapping utility customers with commissioning, testing, and cyber-security validation.

Emerging players

• Cofely / Ingeteam (power plant controllers): Ingeteam's Power Plant Controllers (PPC) and Indar protection relays target renewable interconnection and HV/MV substation markets — directly competing with Thytronic's ThyPPC and iCCI System for utility-scale PV/wind/Storage integration projects.

Broad incumbents

• GE Vernova (Grid Solutions / Multilin): GE Vernova's Grid Solutions business (Multilin UR-series relays, Reason RTUs, and PowerOn substation automation software) competes with Thytronic across transmission protection, MV substation automation, and renewable plant controller markets.
• Siemens (Smart Infrastructure - SICAM / Reyrolle): Siemens' Smart Infrastructure division (SICAM, Reyrolle, SIPROTEC protection relays) is one of the largest players in substation automation, IEC 61850 devices, and grid SCADA — overlapping with Thytronic's relay and automation portfolio in Italy and globally.
• Schneider Electric (Easergy / Sepam): Schneider Electric's Easergy P-series and Sepam protection relays, together with EcoStruxure substation automation and Power SCADA, directly compete with Thytronic's PRO-N and XMORE relays across utility and industrial protection tenders.
• Eaton (Power Xpert / T-series Relays): Eaton's Electrical Sector produces feeder, transformer and motor protection relays (T-series, Power Xpert) plus substation automation components, competing with Thytronic's PRO-N family and XMR range in industrial and utility applications.
• ABB (now Hitachi Energy for grid business): Hitachi Energy (formerly ABB Power Grids) is the global market leader in protection relays, IEDs and substation automation. It competes directly with Thytronic on REF/REL series relays, COM600 substation automation, and IEC 61850 platforms across TSOs/DSOs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/thytronic
• Xx.com/thytronic

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 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 Thytronic