What Cosmi does

Cosmi S.p.A., headquartered in Ravenna, Italy and founded in 1974, is an industrial engineering, construction and maintenance services provider serving primarily Oil & Gas operators in Italy and internationally. The company delivers end-to-end industrial plant services — from feasibility studies and engineering design through construction, brownfield modification, technical maintenance, integrated logistics, and EPC turn-key delivery — with multi-year, quote-based enterprise contracts. Operations are organized under the Cosmi Holding S.p.A. umbrella through wholly-owned subsidiaries: Progepi S.r.l. SU (engineering design for chemical, petrochemical and ecological sectors), Aquavis S.r.l. SU (renewable energy plant design and commissioning), Cosmi Libyan Branch (Tripoli, Oil & Gas operations) and STL Oil & Gas Services Lda (Pemba, Mozambique workshop and logistics).

The group's most differentiated technology is Asset Integrity 4.0, launched in 2020 under a three-year Memorandum of Understanding with Akselos. It applies Akselos' patented Reduced Basis (RB-FEA) structural simulation technology to a digital twin that ingests sensor, inspection and non-destructive-testing data to deliver near real-time structural integrity monitoring and predictive insights for large industrial assets. Underlying compliance infrastructure includes ISO 9001 (since 1993), ISO 14001 (since 2003) and ISO 45001 (since 2014) certifications issued by RINA, supporting eligibility for enterprise Oil & Gas bidding.

Cosmi makes money through project-based professional services and construction contracts, supplemented by managed-services revenue tied to the Asset Integrity 4.0 platform. Pricing is not publicly disclosed and is quote-driven per project; billing cadence is multi-year contract. Go-to-market is enterprise field sales targeting Italian and international Oil & Gas majors, with a corporate website, LinkedIn presence, supplier qualification portal, and direct customer support forms as the principal channels. The group is privately held under Cosmi Holding S.p.A., with stated social capital of €1,500,000 i.v., and has grown organically since 1974 without disclosed venture or private equity funding.

Name

Cosmi

Legal name

Cosmi S.p.A.

Website

https://gruppocosmi.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

11–50 employees

Short description

Cosmi S.p.A. is a Ravenna-based Italian B2B engineering, construction and maintenance services provider that designs, builds and services industrial plants primarily for Oil & Gas operators in Italy, Libya and Mozambique, and offers an Asset Integrity 4.0 digital twin platform developed with Akselos.

Ownership category

akta.pro rank

Product category

Oil & Gas Engineering Services

NAICS

Oil and Gas Pipeline and Related Structures Construction (237120), Engineering Services (541330), Industrial Building Construction (23621)

SIC

Oil & Gas Field Services, Nec (1389), Heavy Construction Other Than Bldg Const - Contractors (1600), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE)

akta.pro secondary industries

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ), System & Subsystem Commissioning (Mechanical/Electrical/I&C) (EUAEAJAB), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

Keywords

• Industrial plant construction
• Oil and gas engineering
• Asset integrity management
• Brownfield modification services
• Digital twin monitoring

Headquarters

HQ city

Ravenna

HQ country

Italy

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Industrial Plant Construction Services: COSMI develops and supplies engineering solutions for industrial plants construction, heavy steel structures, manifold subsea, skid units and anything related to the Oil & Gas field. The company takes care of the construction of industrial plants from the very early stages until turn-key delivery.
2. Integrated Logistics Services: COSMI supplies tailored solutions of project integrated logistics taking care of the whole material and equipment management, during revision and requalification interventions, as well as during the construction of Oil & Gas plants.
3. Technical Maintenance and Revision Services: COSMI carries out revision and maintenance of industrial plants, feasibility studies, risks analysis and management, work inspection and supervision. The company provides multi-disciplinary maintenance and technical assistance.
4. Asset Integrity 4.0 Digital Twin Services: Real-time asset integrity management through digital twin technology, providing continuous monitoring and optimization of capital operating expenditure.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Cosmi designs, constructs and maintains industrial plants for the Oil & Gas sector, including heavy steel structures, subsea manifolds and skid units, delivering projects from feasibility through turn-key commissioning. The group also provides brownfield modifications, technical maintenance, integrated project logistics and global project management, and offers Asset Integrity 4.0, a digital twin solution co-developed with Akselos for real-time structural monitoring of large assets. The portfolio is delivered through specialized subsidiaries across Italy, Libya and Mozambique.

Product overview

Cosmi is an industrial engineering and construction company offering a portfolio of services centered on the Oil & Gas sector. The company's offerings span from design and construction of industrial plants (onshore and offshore) to maintenance, logistics, and asset integrity management. The core digital product is Asset Integrity 4.0, developed in partnership with Akselos using patented Reduced Basis (RB-FEA) technology for digital twin-based structural monitoring. The group operates through several subsidiaries: Progepi (engineering design), Aquavis (renewable energy plants), Cosmi Libyan Branch (Oil & Gas construction in Libya), and STL Oil & Gas Services in Mozambique. Core services include brownfield modifications, technical maintenance, integrated logistics, and global project management. The portfolio is structured as a holding company with specialized subsidiaries rather than a unified platform with modules.

Differentiator

Problem solved

Functional benefit

Brands

• Asset Integrity 4.0: A cutting-edge solution developed by Cosmi Spa in partnership with Akselos, enabling real-time management of large amounts of data through a digital twin for structural integrity monitoring.
• STL

Products and services

• Industrial Plant Construction Engineering solutions for industrial plant construction including heavy steel structures, subsea manifolds, skid units and related Oil & Gas infrastructure, delivered from early design stages through turn-key delivery for enterprise energy clients.
• Brownfield Modifications Asset integrity and brownfield modification services including feasibility studies, engineering, plant renovation, upgrade, expansion, revamping and capacity checks for existing industrial systems in the Oil & Gas sector.
• Technical Maintenance and Revision Revision and maintenance of industrial plants, feasibility studies, risk analysis and management, work inspection and supervision, providing multi-disciplinary maintenance and technical assistance for Oil & Gas clients.
• Integrated Project Logistics Tailored project integrated logistics covering material and equipment management, warehousing, storage, packaging, site delivery, supply chain coordination and specialized technical services for Oil & Gas plant projects.
• Global Project Management and EPC Turn-Key Services Global project management including installations management, operative support, construction, plant performance enhancement, operations readiness, start-up and commissioning, plus EPC turn-key activities for onshore and offshore energy sector plants.
• Asset Integrity 4.0 Digital twin-based asset integrity management solution co-developed with Akselos, using patented Reduced Basis (RB-FEA) technology for accurate and rapid structural analysis of large assets, providing real-time monitoring, predictive insights, fatigue analysis and residual life calculation through a single customizable interface.

Quantifiable outcome

• Reduction in operating costs through Asset Integrity 4.0 digital twin monitoring
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• AkseloscoreTechnology or IntegrationA three-year Memorandum of Understanding (MoU) was signed between Akselos and COSMI Group to bring Akselos' breakthrough Digital Twin technology to the Italian market. This partnership establishes a joint collaboration for 'Real Time Asset Integrity Management' called Asset Integrity 4.0. The technology is used in offshore industries to reduce operating costs and support asset life extensions.
• RINA (Registro Italiano Navale)coreOthersRINA is the Italian Shipping Register that issues and maintains quality, environmental, and safety certifications for COSMI including ISO 9001, ISO 14001, and BS OHSAS 18001 certifications.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Others

• AVEVA Group: Industrial software provider of digital twin, engineering, and asset performance solutions for plant operators — adjacent technology comparable to Cosmi's Asset Integrity 4.0 monitoring offering for industrial plants.
• Akselos: Swiss-based digital twin technology company that supplies the patented Reduced Basis (RB-FEA) technology underlying Cosmi's Asset Integrity 4.0 — a key technology partner and adjacent capability provider rather than a direct competitor.

Broad incumbents

• TechnipFMC: Global Oil & Gas services leader providing subsea, surface, and EPC project execution — comparable to Cosmi's full-lifecycle EPC offering but at vastly larger scale and with broader geographic reach.
• Subsea7: Global contractor delivering offshore engineering, procurement, construction, and installation services for the energy industry — adjacent to Cosmi's manifold subsea and offshore platform construction activities in Libya.
• Saipem: One of Italy's largest Oil & Gas EPC and offshore drilling companies, offering turn-key engineering, procurement, construction, and drilling services globally — a much larger incumbent operating in the same Oil & Gas EPC space as Cosmi.
• Petrofac: International Oil & Gas services group providing EPC, operations, maintenance, and training — overlapping with Cosmi's brownfield modifications, technical maintenance, and global project management capabilities.

Direct peers

• Bonatti: Italian Oil & Gas EPC contractor headquartered in Parma, providing pipeline construction, plant construction, and maintenance services for European and international IOCs — directly comparable to Cosmi's core Oil & Gas plant construction and brownfield modification scope.
• Trevi Group: Italian industrial engineering and construction group providing foundations, drilling, and energy infrastructure services — comparable to Cosmi's heavy industrial engineering and construction capabilities for energy clients.
• Rosetti Marino: Italian offshore and onshore Oil & Gas EPC contractor based in Ravenna (same home city as Cosmi), offering engineering, procurement, construction, and offshore installation services — a tight geographic and service-line comparable.
• SICIM: Italian pipeline and plant construction contractor specializing in oil & gas, water, and energy infrastructure projects globally — overlapping with Cosmi's pipeline laying, plant construction, and integrated logistics offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/gruppo-cosmi

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 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 Cosmi