Monaco

What Monaco does

Monaco S.p.A. is a privately-held Italian construction company founded in 1945 and headquartered in Rome, operating as one of the most specialized medium-sized Italian enterprises (medie imprese italiane) in large infrastructure works. The company delivers projects through eight core service lines: airport infrastructure (Aeroporti), cabling and electrical systems (Cavidotti e Impianti), water and waste-to-energy treatment (Depurazione), building construction (Edilizia), hydraulic infrastructure (Idraulica), road infrastructure (Infrastrutture Stradali), 24/7 water and sewer network maintenance (Manutenzione Reti), and underground works (Opere in Sotterraneo). Its technical core lies in NO-DIG / trenchless methods, including Tunnel Boring Machine excavation, large-diameter microtunneling (up to DN 4000), Cement Mortar Lining, UV-liner, and relining for pipe rehabilitation, alongside conventional mechanical excavation, jet-grouting, micropiles, and pressed/driven piling. Operational logistics for 24/7 network maintenance are managed through SAP ECC and SAP WM enterprise systems.

Monaco's go-to-market is exclusively B2G (Business-to-Government), with 100% of revenue generated through competitive public tenders issued by Italian government entities and public utilities. Its customer base comprises major Italian public-sector organizations including ACEA ATO 2 (water/sewer maintenance, contracts exceeding €173M combined), Publiacqua (€83M+ combined), ANAS (road infrastructure including the E78 Grosseto-Fano, A32 seismic retrofit, and Smart Roads framework), Aeroporti di Roma (Fiumicino terminal and infrastructure maintenance), Terna (HVDC Italy-France interconnection cabling), RFI (railway underpass construction), CONI (Olympic Stadium lighting), regional governments (Lazio, Sardinia, Piedmont, etc.), and the Ministry of Health (Spallanzani hospital restoration). Revenue is project-based with no recurring subscription or licensing layer; contracts are one-time per award, often structured as multi-year framework agreements. Pricing is determined by competitive bidding and is publicly documented through tender disclosures.

The company carries over 15 international certifications spanning quality (ISO 9001), environment (ISO 14001, ISO 14064-1), occupational health and safety (ISO 45001), anti-bribery (ISO 37001), road safety (ISO 39001), energy management (ISO 50001), information security (ISO 27001), asset management (ISO 55001), social accountability (SA 8000), sustainable procurement (ISO 20400), and diversity (ISO 30415). It is a signatory of the UN Global Compact and received the EcoVadis Platinum Medal in 2024, placing it in the top 1% of infrastructure construction companies globally by ESG performance. Registered capital stands at €5,800,000 (P.IVA 01560691006), headcount is in the 101–250 range, and operations span at least eight Italian regions.

Name

Monaco

Legal name

Monaco S.p.A.

Website

https://monacospa.com

Company type

Private

Founded year

1945

Operating status

Operating

Headcount range

101–250 employees

Short description

Monaco S.p.A. is a privately-held Italian construction company founded in 1945, headquartered in Rome, specializing in large public infrastructure works — water/sewer networks, roads, airports, underground TBM microtunneling, and hydraulic systems — delivered exclusively via competitive tenders to Italian government entities and public utilities.

Ownership category

akta.pro rank

Product category

Civil Engineering and Heavy Infrastructure Construction

NAICS

Utility System Construction (2371), Construction (23)

akta.pro primary industry

Interchanges, Ramps & Flyovers Construction (IMAFAEAD)

akta.pro secondary industry

Airport Terminal & Aviation Facilities Building Construction (IMAFACAL)

Keywords

• Civil infrastructure construction
• Underground construction works
• Water network maintenance
• Road infrastructure construction
• Hydraulic engineering services

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Public Infrastructure Construction Contracts: Monaco S.p.A. generates revenue exclusively through awarded public works contracts. The company bids on large-scale infrastructure projects issued by government entities and public utilities. Major ongoing contracts include ACEA ATO 2 network maintenance (over €170M combined), Publiacqua maintenance (over €83M combined), and ANAS road infrastructure projects. Revenue is project-based, one-time per contract.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Monaco S.p.A. is an Italian mid-sized construction enterprise that delivers large-scale civil engineering and infrastructure projects for public clients, including water and sewage networks, road and motorway infrastructure, airports, underground works, hydraulic infrastructure, and public buildings. The company acquires all work through competitive public tenders with Italian public entities (ANAS, ACEA, Publiacqua, Aeroporti di Roma, Terna, RFI, regional governments) and operates 24/7 network maintenance services via SAP-supported dispatch.

Product overview

Monaco S.p.A. is an Italian construction company established in 1945, specializing in large infrastructure projects. The company operates as a multi-service construction firm offering eight core service areas: Aeroporti (airport infrastructure), Cavidotti e Impianti (cablings and electrical systems), Depurazione (water treatment and waste-to-energy), Edilizia (building construction), Idraulica (hydraulic infrastructure), Infrastrutture Stradali (road infrastructure), Manutenzione Reti (network maintenance), and Opere in Sotterraneo (underground works). These services are delivered through project-based contracts with public and private clients across Italy, with particular expertise in complex civil engineering projects including highways, water networks, and underground infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Aeroporti (Airport Infrastructure)

Quantifiable outcome

• Network maintenance contracts valued at over €256M combined (ACEA + Publiacqua)
• +3 more outcomes

Named customers14 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered not specified.

• ITINERAnot specifiedStrategic or Co-development PartnerITINERA is listed as a partner company of Monaco S.p.A. No additional details on the nature of the partnership are provided on the company website.
• MAEGnot specifiedStrategic or Co-development PartnerMAEG is listed as a partner company of Monaco S.p.A. No additional details on the nature of the partnership are provided on the company website.
• MATILDInot specifiedStrategic or Co-development PartnerMATILDI is listed as a partner company of Monaco S.p.A. No additional details on the nature of the partnership are provided on the company website.
• PATOnot specifiedStrategic or Co-development PartnerPATO is listed as a partner company of Monaco S.p.A. No additional details on the nature of the partnership are provided on the company website.
• SIELTEnot specifiedStrategic or Co-development PartnerSIELTE is listed as a partner company of Monaco S.p.A. No additional details on the nature of the partnership are provided on the company website.
• SPOSATOnot specifiedStrategic or Co-development PartnerSPOSATO is listed as a partner company of Monaco S.p.A. No additional details on the nature of the partnership are provided on the company website.
• TUBOSIDERnot specifiedStrategic or Co-development PartnerTUBOSIDER is listed as a partner company of Monaco S.p.A. No additional details on the nature of the partnership are provided on the company website.
• VITTADELLOnot specifiedStrategic or Co-development PartnerVITTADELLO is listed as a partner company of Monaco S.p.A. No additional details on the nature of the partnership are provided on the company website.
• Consorzio Imprese Riunite Scarlnot specifiedStrategic or Co-development PartnerConsorzio Imprese Riunite Scarl is listed as a category of data recipients in the Privacy Policy, indicating some form of consortium or collaborative relationship with Monaco S.p.A. for data processing purposes in the context of candidate evaluation.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ghella: Italian family-owned contractor specializing in tunneling and underground works, with deep TBM expertise comparable to Monaco's microtunneling capability. Active in transport, hydraulic, and metro infrastructure projects across Italy and internationally, making it the closest technical peer.
• CMC Ravenna: Italian cooperative infrastructure contractor active in transport infrastructure, water works, and civil engineering. Comparable mid-to-large scale with similar exposure to public tender procurement in Italy.
• Itinera: Italian mid-sized infrastructure contractor explicitly listed as a partner company of Monaco S.p.A., with comparable scale and focus on transport infrastructure, roads, and civil engineering works for public clients.
• Salcef Group: Italian specialized infrastructure company focused on railway construction, maintenance, and related civil works. Comparable mid-sized public-contractor profile with strong presence in Italian transport infrastructure tenders where Monaco also competes.
• Vittadello: Italian mid-sized civil contractor listed as a partner company of Monaco. Comparable in scale and profile, focused on public infrastructure works including roads, viaducts, and civil engineering for Italian public clients.
• Toto Group: Italian civil and infrastructure construction group with comparable profile to Monaco, executing roads, tunnels, hydraulic works, and major public infrastructure projects across Italy.

Broad incumbents

• Webuild: Italy's largest infrastructure contractor (formerly Salini Impregilo), with overlapping capabilities in roads, bridges, tunnels, hydraulic works, and water infrastructure. Competes with Monaco on large public tenders but operates at a fundamentally larger scale and international footprint.
• Pizzarotti: Major Italian general contractor with extensive infrastructure and civil works capabilities, including roads, bridges, hydraulic works, and building construction. Larger than Monaco but competes in overlapping public tender categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/monacospa1945
• LinkedInlinkedin.com/company/monaco-s-p-a

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Monaco