Trevi

What Trevi does

Trevi S.p.A. is an Italian-headquartered specialty geotechnical and underground engineering contractor founded in 1957 in Cesena, Italy. The company delivers integrated deep foundation, soil consolidation, retention systems, cut-off walls, and waterproofing solutions for dams, bridges, marine works, metro systems, high-rise buildings, and other large-scale infrastructure. Trevi operates across seven industry verticals — Dams & Levees, Marine Works, Bridges & Causeways, Industrial & Civil Buildings, Ground & Underground Transportation, Environmental Solutions, and Special Projects — deploying 23 distinct geotechnical technologies including jet grouting, hydromill diaphragm walls (achieving vertical deviations of 0.3–0.5%), large-diameter bored piles up to 4m diameter and 100m depth, artificial ground freezing, and dynamic compaction, supported by proprietary drilling equipment from its sister company Soilmec.

Trevi monetizes through project-based contracts awarded via competitive tendering or direct negotiation with general contractors, government agencies, and project developers. The customer base spans sovereign and enterprise clients including Bane NOR, the U.S. Army Corps of Engineers, Société du Grand Paris, Hyundai, NEOM, ICD Brookfield Place, and Groß und Partner. The company maintains wholly-owned operating subsidiaries in 12+ countries across Europe, the Middle East, Africa, North America, South America, and Asia-Pacific, and the group is controlled by CDP Equity (Cassa Depositi e Prestiti's private equity arm) and Polaris Capital Management LLC.

As of Q1 2026, Trevi reported a record order backlog of €869.8 million with FY2026 guidance for consolidated revenues exceeding €750 million and recurring EBITDA around €100 million, despite a Q1 2026 revenue decline of 23% year-over-year attributed to the timing of new contract starts rather than demand weakness.

Name

Trevi

Legal name

TREVI - Finanziaria Industriale SpA

Website

https://trevispa.com

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

251–500 employees

Short description

Trevi S.p.A. is an Italian specialty geotechnical contractor founded in 1957, delivering deep foundations, soil consolidation, and underground engineering services for dams, bridges, metros, and large-scale infrastructure projects worldwide.

Ownership category

akta.pro rank

Product category

Geotechnical Engineering Services

NAICS

Site Preparation Contractors (23891)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Ground Improvement & Soil Stabilization (DSM, Vibro, Grouting, Reinforcement) (IMAFAOAC)

akta.pro secondary industries

Tunneling & Underground Geotechnics (Ground Treatment, Support, NATM/SEM Interfaces) (IMAFAOAJ), Foundations & Geotechnical Works (Piles, Anchors, Ground Improvement) (EUAMAFAB)

Keywords

• Geotechnical engineering services
• Deep foundation construction
• Soil consolidation services
• Underground excavation works
• Dam rehabilitation services

Headquarters

HQ city

Cesena

HQ country

Italy

HQ region

Europe

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Infrastructure Construction Services: Trevi generates revenue through specialized engineering and construction services for large infrastructure projects including deep foundations, dam rehabilitation, underground metro systems, bridges, and marine works. Revenue is project-based and cyclical, with quarterly performance varying based on contract timing and project phases.
2. Geotechnical Engineering Services: Soil consolidation, waterproofing, and ground improvement services provided to construction projects globally

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Trevi is a specialized civil engineering contractor that delivers deep foundation works, soil consolidation, ground improvement, retention systems, and cut-off waterproofing for large-scale infrastructure projects globally. The company executes complex geotechnical packages within dams and levees, marine works, bridges and causeways, metro and rail tunnels, high-rise buildings, and environmental remediation projects, deploying proprietary technologies such as large-diameter bored piles up to 4m diameter and 100m depth, hydromill diaphragm walls, jet grouting, ground freezing, and CFA piles via Trelicon. Services are procured through competitive tendering or direct negotiation with general contractors, government agencies, and project developers, supported by vertically integrated equipment supply through sister company Soilmec.

Product overview

Trevi is a worldwide leader in special foundation engineering and geotechnical services, offering an integrated portfolio of deep foundation, soil improvement, retention system, and cut-off services. The company operates across seven industry sectors: Dams & Levees, Marine Works, Bridges & Causeways, Industrial & Civil Buildings, Ground & Underground Transportation, Environmental Solutions, and Special Projects. Trevi deploys 23 distinct geotechnical technologies including bored piles, jet grouting, diaphragm walls, ground freezing, and compaction techniques. The company maintains global operations through subsidiary companies including Trevi Algeria, Trevi Australia, Trevi Philippines, Trevi Foundations Kuwait, Trevi Foundations Nigeria, Pilotes Trevi, Trevi Cimentaciones Mexico, Trevi Turkey, Trevi France, Swissboring, Trevi Arabian Soil Contractor, and TREVIICOS (North America). The company was founded in 1957 in Cesena, Italy, and is currently controlled by CDP Equity and Polaris Capital Management LLC.

Differentiator

Problem solved

Functional benefit

Products and services

• Deep Foundations
• Soil Improvement and Ground Consolidation
• Retention Systems and Shoring
• Cut-Off and Waterproofing
• Dams and Levees Engineering
• Marine Works
• Bridges and Causeways Engineering
• Industrial and Civil Buildings Foundations
• Ground and Underground Transportation Engineering
• Environmental Solutions
• Special Projects

Quantifiable outcome

• Record order backlog of €869.8 million achieved in Q1 2026
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Ten partnerships are on record, tiered strategic, core and major.

• SaipemstrategicStrategic or Co-development Partner · 1 January 2022Memorandum of Understanding signed for foundation drilling solutions and services for offshore wind farm projects. Strategic collaboration for renewable energy infrastructure.
• VeidekkecoreStrategic or Co-development Partner · 1 January 2019Norwegian construction company awarded contract by Bane NOR for Drammen-Kobbervikdalen double-track railway project. Trevi provides soil consolidation and tunnel foundation works as specialist subcontractor in cooperation with Veidekke.
• Treviicos-Nicholson Joint Venture (TNJV)coreStrategic or Co-development Partner · 1 January 2018Joint venture between Treviicos (Trevi US subsidiary) and Nicholson for Boone Dam Internal Erosion Remediation Project. Combined expertise for cutoff wall installation.
• SoilmeccoreTechnology or IntegrationSister company and equipment supplier providing drilling rigs, hydromills, and geotechnical equipment. Vertical integration enables proprietary technology advantages and specialized equipment development.
• EIFFAGE Génie CivilmajorChannel Partner/ Reseller/ DistributorMajor French construction company and client for Grand Paris Express Lines 16 and 17. Trevi contracted for specialized foundation works at metro stations.
• NGE Génie CivilmajorChannel Partner/ Reseller/ DistributorFrench construction group engaged for Grand Paris Express project. Trevi provides specialized geotechnical services as subcontractor.
• DEMATHIEU BARD ConstructionmajorChannel Partner/ Reseller/ DistributorFrench construction company for Grand Paris Express metro project. Trevi contracted for foundation works.
• SEFI-INTRAFORmajorChannel Partner/ Reseller/ DistributorFrench geotechnical specialist contractor for Grand Paris Express. Trevi provides specialized foundation services.
• HyundaicoreChannel Partner/ Reseller/ DistributorKorean construction giant as main contractor for Chacao Bridge in Chile. Trevi Chile executes foundation pile works for bridge pylons under Hyundai's project management.
• U.S. Army Corps of EngineerscoreStrategic or Co-development PartnerFederal agency coordinating Mosul Dam rehabilitation project in Iraq. Trevi contracted for dam maintenance and safety works under USACE oversight.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bauer AG: German-based global specialist in foundation engineering, ground improvement, and deep foundations. Bauer is Trevi's closest direct competitor, offering overlapping services such as bored piles, diaphragm walls, jet grouting, and ground improvement across similar end-markets and geographies.
• Keller Group plc: UK-headquartered world's largest independent geotechnical contractor. Keller directly competes with Trevi across ground improvement, deep foundations, and specialty geotechnical works, with comparable technologies (CFA piles, jet grouting, soil mixing) and a similarly global subsidiary footprint.
• Franki Foundations: Belgian-origin specialist foundation contractor with operations across Europe, Africa, and the Middle East. Competes with Trevi on driven and bored piles, ground improvement, and retaining structures in overlapping geographies, particularly in France, Belgium, and Africa.
• Menard (Vinci): Vinci-owned specialist in ground improvement and soil reinforcement, with techniques including dynamic compaction, vibrocompaction, and rigid inclusions that directly overlap with Trevi's soil consolidation portfolio.
• Bachy Soletanche: Subsidiary of Soletanche Freyssinet (Vinci) specializing in deep foundations, retaining structures, and ground improvement. Directly comparable to Trevi's core service lines and frequently a co-bidder or competitor on European metro, dam, and high-rise foundation tenders.
• Hayward Baker: North America's largest specialty geotechnical contractor and Keller Group subsidiary. Directly competes with Trevi's TREVIICOS subsidiary on US dam rehabilitation, cutoff walls, and ground improvement projects.

Emerging players

• Fugro N.V. Dutch global leader in geo-data and site characterization for offshore wind, infrastructure, and energy projects. While more services-and-data oriented than Trevi, Fugro competes at the front-end of foundation projects through site investigation, increasingly adjacent to Trevi's offshore wind ambitions with Saipem.

Broad incumbents

• Skanska: Swedish-based global construction and development company with significant in-house geotechnical and foundation engineering capabilities. While broader than Trevi, Skanska competes on large infrastructure tenders in Scandinavia and elsewhere where foundation works are bundled into main contracts.
• Soletanche Freyssinet (Vinci Construction): Vinci's specialist geotechnical and structural subsidiary encompassing Soletanche Bachy (foundations, ground improvement), Menard (ground improvement), and Freyssinet. Competes head-to-head with Trevi on metro, dam, and large infrastructure foundation packages, with greater balance-sheet scale.
• Strabag SE: Austrian-based European construction leader with substantial specialty foundation, tunneling, and ground engineering capabilities through its subsidiaries. Competes with Trevi on Central European and Alpine infrastructure projects, especially tunnels and geotechnical works.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/GruppoTrevi

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries12 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 Trevi