What Gruppo ICM does

Gruppo ICM (ICM SpA) is a privately held Italian general contractor founded in 1921 and headquartered in Vicenza, Italy. The group operates as a General Contractor executing large-scale infrastructure projects — including railways, metros, highways, bridges, dams, and public buildings — for public bodies and private clients across Italy and internationally. Revenue is generated through competitive tendering on public contracts (PNRR-funded programs, ANAS, municipal authorities, RFI) and direct negotiation on private infrastructure projects, structured as long-term multi-year construction contracts. The group's order portfolio stood at €3.8 billion as of 2025 under PNRR acceleration, with a stated Industrial Plan target of €1 billion in revenue by 2027.

The group's technical capabilities rest on more than a century of operational history, comprehensive ISO certifications (9001, 14001, 45001, 37001, 39001, 50001, 30415, SA 8000, UNI/PdR 125:2022), EcoVadis Gold/Platinum sustainability ratings, and an organizational model compliant with Italian D.Lgs 231/2001 anti-corruption requirements. The technology stack is fundamentally traditional construction engineering, supplemented by an integrated subsidiary structure: SIPE SpA for industrial prefabrication of construction elements, INTEGRA Srl for environmental services (wastewater treatment, waste management, contaminated site remediation, and chemical/biological laboratory analysis), and ICM TECH for technical management services (drawing review, value engineering, tender office support).

Business operations are anchored by enterprise field sales, direct engagement with public procurement authorities, and consortium arrangements for very large projects (e.g., Naples Metro Line 10). The company ranks among ENR's Top 250 International Contractors 2025, operates across Italy and in markets including Kenya, Cameroon, Austria, Romania/Moldova, and Qatar, and issued a €25 million corporate bond in April 2025 to support growth. The customer base is concentrated primarily in public sector clients, with private infrastructure developers as a secondary segment.

Name

Gruppo ICM

Legal name

ICM SpA

Website

https://gruppoicm.com

Company type

Private

Founded year

1921

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Gruppo ICM is a 100+ year old Italian general contractor executing major public infrastructure (railways, metros, highways, dams) and private construction projects across Italy and internationally, supported by subsidiaries in prefabrication, environmental services, and technical management.

Ownership category

akta.pro rank

Product category

General Construction and Infrastructure Contracting

NAICS

Utility System Construction (2371), Water and Sewer Line and Related Structures Construction (237110), Site Preparation Contractors (23891)

SIC

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

akta.pro primary industry

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

akta.pro secondary industries

Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE), Environmental & Permitting Compliance During Construction (Erosion Control, Wildlife Mitigation, Monitoring) (EUAMAFAM)

Keywords

• General contracting
• Infrastructure construction
• Public works
• Industrial prefabrication
• Environmental remediation

Headquarters

HQ city

Vicenza

HQ country

Italy

HQ region

Europe

Offices5 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. Construction project execution - General Contractor services: ICM Group operates as a General Contractor executing major infrastructure and building projects for public bodies and private clients. Revenue is generated through long-term construction contracts, with a project portfolio managed across Italy and international markets.
2. Prefabricated construction products (via SIPE): Subsidiary SIPE SpA produces industrial prefabricated construction elements for use in the group's projects and potentially for external sale.
3. Environmental services and laboratory testing (via Integra): Integra Srl provides environmental treatment services, waste management, remediation, and chemical/biological laboratory analyses, both as part of group projects and for third-party clients.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Gruppo ICM operates as a General Contractor for the execution of significant public and private works in Italy and abroad, covering buildings, roads, hydraulic, and general infrastructure projects including railways, metros, highways, bridges, and dams. The group is supplemented by subsidiaries providing industrial prefabrication (SIPE), environmental and water treatment services (INTEGRA), and technical management support (ICM TECH), enabling integrated project delivery.

Product overview

Gruppo ICM is a construction group comprising industrial companies operating primarily in the construction sector. The group consists of ICM SpA as the core general contractor company (operating since 1921), supplemented by specialized subsidiaries: SIPE for industrial prefabrication, INTEGRA for environmental services (waste treatment, water treatment, remediation), and ICM TECH for technical management services. The group operates as a General Contractor executing significant infrastructure, building, road, hydraulic, and public works projects for both public bodies and private clients in Italy and abroad. The portfolio also includes the ICM Academy program for young talent development.

Differentiator

Problem solved

Functional benefit

Products and services

• ICM SpA - General Construction Contracting ICM SpA is the core general contractor company of Gruppo ICM, executing significant construction works including infrastructure, building, road, hydraulic, and public works projects for public bodies and private clients in Italy and abroad. Operates as General Contractor since 1921.
• SIPE - Industrial Prefabrication of Building Elements SIPE (Società Industriale Prefabbricati Edili) specializes in industrial prefabrication of building components and precast concrete elements for use in construction projects, operating from facilities in the Vicenza area.
• INTEGRA - Environmental Services and Laboratory Analysis INTEGRA specializes in construction and management of wastewater treatment and potabilization plants, waste treatment and intermediation, environmental remediation and decontamination of contaminated sites, landfill management, and operates a chemical and biological analysis laboratory.
• ICM TECH - Technical Management Services ICM TECH provides technical management services including construction drawing (shop drawing) review, material submission evaluation, value engineering assessment, technical support for construction sites, and tender/procurement office services.

Quantifiable outcome

• Order portfolio of €3.8 billion under PNRR acceleration, with record commissions
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Consorzio per la Linea 10 della Metropolitana di Napoli (Consortium for Naples Metro Line 10)coreStrategic or Co-development Partner · 27 January 2026ICM SpA participates as a member of the consortium for Lotto 1 of the Naples Metro Line 10 project. This is a major public infrastructure consortium arrangement for one of Italy's most significant urban metro expansion projects, involving multiple construction firms collaborating under a joint venture structure.
• Ebolowa Road – Akom II – Kribi Road Project partnerscoreStrategic or Co-development Partner · 27 October 2025ICM is executing the Ebolowa-Akom II-Kribi Road Project in Cameroon, a major international road infrastructure project involving cooperation with local authorities and international development partners. This represents ICM's international infrastructure development partnerships in Africa.
• IDA – Italian Datacenter AssociationminorOthers · 30 April 2025ICM SpA is a partner member of IDA – Italian Datacenter Association, positioning itself in the digital infrastructure space and participating in industry dialogue around data center development and construction in Italy. This membership supports ICM's engagement in infrastructure for digital transformation.
• Hitachi RailcoreStrategic or Co-development PartnerICM Group collaborates with Hitachi Rail within the context of Protocollo di Legalità for Linea 6 Metronapoli, working on the construction and monitoring of the Naples Metro Line 6 project. The partnership involves financial monitoring protocols for public metro construction.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Vianini Lavori: Italian construction company (Caltagirone group) executing infrastructure, civil works, and public works. Comparable Italian GC participating in similar public tenders.
• Pizzarotti: Italian general contractor active in public infrastructure, civil works, and building construction across Italy and abroad. Comparable Italian GC with similar customer base and project types.
• Bonatti: Italian general contractor executing pipelines, infrastructure, and energy projects internationally (notably in Africa and the Middle East). Comparable international footprint and project mix to ICM's overseas operations.
• CMC Ravenna: Italian cooperative general contractor executing large public infrastructure works including roads, railways, and hydraulic projects. Closely comparable mid-sized Italian GC competing for similar public tenders.
• Webuild (formerly Salini Impregilo): Italy's largest general contractor for major public infrastructure (high-speed rail, metros, dams, highways) and the dominant ENR-ranked Italian player. Most directly comparable to ICM in terms of General Contractor role, public procurement focus, and large-scale infrastructure delivery in Italy and internationally.
• Salcef Group: Italian railway infrastructure specialist operating in track construction, maintenance, and rail-related civil works. Comparable as an Italian infrastructure company targeting rail/metro segments where ICM also has strong presence.
• Ghella: Italian family-owned general contractor specializing in tunnels, railways, and metro infrastructure with significant international operations. Comparable as a mid-sized Italian GC executing complex underground and rail projects similar to ICM's transit portfolio.
• Todini Costruzioni: Italian general contractor executing civil engineering, infrastructure, and public works projects. Comparable as a mid-tier Italian competitor in the same public-works bidding market.

Regional players

• Veolia Water Technologies: Global water and wastewater treatment specialist comparable to ICM's Integra subsidiary's environmental/water-treatment business. Adjacent rather than direct competitor, but operates in the same water-infrastructure project universe.

Broad incumbents

• Strabag: Austrian-headquartered European construction group operating across building, civil engineering, and infrastructure. Comparable as a large European GC operating in adjacent geographies (Austria, Eastern Europe) where ICM also has projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/gruppoicm

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 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 Gruppo ICM