Uniterm Srl

What Uniterm Srl does

UNITERM Srl is an Italian custom manufacturer of industrial heat exchangers, headquartered in Cologno Monzese, Lombardy. The company designs and builds bespoke heat exchange equipment for power generation, petrochemical, chemical, pulp and paper, and industrial process customers, with installations across Europe, the Middle East, Russia, and South America. Its product portfolio spans four core families — air-cooled heat exchangers (aerorefrigeranti), air and gas heaters (riscaldatori), economizers and heat recovery units (recuperatori), and finned/bare tube coils (batterie termiche) — plus application-specific solutions such as modular steam air heaters for waste combustion plants and industrial air treatment units. All design, construction, and quality monitoring of pressurized and structural components is performed in-house at the Cologno Monzese facility to international standards including ASME Section VIII and the EU Pressure Equipment Directive.

The business operates on a project-based, direct B2B sales model, with engineering teams collaborating with customer technical staff to specify and price each unit. Pricing is fully bespoke, with no published list pricing. The company is privately held by the founding families and managed by the second generation, tracing its origins to OTAM S.r.l. (1959) and UNITERM S.r.l. (1969), merged in 1984. Certifications include ISO 9001 (through July 2027), PED Module H, and ASME U-Stamp (through May 2026), which are used to qualify for international industrial tenders. The firm is small — 5 employees — but has installed more than 17,000 heat exchangers worldwide over its 60+ year history, with documented capability to handle extreme operating conditions (up to 330 Barg, 400°C, down to -53°C MDTM) and a wide materials portfolio including nickel alloys and refractory materials.

Name

Uniterm Srl

Legal name

UNITERM SRL

Website

https://unitermsrl.com

Company type

Private

Founded year

1959

Operating status

Operating

Headcount range

1–10 employees

Short description

UNITERM Srl is an Italian family-owned custom manufacturer of industrial heat exchangers serving power plants, refineries, chemical plants, and process industries worldwide, with 17,000+ units installed since 1959.

Ownership category

akta.pro rank

Product category

Industrial Heat Exchangers

NAICS

Power Boiler and Heat Exchanger Manufacturing (33241), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)

SIC

Heating Equipment, Except Electric & Warm Air Furnaces (3433)

akta.pro primary industry

Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

akta.pro secondary industries

Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF), Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC), Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF)

Keywords

• Custom heat exchangers
• Industrial heat exchangers
• Heat recovery systems
• Finned tube coils
• Pressure vessel manufacturing

Headquarters

HQ city

Cologno Monzese

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Custom Heat Exchanger Manufacturing: Project-based custom manufacturing of heat exchangers including air cooled heat exchangers, air and gas heaters, economizers, heat recovery units, and finned/bare tube coils. Products are made to order for specific industrial applications.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Uniterm Srl designs, manufactures and supplies custom-made heat exchangers for industrial applications, including air-cooled heat exchangers (steam air condensers, lube oil coolers, gas intercoolers), air and gas heaters (combustion air pre-heaters), economizers and heat recovery units, and finned/bare tube coils. Design, construction and quality monitoring of pressurized and structural parts are carried out entirely in-house in Cologno Monzese in compliance with international standards such as ASME codes and PED, supplying power plants, refineries, chemical plants and industrial machinery OEMs globally.

Product overview

UNITERM Srl is a manufacturer of custom-made heat exchangers offering four main product families: Aerorefrigeranti (air cooled heat exchangers including steam condensers, lube oil coolers, and gas intercoolers), Riscaldatori ad aria e a gas (air and gas heaters for combustion pre-heating), Recuperatori (economizers and heat recovery units for waste heat utilization), and Batterie termiche (finned/bare tube coils for industrial air/gas heating and cooling). The company also provides specific application solutions such as steam air heaters and air treatment units. All products are designed for industrial applications including power plants, refineries, chemical plants, and manufacturing facilities, with construction according to ASME or national codes.

Differentiator

Problem solved

Functional benefit

Products and services

• Aerorefrigeranti (Air Cooled Heat Exchangers) Custom air-cooled heat exchangers including steam air condensers, vapor/solvent condensers, water/liquid coolers, lube oil coolers, and compressed gas air coolers and intercoolers, supplied to power plants, process industries and industrial machinery customers.
• Riscaldatori ad aria e a gas (Air and Gas Heaters) Custom air and gas heaters including steam, condensate, water and oil-fired combustion air pre-heaters for industrial boilers, and steam/condensate gas heaters for industrial processes and power generation.
• Recuperatori (Economizers and Heat Recovery Units) Custom economizers and heat recovery units for waste heat recovery from combustion flue gases, including water/condensate economizers, steam superheaters and heat recovery exchangers for gas turbines and combustion engines.
• Batterie termiche (Finned or Bare Tube Coils) Custom finned and bare tube coils for air/gas heating and cooling in heavy-duty industrial applications, including coils for process plants, air treatment units and industrial machinery such as dryers.
• Riscaldatori aria a vapore (Steam Air Heaters) Modular steam air heaters with access panels for cleaning and maintenance, designed for waste combustion plants and industrial heating applications; supplied as an integrated application solution (e.g., 9 units of 1,380 m² exchange area each for the AMSA Milano MSW combustion plant).
• Gruppo di trattamento aria (Air Treatment Unit) Integrated air treatment unit consisting of a refrigerant-air dehumidifier coil, droplet separator and air post-heater with finned tubes for industrial air conditioning applications (e.g., 6,400 kg unit with finned tubes for an ammonia plant at Abu Kir, Egypt, supplied via Venti Oelde for Krupp-Uhde).

Quantifiable outcome

• 17,000+ heat exchangers installed worldwide demonstrating established track record
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Holtec International: US-based engineering and equipment company with heat exchange and heat transfer products serving power and industrial customers; comparable in the niche of custom heat transfer equipment for power generation applications.
• Hisaka Works: Japanese manufacturer of plate heat exchangers and process equipment for chemical, petrochemical, and power markets — competes with Uniterm in industrial heat exchange but from a regional Asian base.

Broad incumbents

• Alfa Laval: Global Swedish industrial group and one of the largest manufacturers of heat exchangers, including air-cooled, shell-and-tube, and plate units, serving the same power, refinery, and chemical end markets as Uniterm but at vastly greater scale and with a full service network.
• Kelvion: German-headquartered global manufacturer of heat exchangers, including air-cooled, shell-and-tube, and plate-fin units for power generation, oil & gas, chemical, and HVAC applications — directly comparable product portfolio to Uniterm and competing for the same industrial EPC bids.
• GEA Heat Exchangers: Division of GEA Group producing plate, shell-and-tube, and welded heat exchangers for power, refinery, chemical, and food applications. Overlaps with Uniterm in industrial process and power markets and competes for custom-engineered heat transfer projects.

Direct peers

• API Heat Transfer: US-based specialist manufacturer of custom heat exchangers (API Basco, APV, Schmidt) serving chemical, petrochemical, power, and HVAC markets with engineered-to-order solutions — most directly comparable to Uniterm's custom, project-based heat exchanger business.
• Tranter (now part of SPX): Manufacturer of plate heat exchangers and gasketed/welded units used in power, chemical, and process industries, with strong custom-engineering heritage — comparable to Uniterm as a project-driven industrial heat exchanger specialist.
• Barriquand Échangeurs: French family-owned manufacturer of custom plate and spiral heat exchangers for chemical, petrochemical, energy, and waste-to-energy applications — a like-for-like mid-sized bespoke European heat exchanger specialist.
• Hamon & Cie: Belgian engineering group specializing in heat exchange, air-cooled condensers, and cooling towers for power plants and industrial customers. A particularly close European peer given overlapping air-cooled heat exchanger and economizer offerings.

Regional players

• IPT (Industrial Process Technology): Italian/European engineering firm focused on industrial process heat exchange and heat recovery solutions for refineries, chemical plants, and waste-to-energy — closely comparable to Uniterm in target markets and regional footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCDI0H59tQVIyYEVG8iN6mxA
• LinkedInlinkedin.com/company/uniterm-srl

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

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 Uniterm Srl