FACTS & FIGURES - Tecnimont ICB

The challenges posed by the international market, however, led the
Group to take a further ambitious step: the acquisition of Tecnimont,
a leading and long-established company serving the international
petrochemical industry, from the Edison Group in 2005.
Tecnimont was founded by the Montedison Group in 1973 to
combine the specialist skills of the engineering and development
divisions of Montecatini and Edison, two great names of Italian
industrial history. The first inherited the legacy of Giulio Natta,
the Nobel prize-winner for chemistry in 1964, and specialized in
building polyolefin plants. The second had been active in
electricity generation since the late nineteenth century.
Tecnimont and its predecessors have now been designing and
constructing plants for the chemicals and petrochemicals, oil & gas,
and electricity sectors in Italy and abroad for more than fifty
years. During this period, the Company established a presence in
many developing areas that have now risen to prominence in the
world market, from the Middle East to India, Latin America,
Russia and China, establishing a successful track record in the
execution of turnkey engineering, procurement and construction
projects. The acquisition of Tecnimont by Maire, which gave birth
to Maire Tecnimont, was ranked as the second most important
merger in Italy in 2005 (KPMG M&A Award 2006).
After the acquisition of Fiat Engineering and Tecnimont, the Group
faced the difficult challenge of merging very diverse business
cultures. New business strategies were implemented to achieve
greater competitiveness in international markets. From small
satellite operations of great industrial galaxies, the activities of
Tecnimont and Maire Engineering became the core business of the
Maire Tecnimont Group. Today, the Group operates from a
common IT platform that provides for the sharing of common tools
and procedures and promotes greater flexibility for personnel. The
Group operates as an integrated global engineering system and
manages complex projects throughout the world, leveraging on
skilled professional employees from many different cultures. The
main operating centres are in Milan, Paris, Turin, Rome,
Salzgitter, Mumbai, Belo Horizonte, and Brindisi.
In 2008 the network was further enhanced by the acquisition of Bergamo-based Noy Engineering,
an Italian company specializing in the design and supply of PET resin and polyester, nylon and
acrylic fibre plants. The Group was thus able to further broaden its technology portfolio.
In early 2007 Maire Tecnimont decided to seek a listing on the stock exchange in order to increase
its international visibility and widen its ownership base. 26 November 2007 was the first day of
trading on the Milan Bourse. The Company was awarded the ‘Value Creators’ prize by MF Company
Awards in 2007.
Over the years, the Group has successfully seized many major opportunities that have arisen in the
Engineering and Construction (E&C) industry. One key factor during the entire acquisition process
has been Maire Tecnimont’s strategy of increasing the value of its newly acquired companies by
promoting higher levels of efficiency and by introducing significant changes to the Group structure.
That is why in September 2008 Maire Engineering was merged into the new single operating
company, Tecnimont, with the aim of realising businesses synergies, achieving maximum
efficiencies, developing the Group’s expertise, and optimizing Company operations, processes and
commercial activities.
Maire Tecnimont now occupies one of the leading positions in the ranks of Italian and international
engineering and construction companies, and is recognized as the leading independent Italian
contractor to the oil & gas industry.
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