2011- Incorporation of Tecnimont CC

In the first half of 2011 Maire Tecnimont formed a new company, Tecnimont Civil Construction (TCC), to manage the Group’s established infrastructure business. The aim is to harness all the Group’s skills in this area to improve the performance and profitability of the Infrastructure and Civil Engineering business unit.

2010 – Acquisition of Technip KTI, later Tecnimont KT

In 2010 Maire Tecnimont acquired the entire share capital of Sofipart Srl, a company that controlled 76.1% of KTI Management SpA, which, in turn, owned 75% of Technip KTI SpA (TKTI). Technip KTI (later Tecnimont KT) was originally established 40 years ago as a furnace design contractor under the name of Selas Italia. It has since developed into a world leader in the design and construction of hydrogen, ammonia, methanol, ethylene and sulphur plants. In 1974 Selas Italia changed its name to KTI (Kinetics Technology International), and under this name was acquired by Mannesmann Anlagenbau, Germany, in 1988, and, then in 1999, by Technip Italy. Thanks to the TKT acquisition, Maire Tecnimont won the 2011 KPMG M&A Award in the category “Best acquisition in Italy”.

2009 – Acquisition of Stamicarbon and Incorporation of Met NewEn

Maire Tecnimont acquired Stamicarbon in 2009, enlarging its intellectual property expertise and adding technology licensing to its traditional engineering and construction activities. The Dutch company started life in the 1940s as the licensing subsidiary of DSM (Dutch State Mines), selling licenses for coal-washing plants, and then entered the chemical sector in the 1950s, licensing urea processes. The latter rapidly became its most important activity, becoming pivotal by the end of the 1980s when the company closed its Mineral Technology department. Stamicarbon has established itself as the world market leader in the design and innovation of urea manufacturing technology. Thanks to the Stamicarbon acquisition, Maire Tecnimont was a finalist in the KPMG M&A Award 2010 in the category of “Best acquisition abroad by an Italian company”.

In the same year, Maire Tecnimont decided to enter the renewable energy sector by setting up a new company, Met NewEn, to develop Group activities. Met NewEn will promote investments designed to harness the Group’s synergistic strengths in renewables, particularly biomass and concentrated solar power.

2008 - Acquisition of 100% of Tecnimont ICB and Noy Engineering

In 2008, the Group finalized the acquisition of the entire share capital of Tecnimont ICB Pvt. Ltd. (TICB), a primary Indian engineering company. TICB was founded in 1958 by the Kapadia family. In 1996 Tecnimont acquired 25% of the Company, and in 2000 the participation rose to 50%. This acquisition opens growth further perspectives in the Asian market, strengthening a long lasting Group’s presence in the country. Its commitment to India goes back to the 1930s: in the last 5 decades, the Group has completed more than 20 fertilizer plants and 40 process units in India.

In the same year, the Group acquired the Bergamo-based Noy Engineering, which specializes in the design and supply of PET resin and polyester, nylon and acrylic fibre plants, in order to broaden its technology portfolio. Noy has been active since the early 1980s in the chemicals and textiles sectors and has also diversified internationally and into new product areas.

2007 - IPO (Initial Pubblic Offering)

Two years after its incorporation Maire Tecnimont decided to increase its international visibility and widen its ownership base by listing on the Italian stock exchange. In the same year it was awarded the“Value Creators” Prize by MF Company Awards.

2005 - Incorporation of Maire Tecnimont Group

The Group’s roots lie in two historically important Italian engineering companies: Fiat Engineering (which later became Maire Engineering), acquired in February 2004, and Tecnimont (part of Montedison), the acquisition of which in 2005 gave birth to the Maire Tecnimont SpA.

The Origins

Fiat Engineering

It was the construction and plant building division of the Fiat Group. Originally formed during the 1930s to design and build automobile plants, it later evolved specialist skills in cogeneration and combined cycle plants in Italy and abroad, notably in the Middle East and Latin America. It also developed expertise in infrastructure projects, such as the design of high-speed railway lines and innovative underground railway systems.

Tecnimont

It was founded by Montedison in 1973 to combine the specialist skills of the engineering and development divisions of Montecatini and Edison, two great names of Italian industry. The former inherited the legacy of Giulio Natta, the Nobel prize-winner for chemistry in 1963, and specialized in building polyolefin plants. The latter had been active in electricity generation since the late 19th century. Tecnimont and its forerunners have been designing and constructing plants for the chemicals and petrochemicals, oil and gas, and power sectors in Italy and abroad for more than 50 years, and have established a track record of success in the execution of turnkey engineering, procurement and construction projects worldwide. The acquisition of Tecnimont by Maire was ranked as the second most important merger in Italy in 2005 (KPMG M&A Award 2006)