Webuild Explained

Webuild S.p.A.
Type:Public
Traded As:

FTSE Italia Mid Cap
Foundation: (as Salini Impregilo)
Products:Large complex infrastructure for sustainable mobility, hydro energy, water and green buildings
Revenue: €11,790.5 million (2024)[1]
Operating Income: €522.6 million (2024)
Net Income: €199.5 million (2024)
Num Employees: 92,000 (2024)[2]

Webuild S.p.A. (previously Salini Impregilo S.p.A.;[3] pronounced as /it/) is an Italian industrial group specialising in construction and civil engineering. The company was formally founded in 2014 as the result of the merger by incorporation of Salini into Impregilo. Webuild is the largest Italian engineering and general contractor group and a global player in the construction sector.

The company is active in over 50 countries of 5 continents (Africa, America, Asia, Europe, Oceania) with more than 85,000 employees.[4] Its experience ranges from the construction of dams, hydroelectric plants and hydraulic structures, water infrastructures and ports, to roads, motorways, railways, metro systems and underground works, to airports, hospitals and public and industrial buildings, to civil engineering for waste-to-energy plants and environmental protection initiatives. It takes first place in the water sector of the Engineering News-Record rankings, the benchmark for the entire construction industry.[5]

The company is listed on the Borsa Italiana. Its chief executive is Pietro Salini.

History

The company was founded as Impregilo in 1960[6] and expanded following a merger with Italian: Cogefar-Impresit S.p.A., Girola S.p.A. and Lodigiani S.p.A. in 1994.[7]

Impregilo established a business relationship with Fisia in 1998,[8] and acquired Todini in 2010.[9]

In 2011 Salini, privately held, began its acquisition of Impregilo with an initial purchase of shares, reaching 25% the following year. The acquisition set a precedent in Italy because it was the first proxy fight for control of a company to occur in the country. Despite the opposition it faced from a group of investors, Salini managed to convince enough shareholders at an assembly in July 2012 to approve its proposal to replace Impregilo's board of directors with its own list of candidates. Once in place, these new members of the board approved Salini's offer to buy the rest of Impregilo. Pietro Salini became chief executive. A few months later, the board approved Salini's plan.[10]

In 2013, Salini launched a tender offer to buy the remaining ordinary shares in Impregilo. In January 2014 the transaction was completed forming Salini Impregilo.[11]

In 2016, it bought Lane Industries, based in Connecticut[12] and, in 2019, it announced the acquisition of a majority stake in Cossi Costruzioni.[13]

In May 2020, the company was rebranded as Webuild.[14] In November 2020, Webuild acquired a 65% shareholding in Astaldi.[15]

In November 2022, Webuild announced that, subject to due diligence, it would acquire the Australian based company Clough Group.[16]

Operations

The group is organised into four business areas: Clean Hydro Energy, Clean Water, Sustainable Mobility, Green Buildings. The company's projects include 313 dams and hydroelectric plants; 13319km (8,276miles) of railway lines; 3408km (2,118miles) of underground works, 821km (510miles) of which subway lines; 82533km (51,284miles) of roads and highways; and 1020km (630miles) of bridges and viaducts.[17]

Major projects

Projects in which the company has been involved include buildings, public utilities, motorways, underground works, airports, water supply systems, waste disposals, hospitals and land development. Some major examples include:

See also

Notes and References

  1. Web site: Annual Results 2024. Webuild. 17 March 2025.
  2. Web site: Webuild, un 2024 da record: "Pronti per la ricostruzione in Ucraina e per nuove sfide globali" . 14 March 2025 .
  3. Web site: Salini Impregilo . Salini Impregilo . 2020-05-04.
  4. Web site: Group profile WeBuild Group . 2023-12-15 . webuildgroup . en.
  5. News: ENR Classification – Water Sector: The Salini Impregilo Group takes first place.
  6. Web site: Salini Impregilo Expects U.S. Acquisition To Cut Risk, Raise Profit Margins. 24 August 2016. Engineering News Record. 20 January 2025.
  7. News: Rickard . Carmel . Water project trial targets Italian giant . . 4 September 2006 . 14 July 2013 . 4 March 2016 . https://web.archive.org/web/20160304033818/http://www.sadocc.at/news/2006/2006-112.shtml . dead .
  8. Web site: Environmental emergency in the Orbetello lagoon. Works related to the "Connection project for the completion of the works of the 1st section - Supplementary and variant appraisal no. 2".. Official Journal . 19 July 1999 . 20 January 2025.
  9. News: Salini Impregilo sells Todini, 7 billion revenue expected. 21 March 2014. The Medi Telegraph. 20 January 2025.
  10. Web site: Italian Investors Feud Over Biggest Builder Impregilo. 12 July 2012. Bloomberg. 10 August 2016.
  11. News: Flak . Agnieszka . Impregilo shareholders approve merger with Salini . Reuters . 12 September 2013 . 1 March 2014.
  12. News: Salini Impregilo in $406-mln purchase of Lane Industries . Reuters. 15 December 2023.
  13. News: Salini Impregilo buys majority stake in Cossi Costruzioni. 4 April 2019. Ground Engineering. 20 January 2025.
  14. Web site: Salini Impregilo cambia nome: da oggi nasce Webuild - la Repubblica . 4 May 2020 . Repubblica.it . 2020-05-04.
  15. https://tunnellingjournal.com/webuild-completes-acquisition-astaldi/ Webuild Completes Acquisition Of Astaldi
  16. News: Italian builder Webuild agrees to buy Australia's Clough. Reuters. 8 November 2022. 8 November 2022.
  17. Web site: Webuild At a Glance 2023. 10. Webuild. 20 January 2025.
  18. http://www.spurwing.co.zw/facts_kariba.htm Spurwing facts
  19. Web site: Ilisu Dam Campaign - Company Profile: Impregilo. September 25, 2000. https://web.archive.org/web/20000925035824/http://www.ilisu.org.uk/impregilo.html . 2000-09-25 .
  20. http://www.ghananewsagency.org/details/Science/VRA-honours-Italy-contractors-of-Akosombo-Kpong-dams/?ci=8&ai=32929#.UHF1s03R6Yk VRA honours Italy contractors of Akosombo Kpong dams
  21. Web site: Abu Simbel. https://web.archive.org/web/20100102084618/http://www.abusimbelexpo.org/estas/Abu%20Simbel.html. dead. January 2, 2010.
  22. Web site: Lavori marittimi nella Baia di Fontvieille. https://web.archive.org/web/20131029201136/http://www.impregilo.it/it/lavori-marittimi-baia-fontvieille. dead. October 29, 2013.
  23. Web site: Fréjus, Tir sui treni: cade l'ultimo alibi per la Torino-Lione | LIBRE. Dantes 20. gennaio 2013 • 19:27.
  24. Web site: Project Completion Report: Tarbela Dam Project. World Bank. 15 September 1986. 2. 6 May 2025.
  25. Web site: Gabon: A Neocolonial Enclave of Enduring French Interest. Michael C. . Reed. The Journal of Modern African Studies. 1 June 1987. 6 May 2025.
  26. Web site: Ponte Posadas - encarnacion sul fiume ParanĂ . 2013-10-26. 2013-10-29. https://web.archive.org/web/20131029193032/http://www.impregilo.it/it/ponte-posadas-encarnacion-fiume-parana. dead.
  27. http://www.lepoint.fr/actualites-politique/2007-01-24/un-hemicycle-tres-discute/917/0/80762 A much discussed chamber
  28. Web site: The Lesotho Highland Water Development Project - What Went Wrong? | The Corner House. www.thecornerhouse.org.uk.
  29. Web site: Brazil, Serro do Mar - br/18 - Highway. Tunnelbuilder Ltd. 23 September 2015.
  30. Web site: Riaa Law. 2010-08-06. 2012-09-11. https://archive.today/20120911140240/http://www.riaalaw.com/construction.html. dead.
  31. Web site: Nathpa Jhakri Hydroelectric Power Project. 2014-04-03. 2016-03-04. https://web.archive.org/web/20160304114342/http://people.bath.ac.uk/mnsanb/MN20211NathpaJhakriHydroelectricPowerProject.doc. dead.
  32. Web site: Grand Mosque Abu Dhabi. https://web.archive.org/web/20100306003546/http://www.halcrow.com/Our-projects/Project-details/Grand-Mosque-Abu-Dhabi/. dead. March 6, 2010.
  33. News: Siemens lands $560m Jebel Ali plant deal. 15 October 2012. Mechanical Electrical Plumbing Middle East. 6 May 2025.
  34. Web site: Karahnjukar website - Impregilo. http://wayback.vefsafn.is/wayback/20050622175416/www.karahnjukar.is/EN/article.asp?ArtId=595&catID=394. dead. June 22, 2005.
  35. Web site: Rail Performance Society - Italians set national rail speed record (in tunnel) of 362km/h (224.8mph). www.railperf.org.uk. 2009-06-08. 2023-03-22. https://web.archive.org/web/20230322175735/http://www.railperf.org.uk/index/news-app/story.13/title.italians-set-national-rail-speed-record-in-tunnel-of-362km-h-224-8mph-. dead.
  36. Web site: Alfred McAlpine JV wins ÂŁ125m hospital contract. 19 December 2005. Building. 30 April 2018.
  37. Web site: Grand Ethiopian Renaissance Dam Project, Benishangul-Gumuz.
  38. Web site: Salini Impregilo CEO outlines solutions to Panama Canal dispute. 8 January 2014. Reuters. 3 March 2018.
  39. Web site: St. Barbara Celebration 2012 . Consorzio TAT . de . 11 April 2013 . dead . https://web.archive.org/web/20120913020852/http://www.tat-ti.ch/ . 13 September 2012 .
  40. Web site: Copenhagen Metro deal for Salini Impregilo. 29 October 2014. Construction Europe. 2019-04-16.
  41. News: Italian-led group wins $2bn contract to build north Doha Metro line . . 19 May 2013 . 13 June 2015.
  42. News: Genoa Announces $229M Project to Replace Collapsed Bridge. Associated Press. 2018-12-18. The New York Times. 2018-12-19. en-US. 0362-4331.
  43. Web site: Genoa Bridge - Salini Impregilo. www.salini-impregilo.com. 2018-12-19.
  44. Web site: Fincantieri SALINI IMPREGILO, FINCANTIERI TO REBUILD GENOA BRIDGE WITH NEW "PERGENOVA" COMPANY. www.fincantieri.com. en. 2018-12-19.
  45. Web site: Smith . Kevin . Perth Airport rail link contract awarded . International Railway Journal . 15 July 2023 . 29 April 2016.
  46. Web site: Italians Picked for Rogun Dam Contract. 1 July 2016. Eurasianet. 3 March 2018.
  47. Web site: l'italien Salini remporte le second lot de la ligne 16. 19 October 2018. Le Moniteur. 19 October 2018. Moniteur. Le.
  48. News: Webuild signs ÂŁ3.7bn contract to build artificial lake for Saudi Arabia's Neom. New Civil Engineer. 18 January 2024. 21 January 2024.
  49. News: 6 January 2023 . Snowy Hydro could change our electricity grid and bring cheap power. But we have to build it . . . 5 May 2023.
  50. Web site: Fechter . Joshua . 2025-04-14 . Trump officials cut planning grant for Texas high-speed rail between Dallas and Houston . 2025-04-15 . The Texas Tribune . en.

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