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Webuild

January 09, 2024

Webuild SpA (formerly Salini Impregilo SpA;[3] Italian pronunciation: [saˈliːni impreˈdʒiːlo]) 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.

Webuild SpA
TypeSocietà per azioni
BIT: SAL
IndustryConstruction, civil engineering
Founded1959; 65 years ago (1959) (as Impregilo)
Headquarters
Key people
ProductsInfrastructure and industrial plant construction and engineering; motorway operating concessions
Revenue €8.2 billion (2022)[2]
€321 million (2022)[2]
€118 million (2022)[2]
Number of employees
85,000
Subsidiaries
  • Lane(USA)
  • Clough(Australia)
RatingBB (S&P Global Ratings)
Websitewww.webuildgroup.com

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 Milan Stock Exchange. It is directed by Pietro Salini.

History edit

The company was founded as Impregilo in 1959 and expanded following a merger with Cogefar-Impresit S.p.A., Girola S.p.A. and Lodigiani S.p.A. in 1990.[6]

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.[7]

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.[8]

In 2016, it acquires Lane Industries, based in Connecticut.[9]

On 18 December 2018, Marco Bucci, the mayor of Genoa and commissioner overseeing the reconstruction of the bridge over the Polcevera River announced the selection of Salini Impregilo and Fincantieri Infrastructure, via a new company called PERGENOVA, for the reconstruction of the bridge according to a design by Renzo Piano.[10][11][12]

In May 2020, the company was rebranded as Webuild.[13] In November 2020, Webuild acquired a 65% shareholding in Astaldi.[14]

In November 2022, Webuild announced that, subject to due diligence, it would acquire the Australian based company Clough Group.[15]

Operations edit

The company undertakes the following types of works: dams, hydroelectric power plants, railways, tunnels, undergrounds, bridges, viaducts, highways, roads, ports, airports and prestigious residential and office complexes.[16] The group is organised into four business areas: Dams, hydroelectric plants and hydraulic works; Motorways and airports; Railways and undergrounds; Civil and industrial buildings.[17]

With more than a century of engineering experience among the two founding companies, Salini and Impregilo, The company's track record includes 257 dams and hydroelectric plants; 6,830 kilometres (4,240 miles) of railway lines; 1,450 kilometres (900 miles) of underground works, 400 of which subway lines; 51,660 kilometres (32,100 miles) of roads and highways; and 350 bridges and viaducts.[18]

Sustainability Rating edit

The sustainability rating assigned to the company by Standard Ethics Aei is E+ (Low).[19]

Major projects edit

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 edit

References edit

  1. ^ "Webuild". Webuild. Retrieved 2023-03-18.
  2. ^ a b c "Annual Results 2022" (PDF). Webuild S.p.A. Retrieved 30 March 2023.
  3. ^ "Salini Impregilo". Salini Impregilo. Retrieved 2020-05-04.
  4. ^ "Group profile | WeBuild Group". webuildgroup. Retrieved 2023-12-15.
  5. ^ "ENR Classification – Water Sector: The Salini Impregilo Group takes first place".
  6. ^ Rickard, Carmel (4 September 2006). . Business Day. Archived from the original on 4 March 2016. Retrieved 14 July 2013.
  7. ^ "Italian Investors Feud Over Biggest Builder Impregilo". Bloomberg. 12 July 2012. Retrieved 10 August 2016.
  8. ^ Flak, Agnieszka (12 September 2013). "Impregilo shareholders approve merger with Salini". Reuters. Retrieved 1 March 2014.
  9. ^ "Salini Impregilo in $406-mln purchase of Lane Industries". Reuters. Retrieved 15 December 2023.
  10. ^ "Genoa Announces $229M Project to Replace Collapsed Bridge". The New York Times. Associated Press. 2018-12-18. ISSN 0362-4331. Retrieved 2018-12-19.
  11. ^ "Genoa Bridge - Salini Impregilo". www.salini-impregilo.com. Retrieved 2018-12-19.
  12. ^ "Fincantieri | SALINI IMPREGILO, FINCANTIERI TO REBUILD GENOA BRIDGE WITH NEW "PERGENOVA" COMPANY". www.fincantieri.com. Retrieved 2018-12-19.
  13. ^ "Salini Impregilo cambia nome: da oggi nasce Webuild - la Repubblica". Repubblica.it. 4 May 2020. Retrieved 2020-05-04.
  14. ^ Webuild Completes Acquisition Of Astaldi Tunnelling Journal 6 November 2020
  15. ^ "Italian builder Webuild agrees to buy Australia's Clough". Reuters. 8 November 2022. Retrieved 8 November 2022.
  16. ^ Projects: works Salini Impregilo
  17. ^ Projects: expertise Salini Impregilo
  18. ^ Track Record Salini Impregilo
  19. ^ "Standard Ethics Rating". standardethicsrating.eu. Retrieved 2023-03-09.
  20. ^ Spurwing facts 2009-11-05 at the Wayback Machine
  21. ^ a b . September 25, 2000. Archived from the original on 2000-09-25.
  22. ^ VRA honours Italy contractors of Akosombo Kpong dams
  23. ^ . Archived from the original on January 2, 2010.
  24. ^ . Archived from the original on October 29, 2013.
  25. ^ gennaio 2013 • 19:27, Dantes 20. "Fréjus, Tir sui treni: cade l'ultimo alibi per la Torino-Lione | LIBRE".{{cite web}}: CS1 maint: numeric names: authors list (link)
  26. ^ . Archived from the original on October 29, 2013.
  27. ^ . Archived from the original on 2013-10-29. Retrieved 2013-10-26.
  28. ^ A much discussed chamber
  29. ^ "The Lesotho Highland Water Development Project - What Went Wrong? | The Corner House". www.thecornerhouse.org.uk.
  30. ^ "Brazil, Serro do Mar - br/18 - Highway". Tunnelbuilder Ltd. Retrieved 23 September 2015.
  31. ^ "Riaa Law". Archived from the original on 2012-09-11. Retrieved 2010-08-06.
  32. ^ . Archived from the original on 2016-03-04. Retrieved 2014-04-03.
  33. ^ . Archived from the original on March 6, 2010.
  34. ^ "Financing agreed for Jebel Ali L power plant". Power Engineering. September 16, 2005.
  35. ^ "Karahnjukar website - Impregilo". Archived from the original on June 22, 2005.
  36. ^ "Rail Performance Society - Italians set national rail speed record (in tunnel) of 362km/h (224.8mph)". www.railperf.org.uk.
  37. ^ "Alfred McAlpine JV wins £125m hospital contract". Building. 19 December 2005. Retrieved 30 April 2018.
  38. ^ "Grand Ethiopian Renaissance Dam Project, Benishangul-Gumuz".]
  39. ^ "Salini Impregilo CEO outlines solutions to Panama Canal dispute". Reuters. 8 January 2014. Retrieved 3 March 2018.
  40. ^ (in German). Consorzio TAT. Archived from the original on 13 September 2012. Retrieved 11 April 2013.
  41. ^ "Copenhagen Metro deal for Salini Impregilo". Construction Europe. 29 October 2014. Retrieved 2019-04-16.
  42. ^ "Italian-led group wins $2bn contract to build north Doha Metro line". Doha News. 19 May 2013. Retrieved 13 June 2015.
  43. ^ Smith, Kevin (29 April 2016). "Perth Airport rail link contract awarded". International Railway Journal. Retrieved 15 July 2023.
  44. ^ . coveringkaty.com. 2019-09-14. Archived from the original on 2019-10-02. Retrieved 2019-10-02.
  45. ^ "Italians Picked for Rogun Dam Contract". Eurasianet. 1 July 2016. Retrieved 3 March 2018.
  46. ^ Moniteur, Le (19 October 2018). "l'italien Salini remporte le second lot de la ligne 16". Le Moniteur. Retrieved 19 October 2018.
  47. ^ "Snowy Hydro could change our electricity grid and bring cheap power. But we have to build it". ABC News. Australian Broadcasting Corporation. 6 January 2023. Retrieved 5 May 2023.

External links edit

  • Official website

January 09, 2024
webuild, formerly, salini, impregilo, italian, pronunciation, saˈliːni, impreˈdʒiːlo, italian, industrial, group, specialising, construction, civil, engineering, company, formally, founded, 2014, result, merger, incorporation, salini, into, impregilo, largest,. Webuild SpA formerly Salini Impregilo SpA 3 Italian pronunciation saˈliːni impreˈdʒiːlo 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 Webuild SpATypeSocieta per azioniTraded asBIT SALIndustryConstruction civil engineeringFounded1959 65 years ago 1959 as Impregilo HeadquartersRomeRozzano 1 Key peopleDonato Iacovone Chairman Pietro Salini CEO ProductsInfrastructure and industrial plant construction and engineering motorway operating concessionsRevenue 8 2 billion 2022 2 Operating income 321 million 2022 2 Net income 118 million 2022 2 Number of employees85 000SubsidiariesLane USA Clough Australia RatingBB S amp P Global Ratings Websitewww wbr webuildgroup wbr comThe 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 Milan Stock Exchange It is directed by Pietro Salini Contents 1 History 2 Operations 3 Sustainability Rating 4 Major projects 5 See also 6 References 7 External linksHistory editThe company was founded as Impregilo in 1959 and expanded following a merger with Cogefar Impresit S p A Girola S p A and Lodigiani S p A in 1990 6 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 7 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 8 In 2016 it acquires Lane Industries based in Connecticut 9 On 18 December 2018 Marco Bucci the mayor of Genoa and commissioner overseeing the reconstruction of the bridge over the Polcevera River announced the selection of Salini Impregilo and Fincantieri Infrastructure via a new company called PERGENOVA for the reconstruction of the bridge according to a design by Renzo Piano 10 11 12 In May 2020 the company was rebranded as Webuild 13 In November 2020 Webuild acquired a 65 shareholding in Astaldi 14 In November 2022 Webuild announced that subject to due diligence it would acquire the Australian based company Clough Group 15 Operations editThe company undertakes the following types of works dams hydroelectric power plants railways tunnels undergrounds bridges viaducts highways roads ports airports and prestigious residential and office complexes 16 The group is organised into four business areas Dams hydroelectric plants and hydraulic works Motorways and airports Railways and undergrounds Civil and industrial buildings 17 With more than a century of engineering experience among the two founding companies Salini and Impregilo The company s track record includes 257 dams and hydroelectric plants 6 830 kilometres 4 240 miles of railway lines 1 450 kilometres 900 miles of underground works 400 of which subway lines 51 660 kilometres 32 100 miles of roads and highways and 350 bridges and viaducts 18 Sustainability Rating editThe sustainability rating assigned to the company by Standard Ethics Aei is E Low 19 Major projects editProjects 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 Kariba Dam Zimbabwe Zambia 1959 20 Dez Dam Iran 1963 21 Akosombo Dam Ghana 1966 22 Salvage of the Abu Simbel temples Egypt 1968 23 Bay of Fontvieille Monaco 1973 24 Tarbela Dam Pakistan 1976 21 Frejus Road Tunnel France Italy 1980 25 Trans Gabon Railway Gabon 1982 26 San Roque Gonzalez de Santa Cruz Bridge Argentina Paraguay 1990 27 New Hemicycle of European Parliament France 1997 28 Lesotho Highlands Water Project 1998 29 Extensions to the Rodovia dos Imigrantes Brazil 2002 30 Ghazi Barotha Dam Pakistan 2002 31 Nathpa Jhakri Hydroelectric Power Project India 2003 32 Sheikh Zayed Mosque United Arab Emirates 2003 33 Desalination plant Jebel Ali l1 United Arab Emirates 2005 34 Karahnjukar Hydropower Plant Iceland 2008 35 Turin Milan and Bologna Florence high speed railways Italy 2009 36 Expansion of the Churchill Hospital in Oxford 2009 37 Grand Ethiopian Renaissance Dam 2011 38 Expansion of the Panama Canal third set of locks 2016 39 Faido sections of the Gotthard Base Tunnel 2016 40 Cityringen new subway circular urban line in Copenhagen 2019 41 Red Line North part of the Doha Metro project in Qatar 2019 42 Forrestfield Airport Link extension to the Transperth rail network 2022 43 Texas Central Railway due to complete in 2025 44 Rogun Dam Tajikistan due to complete in 2025 45 Portions of the Grand Paris Express France due to complete in 2025 46 Snowy 2 0 Pumped Storage Power Station due to complete in 2028 47 See also editStrait of Messina BridgeReferences edit Webuild Webuild Retrieved 2023 03 18 a b c Annual Results 2022 PDF Webuild S p A Retrieved 30 March 2023 Salini Impregilo Salini Impregilo Retrieved 2020 05 04 Group profile WeBuild Group webuildgroup Retrieved 2023 12 15 ENR Classification Water Sector The Salini Impregilo Group takes first place Rickard Carmel 4 September 2006 Water project trial targets Italian giant Business Day Archived from the original on 4 March 2016 Retrieved 14 July 2013 Italian Investors Feud Over Biggest Builder Impregilo Bloomberg 12 July 2012 Retrieved 10 August 2016 Flak Agnieszka 12 September 2013 Impregilo shareholders approve merger with Salini Reuters Retrieved 1 March 2014 Salini Impregilo in 406 mln purchase of Lane Industries Reuters Retrieved 15 December 2023 Genoa Announces 229M Project to Replace Collapsed Bridge The New York Times Associated Press 2018 12 18 ISSN 0362 4331 Retrieved 2018 12 19 Genoa Bridge Salini Impregilo www salini impregilo com Retrieved 2018 12 19 Fincantieri SALINI IMPREGILO FINCANTIERI TO REBUILD GENOA BRIDGE WITH NEW PERGENOVA COMPANY www fincantieri com Retrieved 2018 12 19 Salini Impregilo cambia nome da oggi nasce Webuild la Repubblica Repubblica it 4 May 2020 Retrieved 2020 05 04 Webuild Completes Acquisition Of Astaldi Tunnelling Journal 6 November 2020 Italian builder Webuild agrees to buy Australia s Clough Reuters 8 November 2022 Retrieved 8 November 2022 Projects works Salini Impregilo Projects expertise Salini Impregilo Track Record Salini Impregilo Standard Ethics Rating standardethicsrating eu Retrieved 2023 03 09 Spurwing facts Archived 2009 11 05 at the Wayback Machine a b Ilisu Dam Campaign Company Profile Impregilo September 25 2000 Archived from the original on 2000 09 25 VRA honours Italy contractors of Akosombo Kpong dams Abu Simbel Archived from the original on January 2 2010 Lavori marittimi nella Baia di Fontvieille Archived from the original on October 29 2013 gennaio 2013 19 27 Dantes 20 Frejus Tir sui treni cade l ultimo alibi per la Torino Lione LIBRE a href Template Cite web html title Template Cite web cite web a CS1 maint numeric names authors list link Ferrovia transgabonese Archived from the original on October 29 2013 Ponte Posadas encarnacion sul fiume Parana Archived from the original on 2013 10 29 Retrieved 2013 10 26 A much discussed chamber The Lesotho Highland Water Development Project What Went Wrong The Corner House www thecornerhouse org uk Brazil Serro do Mar br 18 Highway Tunnelbuilder Ltd Retrieved 23 September 2015 Riaa Law Archived from the original on 2012 09 11 Retrieved 2010 08 06 Nathpa Jhakri Hydroelectric Power Project Archived from the original on 2016 03 04 Retrieved 2014 04 03 Grand Mosque Abu Dhabi Archived from the original on March 6 2010 Financing agreed for Jebel Ali L power plant Power Engineering September 16 2005 Karahnjukar website Impregilo Archived from the original on June 22 2005 Rail Performance Society Italians set national rail speed record in tunnel of 362km h 224 8mph www railperf org uk Alfred McAlpine JV wins 125m hospital contract Building 19 December 2005 Retrieved 30 April 2018 Grand Ethiopian Renaissance Dam Project Benishangul Gumuz Salini Impregilo CEO outlines solutions to Panama Canal dispute Reuters 8 January 2014 Retrieved 3 March 2018 St Barbara Celebration 2012 in German Consorzio TAT Archived from the original on 13 September 2012 Retrieved 11 April 2013 Copenhagen Metro deal for Salini Impregilo Construction Europe 29 October 2014 Retrieved 2019 04 16 Italian led group wins 2bn contract to build north Doha Metro line Doha News 19 May 2013 Retrieved 13 June 2015 Smith Kevin 29 April 2016 Perth Airport rail link contract awarded International Railway Journal Retrieved 15 July 2023 High Speed Rail Continues its Slow Speed Move Toward Construction Mobility coveringkaty com 2019 09 14 Archived from the original on 2019 10 02 Retrieved 2019 10 02 Italians Picked for Rogun Dam Contract Eurasianet 1 July 2016 Retrieved 3 March 2018 Moniteur Le 19 October 2018 l italien Salini remporte le second lot de la ligne 16 Le Moniteur Retrieved 19 October 2018 Snowy Hydro could change our electricity grid and bring cheap power But we have to build it ABC News Australian Broadcasting Corporation 6 January 2023 Retrieved 5 May 2023 External links editOfficial websitePortals nbsp Italy nbsp Companies Retrieved from https en wikipedia org w index php title Webuild amp oldid 1190670054, wikipedia, wiki, book, books, library,

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