Incico Acquires Italiana Sistemi to Strengthen Infrastructure Expertise
Deal News | Jul 02, 2025 | Finance Community IT - 1 Corporate M&A

In a strategic move to bolster its infrastructure capabilities, Incico, a leading engineering and plant construction group based in Ferrara, Italy, has acquired Italiana Sistemi. The Naples-based company, known for its specialization in railway and road infrastructure, will now be part of Incico's expanding portfolio. Translink Italy served as the financial advisor for the transaction, with Matteo Paggi and Pedro Carderelli spearheading the advisory team. This acquisition is aligned with Incico's medium to long-term strategy aimed at enhancing its expertise in key infrastructure segments nationally. Post-acquisition, Incico expects to achieve a revenue milestone of 25 million euros and will leverage a robust team of over 250 engineers across 9 operational sites in Italy, the UAE, and India. Italiana Sistemi's extensive experience in complex engineering projects, including rail tracks, stations, tunnels, and bridges, will serve as a significant asset in Incico's ambitious infrastructure ventures. Matteo Paggi from Translink Italy emphasized that this integration of specialized competencies would fortify Incico's project execution capabilities both domestically and internationally.
Sectors
- Civil Engineering
- Infrastructure Development
Geography
- Italy – Both Incico and Italiana Sistemi are based in Italy, and the acquisition is poised to impact the national infrastructure sector.
- United Arab Emirates – Incico operates one of its nine international offices in the UAE, highlighting its global presence and the strategic importance of this region.
- India – With one of its operational sites in India, Incico extends its engineering and infrastructure capabilities beyond Europe, portraying its international expansion strategy.
Industry
- Civil Engineering – Incico operates within the civil engineering sector, specifically focusing on infrastructure projects such as railway and road systems. The acquisition of Italiana Sistemi further solidifies its position in this industry.
- Infrastructure Development – The article focuses on Incico's strategic acquisition to enhance its infrastructure development capabilities, particularly in railway and road construction.
Financials
- 25 million euros – Projected revenue milestone for Incico following the acquisition of Italiana Sistemi.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Incico | Acquiring Company | Company | A leading firm in engineering and plant construction, based in Ferrara, Italy. |
| Italiana Sistemi | Target Company | Company | A Naples-based company specializing in railway and road infrastructure. |
| Translink Italy | Financial Advisor | Company | Served as the financial advisor for Incico's acquisition of Italiana Sistemi. |
| Matteo Paggi | CEO of Translink Italy | Person | Led the advisory team from Translink Italy on the acquisition. |
| Pedro Carderelli | Analyst | Person | Part of the Translink Italy advisory team on the acquisition. |