Holding Tiberiade is part of a branch of Valter Mainetti's family and has recently concluded the acquisition of Condotte. The operation was finalized thanks to the financial support of Banca Progetto for a total and overall value of two hundred and eighty million euros.
According to forecasts, the company's annual turnover will be around two hundred and fifty million euros, excluding new orders. This is a meeting of the titans given that both companies boast highly respectable infrastructural operations, not only in Italy but also abroad.
In fact, Valter Mainetti's family is also at the head of the holding Sorgente Group while the Condotte company boasts a long history of infrastructures, from 1980 to today, built in various parts of the world.
The financial operation of acquisition of Condotte by Holding Tiberiade controlled by the family of Valter Mainetti
The acquisition agreement for the core branch of Condotte by the company Imprecim was concluded a few days ago, which in turn is controlled by Tiberiade Holding. This latter company belongs to the branch of the Valter Mainetti family, which also owns Sorgente Group.
In this context the company Imprecim was renamed as “Italian Company for Pipelines
of water 1880”, although the name has been scaled down to Condotte 1880. The number 1880 was not chosen by chance, but rather recalls the historical relevance of the Condotte company which dates back to its foundation: exactly on 7 April 1880.
During this period he designed, planned and built numerous important infrastructural works, which include the construction of dams, bridges and tunnels, not only on Italian soil but throughout the world.
As we have already anticipated, according to the official note the financial operation was sponsored with the support of Banca progetto, determining the value of the maneuver at two hundred and eighty million euros. Instead, as regards the annual turnover, revenues of two hundred and fifty million euros are expected, net of new orders.
An overview of the Condotte company
An exceptional round of applause goes to Commissioners Matteo Uggetti, Giovanni Bruno and Gianluca Piredda, who they collaborated in order to protect both the company's business and its staff, which consists of four hundred and fifteen units located between the company's Italian and foreign offices.
Not by chance, the Commissioners have done an impeccable job over the last five years, taking on the responsibility of an extraordinary administration, once again handing over the reins of a normal operation aimed at the development and requalification of the company.
Therefore, in order to preserve the image of the company, it was thought to incorporate existing staff and bring it back into the new company. Nonetheless, the company boasts an example of infrastructural achievements of extreme relevance in the social field.
The orders designed and built from 1880 to today have given shine to a very respectable portfolio and certainly enviable. Among the many, we report the Caserta Polyclinic, the City of Health of Sesto San Giovanni as health works.
From a road perspective, the company built the Lioni-Grottaminarda motorway, a percentage of the Messina Bridge, the Rome Metro D, the Port of Otranto and also the Bolzano Prison. If instead we go to list some works made abroad, among these we recall a railway and a highway in Algeria and another highway in Kuwait.
Valter Mainetti's family businesses
The family of Valter Mainetti, who controls the Tiberiade Holding, boasts a rather long economic and financial history and studded with successes.
Businesses headed by the Mainetti family have been protagonists in the USA in the 1920s and 1930s of the assembly of iron structures of iconic buildings, such as the Chrysler Building in New York and the New York Stock Exchange Addition.
He also left his mark in Italy, especially in the Seventies, dedicating themselves to the construction of mechanical plants such as the steelworks of Terni and Taranto, as well as the Synchrotron of Frascati. Over time they gave life to other types of initiatives that included the sectors of social, commercial and residential construction.
A crescendo that has led Holding Tiberiade today, thanks to the acquisition of the core Condotte, to diversify its activities mainly in five main sectors, which encompass publishing and real estate, restoration, energy and large engineering works. Everything is controlled and designed through companies dedicated to carrying out a specific function, in order of direction and strategic and financial control.
EDITORIAL TEAM
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