Webuild

Webuild SpA
Company typeSocietà per azioni
BIT: WBD
IndustryConstruction, civil engineering
Founded1959; 65 years ago (1959) (as Impregilo)
Headquarters
Key people
ProductsInfrastructure and industrial plant construction and engineering; motorway operating concessions
RevenueIncrease €9.99 billion (2023)[2]
Increase €475 million (2023)[2]
Increase €235 million (2023)[2]
Number of employees
80,000
Subsidiaries
RatingBB (S&P Global Ratings)
Websitewww.webuildgroup.com

Webuild SpA (formerly Salini Impregilo SpA;[3] Italian: [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.

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. It is directed by Pietro Salini.

History

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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

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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

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

Major projects

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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

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References

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  1. ^ "Webuild". Webuild. Retrieved 2023-03-18.
  2. ^ a b c "Annual Results 2023" (PDF). Webuild S.p.A. Retrieved 21 April 2024.
  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). "Water project trial targets Italian giant". 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 Archived 2009-11-05 at the Wayback Machine
  21. ^ a b "Ilisu Dam Campaign - Company Profile: Impregilo". September 25, 2000. Archived from the original on 2000-09-25.
  22. ^ VRA honours Italy contractors of Akosombo Kpong dams
  23. ^ "Abu Simbel". Archived from the original on January 2, 2010.
  24. ^ "Lavori marittimi nella Baia di Fontvieille". 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. ^ "Ferrovia transgabonese". Archived from the original on October 29, 2013.
  27. ^ "Ponte Posadas - encarnacion sul fiume Paranà". 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. ^ "Nathpa Jhakri Hydroelectric Power Project". Archived from the original on 2016-03-04. Retrieved 2014-04-03.
  33. ^ "Grand Mosque Abu Dhabi". 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. ^ "St. Barbara Celebration 2012" (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. ^ "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.
  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. ^ "Webuild signs £3.7bn contract to build artificial lake for Saudi Arabia's Neom". New Civil Engineer. 18 January 2024. Retrieved 21 January 2024.
  48. ^ "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.
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