Translink Corporate Finance acted as the advisor to Incico in the sale of 51% to Vulcain Engineering Group

Translink Corporate Finance in Italy and France acted as financial advisor to Incico SpA (Incico), a Ferrara-based group and one of Italy’s leading players in multidisciplinary engineering for complex civil works and industrial infrastructures. The transaction facilitated Incico’s entry into Vulcain Engineering Group, a multinational company specialising in engineering and consulting services across infrastructure design in the Energy, Process Industry, Life Sciences, Defense and Transportation sectors.

Incico to accelerate expansion in Italy and the Middle East and leverage AI expertise

The deal will allow Incico to accelerate its expansion plan in Italy and the Middle East within Vulcain Engineering, both in terms of organic growth and through targeted acquisitions. In addition, Incico will benefit from Vulcain Engineering’s strong expertise in implementing artificial intelligence within design and modelling processes.

Strategic and managerial continuity ensured with CEO confirmation and new partner appointments

Continuity at the strategic and managerial level will be ensured by the confirmation of Eng. Olivier Severini as CEO and partner of Incico, with Eng. Giovanni Monini (CEO and long-time partner), who has divested his shares but will also maintain a prominent role in the future by ensuring the coordination of commercial activities as Business Development Vice-President. At the same time, ten managers join as partners in the new entity, facilitating the gradual transition of corporate leadership to the first line of management.

Incico’s global footprint positions Italy as a strategic growth hub with revenue set to double

As a result of the transaction, the new reality can count on offices in 20 countries, a total turnover of more than 720 million euros and more than 6,800 employees. In this context, Italy will play a central role in the group’s present and future strategy, thanks to its involvement in projects in the Renewable Energy, Railway Infrastructure and Process Industry sectors, with the goal of doubling Incico’s revenues in just three years from the current 25 million to 50 million for the Italian market alone.

Comments from Translink Corporate Finance

Matteo Paggi, CEO of Translink Italy, said, “Incico’s entry into Vulcain Engineering Group is the natural result of this growth path and opens a new phase of development of extraordinary relevance. We are particularly happy to have contributed to creating the conditions for an industrial partnership that enhances people, ensures managerial continuity and offers important growth opportunities in international markets. We wish Incico and Vulcain success in building a lasting success story that matches the ambitions they share.”

Translink acted as financial advisor in the deal, with a team composed of Matteo Paggi (Managing Partner of Translink Italy), Mathieu Lemesle (Managing Partner of Translink France) and Pedro Carderelli (Analyst).