RINA acquires engineering consultancy

The acquisition takes RINA’s projected 2012 turnover to over €300 million. The D’Appolonia Group, founded in the USA but headquartered in Genoa since 1981, delivers engineering competencies in the field of strategic consultancy, planning and design in various industrial sectors from a global network of offices. It generated revenue in 2011 of over €87 million. The group employs over 580 multi-disciplinary staff with capabilities in earth sciences, civil, environmental and structural engineering, risk assessment, health and safety, chemical and process engineering, system and transport engineering, electronics, telecommunications and innovation engineering. The companies of the group provide integrated engineering services to the public and private markets in the sectors of environment, energy, infrastructure and transport, electronics and telecommunications, with a successful track record of over 20,000 projects.

D’Appolonia’s main markets are Italy with 48%, Europe with 24.5% and Asia with 22%. The company has a network of eight foreign offices and six in Italy. The 20% of the company not acquired by RINA remains with the original private shareholders.

Ugo Salerno, CEO of RINA, says: “The acquisition of another company founded on excellence like D’Appolonia is a step forward in our development strategy which is based on boosting our competencies, improving synergies and delivering services with a high added value. We can provide a wider range of expert services to more companies and governments world-wide, as D’Appolonia’s expertise and markets strengthen some things we already do and also widen the range of services we can deliver. In this 150th anniversary year we are transforming the RINA Group and positioning it to grow and develop further, consolidating our presence in global markets and widening our range of services by acquiring other excellent companies.”

Giampaolo Vaccaro, president of D’Appolonia says, “With our other stakeholders we spent a long time considering before deciding who to entrust the future of D’Appolonia to, and in the RINA Group we identified the values, the reliability and the strategic vision which we are certain will enable our company to reach new and important objectives.”