Italferr acquires majority share of CREW Cremonesi Workshop

For the integrated development of infrastructure projects in foreign markets

Rome, 30 November 2018

Italferr (FS Italiane Group) acquires majority stake of CREW Cremonesi Workshop.

The aim is to develop high quality infrastructure projects both in international markets and in Italy; sharing know-how in the engineering and architecture sectors; integrate the mutual competences and specializations in the design of architectural and engineering models for public and private clients all over the world; and make use of the expertise of a group of engineers and architects, for a multidisciplinary and integrated approach to projects and to export the technical experience acquired in terms of sustainability and innovation in the realization of major Italian projects.

"With CREW - underlined Gianfranco Battisti, CEO and General Manager of FS Italiane - the FS Italiane Group acquires important professional skills in multidisciplinary services and in particular in the design and engineering of infrastructures, as well as experience in the development and implementation of projects with Building Information Modelling (BIM) methodology. These railway competences will allow Italferr to compete more and more in international markets, especially in those areas where the demand for infrastructural and technological enhancement is diversified. CREW will contribute with its international experience to export the distinctive elements that make the Made in Italy brand a recognized excellence in the world."

"After 31 years since its founding, and after years of great growth - explains Lamberto Cremonesi, President of CREW Cremonesi Workshop - Crew has developed know-how and technical skills that allow it to compete at the highest levels in national and international markets. The acquisition by Italferr of a majority shareholding of the company, the resulting synergies, and the shared experience reinforce this growth path and help us reach the necessary company size to compete in a global market, today largely dominated by large foreign groups."

With the acquisition of CREW Cremonesi Workshop, Italferr will increase its skills and specialization in the integrated design of architectural and engineering models with the Building Information Modelling (BIM) methodology, for public and private clients all over the world.

Italferr, FS Italiane Group's engineering company, represented over 60 countries worldwide, is one of the major international players in the conventional and high-speed railway engineering sector, in metropolitan and road transport, and in large infrastructure projects.

CREW Cremonesi Workshop is an architectural design and infrastructure engineering company (metro stations, highways, roads, and bridges) active since 1987 in the Italian market and in foreign markets, with important experience in the Middle East and Africa.