Company description

ASTM S.p.A. is a holding operating in the sectors of motorway management, large infrastructure engineering and construction projects and transport and mobility technology.

The Group is the second largest toll road operator in the world with approximately 4,600 km of road under concession in Italy, Brazil and the UK, also through the jointly controlled company EcoRodovias.

Large infrastructure design and construction work is carried out by ASTM through SINA S.p.A., the Group’s engineering company, and through ITINERA S.p.A., a global player in the construction of transport infrastructure (roads, motorways, railways, subways, bridges, viaducts, tunnels) and of civil and industrial construction projects (hospitals, large shopping centres, airports). ITINERA also has a presence in the US market through Halmar International, one of the leading companies in the metropolitan area of New York for transport infrastructure construction.

ASTM is present in the technology sector through SINELEC S.p.A., a company specialised in the design, construction and management of advanced security, info-mobility and toll collection systems.

Listed on the Italian Stock Exchange, ASTM is a subsidiary of Nuova Argo Finanziaria, an holding company estabilished by Gavio Group (60% stake) and Ardian, a private investment company (40% stake).

Parent companies

Company details

Corso Regina Margherita, 165 10144 Turin – Italy

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • February 13, 2023

    Agreement announced for 4G coverage on multimillion Highway project in Brazil

    TIM Brasil and Ecovias do Araguaia, concessionaire of EcoRodovias, ASTM Group’s Brazilian subsidiary, announce a partnership to install 4G coverage along 850-km Goiás and Tocantins road i...

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  • July 08, 2021

    Contract negotiations for Sotrasambandet road PPP in Norway

    Statens Vegvesen has announced the progress in contract negotiations for the RV 555 Sotrasambandet road PPP project in Norway.  The last part of the contract negotiations started on July 30, 202...

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  • May 13, 2020

    Three teams shortlisted for road PPP megaproject in Norway

    The Norwegian Public Roads Administration (Statens vegvesen) has qualified three consortia for the next phase of the tender process for Rv 555 Sotrasambandet PPP project (the Sotra connection). The co...

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  • March 12, 2020

    Four teams bid for the largest transport PPP in Norway

    Norwegian Public Roads Administration (Statens Vegvesen) has announced the names of the members of consortia that expressed their interest in RV 555 Sotrasambandet PPP project (the Sotra Connection),...

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  • June 19, 2019

    Merger of Italian motorway companies ASTM and SIAS announced

    The Boards of Directors of ASTM S.p.A. (ASTM) and Società Iniziative Autostradali e Servizi S.p.A. (SIAS) have convened to approve an integration project to be implemented by a merger by incorp...

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  • July 27, 2018

    Ardian completes Due Diligence to acquire stake in ASTM/Sias Group

    Aurelia S.r.l., the financial holding company of the Gavio family, and Ardian, a world leading investment house, inform that the due diligence review carried out by Ardian in compliance with the provi...

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  • June 13, 2017

    Ardian fund IV to take stake of Italian highway concession

    Ardian Infrastructure has signed an agreement with SIAS, Satap and Itinera, to become a shareholder of Autovia Padana, the company which operates the A21 Piacenza-Cremona-Brescia motorway.

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  • May 12, 2016

    Italian firms complete acquisition of Ecorodovias

    Astm and Sias, via IGLI S.p.A. have closed the transaction with CR Almeida S.A. Engenharia e Costrucoes (CR Almeida) for the acquisition by Igli of joint control, together with PRIMAV CONSTR...

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