October 2026
Largest Business Consulting Public Companies in Italy
Benchmark revenue and EBITDA valuation multiples for public comps like
Tecno, Promotica, TradeLab, Diadema Capital and Eprcomunicazione.
 | Tecno is an Italian benefit company based in Naples, founded in 1999 by Giovanni Lombardi, that sells digital and sustainability transformation services to small and medium-sized businesses. Its SustainTech offer combines sustainability consulting, ESG reporting, energy management, and software for what the group calls the twin transition. It serves more than 4,000 client companies, most of them SMEs. The group has grown through acquisitions of consultancies in sustainability and energy efficiency, among them Ergo, Energika and Energon Trade. Tecno listed on Euronext Growth Milan on 16 July 2025 under the ticker TCG, raising about EUR 11 million in a capital increase, with Alkemia SGR taking 13% of the post-IPO capital. Its pro-forma value of production was EUR 26.4 million in 2024. | $6 | +44% | $90M | $88M | 3.1x | 19.9x | ||
| Promotica is an Italian loyalty and promotional marketing agency based in Desenzano del Garda, founded in 2003 by Diego Toscani. It plans and runs loyalty programmes such as reward catalogues, collectibles and prize contests, and handles campaign design, reward sourcing, logistics and results measurement. The company says it has managed more than 2,000 loyalty programmes and operates a logistics platform with 40,000 pallet places. Its clients are mainly supermarket and retail chains. Promotica has been listed on Euronext Growth Milan since 27 November 2020. It closed 2025 with consolidated revenue of EUR 137.4 million and EBITDA of EUR 10.3 million. The group includes Grani & Partners, which it fully owns since October 2025, and Mercati, acquired in 2022. | $3 | +33% | $57M | $69M | 0.4x | 6.5x | ||
| TradeLab is an Italian data, consulting and software company that has worked with businesses and public bodies since 1999. It offers geomarketing, location intelligence, advanced analytics and market intelligence to retail, out-of-home, pharmaceutical and consumer health clients. A separate unit supports public administrations with local economic development, tenders and commercial planning. The company listed on Euronext Growth Milan in May 2025 with a market capitalisation of EUR 9.4 million at the offering, which raised EUR 3 million. It reported 2025 revenue of EUR 6.0 million and EBITDA of EUR 0.76 million, and has about 34 employees. It bought a business unit from Mare Group in December 2025 and the remaining half of the OnTheMap platform in February 2026. | $2 | -- | $13M | $12M | 1.8x | 12.3x | ||
| Diadema Capital is an Italian company based in Milan, formerly named Finance For Food, that provides independent corporate finance and strategic and industrial consulting. It advises on mergers and acquisitions, IPOs, club deals and debt and equity placements, and it began in agri-food advisory before extending into renewable energy and venture capital. Its Finance For Food One fund, launched in 2019, has been managed by Hyle Capital Partners since March 2021. The company is a benefit corporation and was listed on Euronext Growth Milan until its shares were delisted in June 2026. Between November 2024 and November 2025 it took control of the consultancy D&P, first through a 51% stake, then 80% and finally the whole company, and in January 2026 Diadema and D&P merged. Its chief executive is Luca Perconti, and revenue in 2024 was about 1.46 million euros in its asset management segment. | -- | -- | $11M | $11M | - | - | ||
| Eprcomunicazione is an Italian public relations and communication group based in Rome that is organised as a benefit corporation and certified as a B Corp. It offers strategic consulting and integrated reputation management together with corporate, institutional and product communication to large companies and complex organisations. The company says it has served clients for more than 30 years and describes itself as one of the larger independent players in Italian public relations. It was admitted to Euronext Growth Milan on 14 December 2022 after raising 3 million euros in its placement, at a market capitalisation of 10.5 million euros on admission. Its group includes the digital agency Justbit, acquired as a 51 percent majority holding, Cernuto Pizzigoni & Partners, also 51 percent owned, and Centrale Comunicazione, bought outright in March 2026. Together with Justbit the group counts about 70 professionals. In October 2026 it signed a framework agreement to lift its Justbit holding to 60.5 percent. | $1 | -19% | $4M | $5M | 0.4x | 4.1x | ||
| Median | $3 | +33% | $13M | $12M | 1.1x | 9.4x |
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