May 2026
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Largest ClimateTech Public Companies in Italy
Benchmark revenue and EBITDA valuation multiples for public comps like
ERG, Iren Group, GVS, eVISO and Maps.
 | ERG SpA produces electricity from clean, renewable, and sustainable sources. Its energy comes from the combination of natural resources such as wind and sun. The company produces wind power, and electricity as a hydroelectric operator to markets across Europe. Electricity is also generated from natural gas operations located in Italy. ERG's wind power production is handled by subsidiary ENG Renew which focuses on developing, building, and operating wind assets. Hydropower and natural gas operations are split off into ERG Power Generation. The company's hydro assets include plants, dams, reservoirs, and a pumping station. Electricity from the plant is either fed into Italy's national grid or used to power other industrial plants. | $27 | +27% | $4B | $4B | 4.3x | 5.7x | ||
| Iren SpA is a multi-service Italian utilities holding company that produces and distributes electricity and natural gas. It also provides district heating, water, and environmental services. Iren has five operating companies that include Iren Acqua Gas, Iren Energia (electricity and thermal production), Iren Mercato (sale of electricity, gas, and district heating), Iren Emilia (gas distribution), and Iren Ambiente (environmental services). The company primarily uses hydroelectric, cogeneration, and wind power as energy sources. The majority of revenue is derived from the distribution and sale of electricity and natural gas products and services. | $3 | -2% | $4B | $9B | 1.3x | 6.3x | ||
| GVS SpA is a manufacturer of filter solutions for applications in the Healthcare and Life Sciences, Energy and Mobility and Health and Safety sectors. Its products include healthcare liquid; healthcare air and gas; microfiltration; microbiology; environmental monitoring; disc and sheet membranes; molecular biology; technical documentation; fuel and diesel injector filters; ABS / ESP - braking filters; steering and transmission filters; fuel tank filters; ventilation membrane; throttle body; SCR tecnology - urea filter; among others. It operates in industries: Aerospace, Agriculture, Automotive, Beauty, Biotech, Building, Construction, DIY, Food & Beverage, Healthcare, Home & Appliance, Laboratory, Microelectronics, Mining & Metal, Motorcycle, Oil & Gas, Rail, Shipyard and Vet. | $5 | +2% | $943M | $1B | 2.4x | 9.9x | ||
| Eviso SpA specializes in the supply of electricity for small and medium-sized enterprises, farms, shops and restaurants in low voltage and medium voltage. The coverage for the supply of electricity is active in all regions of Italy. | $10 | -15% | $232M | $220M | 0.6x | 17.7x | ||
| Maps SpA is a software solution provider. It designs and develops software solutions that improve service quality, increase operational efficiency, and help customers improve their decision-making. The company predominantly caters to its customers in the Healthcare, Energy, and ESG sectors. Its Healthcare Business Unit develops solutions related to patient experience and telemedicine, data-driven governance platforms, applications for the digitization of diagnostic service workflows, radiology, laboratory tests, and others. The Energy business unit supports the changes taking place for the energy transition, and its ESG Business Unit commercializes solutions that measure the achievement of corporate and employee goals, manage risks, and report on non-financial performance. | $3 | -32% | $36M | $38M | 1.0x | 5.8x | ||
| Median | $5 | -2% | $943M | $1B | 1.3x | 6.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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