SPIG Timeline
1936
SPIG is founded by Eng. F. Bonati and Eng. A. Sorbatti
1966
SPIG becomes part of UDI (Marley)
2003
The third generation of the founding families regains ownership
2004–2008
SPIG establishes legal entities in Germany, UAE, Brazil, and other international markets
2005
SPIG expands its product offering by adding dry cooling systems
2010
AMBIENTA equity fund acquires stakes in SPIG to support international expansion
2012
Joint venture launched in China; introduction of SRB (Single Row Bundles) production and establishment of SPIG subsidiary in South Korea
2016
SPIG is acquired by Babcock & Wilcox (B&W), becoming part of a global engineering group
2020
New indoor and outdoor warehouses and a test cooling tower facility are inaugurated to support product development
2022
SPIG products are integrated into the Clean Energy segment of B&W, under B&W Environmental
2023
New subsidiary is established in Saudi Arabia. The China joint venture becomes 100% SPIG-owned
2024
SPIG and GMAB become part of the Auctus Group, marking a new phase of strategic growth
2025
New subsidiaries are established in UK and in USA
2026
SPIG celebrates a historic milestone: nine decades of operation
GMAB Timeline
1841
Götaverken is founded in Sweden, producing ships, boilers, diesel engines, and aircraft
1988
Götaverken Miljö AB (GMAB) is established as a spin-off from Götaverken Energy Systems, focusing on environmental technologies
1988
GMAB delivers its first major projects: compression heat pumps at GRYAB and three wet flue gas cleaning lines with condensation at GRAAB in Göteborg — the world’s first flue gas condensation plant in a Waste-to-Energy facility
1998
GMAB is acquired by Swedish state-owned investor Sjätte AP-fonden.
2010
Babcock & Wilcox Vølund A/S acquires GMAB, integrating it into their portfolio of environmental solutions
2017
GMAB’s name changes to B&W Völund AB
2022
GMAB become part of B&W Environmental segment
2024
GMAB is acquired by AUCTUS Capital Partners AG and enters into a strategic partnership with SPIG SpA
2025
New subsidiaries are established in UK and in USA
Today
GMAB is recognized for its advanced flue gas cleaning technologies and its strong commitment to innovation, R&D, and environmental impact reduction — in close collaboration with universities and research institutes