Ingeteam closes FY 2018 with a turnover of €637 million


Ingeteam has achieved a turnover of €637 million: a 47% increase since 2016. 82% of the business is abroad. The Group has created 865 new jobs and has invested €84 million in R&D. It has made investments of more than €30 million.

This year we have delivered converters from a new plant in India and have consolidated our business in USA and Brazil. Ingeteam expects to consolidate its growth by achieving sales of €730 million by 2021, including sales fourfold in Railways.