Over the life of the $1 Billion Muskrat Falls contract, Astaldi Canada plans to spend hundreds of millions of dollars in supplies and services.
In 2012 the Astaldi acquired the Canadian company T.E.Q., a specialist in the civil works and project management sector with yearly revenues of about 50 million CAD.
Astaldi Group was set up in the 1920s when engineer Sante Astaldi established the one-man firm “Ing. Sante Astaldi”, a construction company that worked mainly on large-scale civil works contracts in Italy.
According to ENR (Engineering News Record) tables, Astaldi is the 18th contractor in the world in the water supply sector and holds the 4th position as regards waterworks.