When was MERMEC Group founded?

MERMEC Group was founded in 1988 and raised its 1st funding round 23 years after it was founded.

Where is MERMEC Group located?

MERMEC Group is headquartered in Monopoli, Italy. It is registered at Via Oberdan 70, 70043 Monopoli.

How many employees does MERMEC Group have?

As of Jul 31, 2026, the latest employee count at MERMEC Group is 1002.

Is MERMEC Group an acquired company?

MERMEC Group got acquired by undefined on Mar 11, 2008.

Is MERMEC Group a funded company?

MERMEC Group is a funded company, having raised an undisclosed amount across 6 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jan 01, 2011.

When was the latest funding round of MERMEC Group?

MERMEC Group's latest funding was a $***** Conventional Debt round on Sep 23, 2023, with participation from 1 investor.

Where does MERMEC Group rank among its competitors?

MERMEC Group ranks 2nd amongst 121 active competitors, of which 13 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was MERMEC Group, which secured $31.9M in Sep, 2023.

Who are the top competitors of MERMEC Group?

MERMEC Group's top competitors include L2M Rail, KONUX and Machines With Vision. Among them, MERMEC Group secured the most recent funding round in September, 2023.

MERMEC Group - 2026 Company Profile, Funding & Competitors

Company Details

Mermec provides tech-enabled maintenence and management solutions for rail operators. It offers hardware products with embedded software solutions for track measurement & inspection, catenary measurement & inspection, and train monitoring. Additionally, the company also offers rail signaling and control solutions including lineside equipment, level crossing management system, diagnostics systems, and automated train protection & control (ATP/ATC) systems. It offers Ramsys predictive model software platform for rail infrastructure and maintenance, Trackware offers review and analysis software solutions for operators.

Website: mermecgroup.com
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Registered Address: Via Oberdan 70, 70043 Monopoli

Key Metrics

Founded Year

1988

Location

Monopoli, Italy

Stage

Acquired

Latest Funding Round

Conventional Debt, Sep 23, 2023, $*****

Investors

European Investment Bank & 1 more

Ranked

2^nd among 121 active competitors

Employee Count

1,002 as on Jul 31, 2026

Similar Companies

L2M Rail & 55 more

Exit Details

Acquired

View MERMEC Group's full profile

MERMEC Group is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Mer Mec S.p.a. CIN: 986512403 , Norway, Active	Jun 05, 1988	-	-

MERMEC Group got acquired by on Mar 11, 2008 at an acquisition amount of $*****.

Click here to take a look at MERMEC Group's acquisition in detail

MERMEC Group has raised funding over 6 rounds. Its first funding round was on Jan 01, 2011. Its latest funding round was a Conventional Debt round on Sep 23, 2023 for $*****. 1 investor participated in its latest round. MERMEC Group has 2 institutional investors.

Here is the list of recent funding rounds of MERMEC Group:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 23, 2023	4751483	Conventional Debt	1001939	3178499	1084553	1085027
Jun 2017	2798946	Conventional Debt	3593618	5546850	8348890	European Investment Bank
Apr 01, 2016	2672457	Grant (prize money)	2562671	6168525	5263123	Europa

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View details of MERMEC Group's funding rounds and investors

MERMEC Group's employee count trend

MERMEC Group has 1,002 employees as of Jul 26. Here is MERMEC Group's employee count trend over the years:

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Top competitors of MERMEC Group include L2M Rail, KONUX and Machines With Vision. Here is the list of Top 10 competitors of MERMEC Group, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	L2M Rail 2016, Bengaluru (India), Seed	AI and cloud-enabled platform offering comprehensive rail operations maintenence and management solutions	$423K	Pss Family Trust, Indian Scientific & 7 others	54/100
2nd	MERMEC Group 1988, Monopoli (Italy), Acquired	Tech-enabled maintenence and management solutions for rail operators	-	European Investment Bank, Europa	53/100
3rd	KONUX 2014, Germany, Series C	Developer of AI and IoT solutions for railway operations optimization	$131M	New Enterprise Associates, Alibaba Group ... & 28 others	52/100
4th	Machines With Vision 2015, Edinburgh (United Kingdom), Seed	Precision localization solutions for autonomous driving, railways, and robotics	$4.94M	DB Digital Ventures, Old College Capital & 8 others	51/100
5th	Cordel AI 2012, Newcastle (Australia), Acquired	AI-enabled platform offering track monitoring and inspection solutions for the railroad industry	-	-	48/100
6th	Perpetuum 2004, Southampton (United Kingdom), Acqui-Hired	Provider of wireless monitoring solutions for the railway industry	$17.8M	Quester, ETF Partners & 8 others	46/100
7th	TTCI 1982, Pueblo (United States), Unfunded	Provider of software solutions for maintenence of the rail track	-	-	42/100
8th	WI-TRONIX 2004, Bolingbrook (United States), Series B	AI-enabled monitoring & predictive diagnostics solutions for railway assets	-	Siemens	42/100
9th	ApnaTech 2004, Noida (India), Acquired	SaaS-enabled platform offering rail track and fleet monitoring solutions for rail operators	$148K	OEP Rail Infrastructure Finance & 5 others	42/100
10th	GREX 1993, Georgetown (United States), Acquired	Tech-enabled solutions for track monitoring and material handling	$7.46M	-	41/100