It was founded on 7 April 1880 as a limited company dedicated to the design, construction and management of hydraulic and reclamation works that transported water “for civic, agricultural and industrial uses”.

The company was heavily involved in the lavish construction of the port of Bandar Abbas in Iran: following the revolution led by Ruhollah Khomeini, it did not receive the payments it was due.

[3] Since 2016 Condotte has been part of the Grandi Opere General Contracting group controlled by the Ferfina holding company owned by the Bruno Tolomei Frigerio family.

Dozens of key works came under threat, from the HSR station in Florence to Città della Salute in Sesto San Giovanni and the new General Hospital of Caserta.

The aim of the initiative, made even more complicated by the corruption prosecution that led to the house arrest of chairman Duccio Astaldi,[5] was to create a Newco with a substantial order book and leave the debts to a bad company.

[7] On 6 August 2018, three commissioners (Matteo Uggetti, Giovanni Bruno, Alberto Dello Strologo) were appointed, drawn by lots from a list of 14 professionals, with the goal of safeguarding the company's business continuity under the Marzano law.