Player · Operator group
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Ferrovie dello Stato Italiane

State-owned · HQ Italy

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Kind
Operator group
Markets
2
Positions held
1

Italy's state railway group; owner of RFI and Trenitalia.

Kind
Operator group
Headquarters
Italy
Ownership
State-owned
Segments
Operations, Maintenance, Consultancy
Present in
European Union, United Kingdom
Also a buyer
Rete Ferroviaria Italiana S.p.A.

Footprint

European Union

KindWhereDetailSources
HeadquartersItalyRome; Trenitalia, RFI, FS Engineering, Italcertifer, FS Logistix and others
  • ● FS Italiane · FS Group — group companies (checked 2026-09-06)
Joint ventureSpainIryo — 45% of Spain's private high-speed operator (with OFL/Air Nostrum 31%, Globalvia 24%); 20 Frecciarossa 1000 trains
  • ● Globalvía · Iryo — 24% acquisition (Trenitalia 45%, OFL/Air Nostrum 31%) (checked 2026-09-06)
PlantItalyTitagarh Firema (Caserta) acquired from Titagarh Rail Systems, finalised 4 March 2026 — to be integrated into FS Fabbrica Italiana Treni since 2026-03-04
  • ○ International Railway Journal · FS to acquire rolling stock manufacturer Titagarh Firema (checked 2026-09-06)
  • ○ RAILMARKET.com · FS Group acquires Titagarh Firema (finalised 4 March 2026) (published 2026-03 · checked 2026-09-06)

United Kingdom

KindWhereDetailSources
Joint ventureEnglandTrenitalia UK — 30% of Avanti West Coast with FirstGroup; c2c returned to public ownership

Ownership and structure

  • owns Hellenic Train — Ferrovie dello Stato Italiane bought 100% of TRAINOSE: contract signed 18 January 2017, completed 14 September 2017 (active · since 2017-09-14)
  • owns RFI — RFI is the FS Group's infrastructure manager (active)
  • owns FS Engineering — 100% — FS Group engineering company (renamed from Italferr, February 2026) (active)

Positions held

Phase
  • in JV with FirstGroup — Avanti West Coast — FirstGroup 70% / Trenitalia 30% (active)
Sources for these relationships (6)
  • ● FS Italiane · Press release — FS Engineering (formerly Italferr) (published 2026-02-05 · checked 2026-09-06)
  • ● FS Italiane · FS Group — group companies (checked 2026-09-06)
  • ● Hellenic Train (ΤΡΑΙΝΟΣΕ Α.Ε.) · Η Hellenic Train — company page: the legal entity is ΤΡΑΙΝΟΣΕ Α.Ε. trading as Hellenic Train, GEMI 001037501000; the contract to sell 100% of TRAINOSE to the Ferrovie dello Stato Italiane group was signed on 18 January 2017 and completed on 14 September 2017; the company runs urban, suburban, regional and long-distance passenger services and freight, with 447 services a day, 14.4 million passengers in 2025 (13.7 million suburban and regional, 700,000 intercity), 577,000 tonnes of freight and more than 1,200 employees (published 2026 · checked 2026-09-13)
  • ● Ρυθμιστική Αρχή Σιδηροδρόμων (RAS) — National Safety Authority · NSA Ετήσια Έκθεση Ασφάλειας 2024 / Annual Safety Report 2024 — the authority's own report: 9 significant accidents in 2024 against 7 in 2023 and a five-year average of 9.4; 6 fatalities in 2024 against 59 in 2023, of which 57 were in the Tempi accident, against a five-year average of 16.8; the licensed railway undertakings are Hellenic Train (formerly TRAINOSE, part of Ferrovie dello Stato Italiane), STASY (a public undertaking within the state holding company (Υπερταμείο)), Rail Cargo Logistics Goldair, GFR (Romanian, operating in Greece since 2022) and PEARL (licensed but not certified and not yet operating); Hellenic Train is also a certified entity in charge of maintenance; GAIAOSE is the public undertaking that owns and manages the existing national rolling-stock fleet under the supervision of the state holding company (Υπερταμείο); the national investigation body is EODASAAM (published 2026-04 · checked 2026-09-13)
  • ● House of Commons Library · When will my local train operator be nationalised? (checked 2026-09-06)
  • ○ Rail magazine · GWR public ownership date announced (13 December 2026) (published 2026-05 · checked 2026-09-06)

Competes with

Other operator group players present in the same markets.

PlayerHQMarketsPositions
DBGermanyEuropean Union, United Kingdom, India, Canada12
KeolisFranceEuropean Union, United States, United Kingdom, Canada8
SNCFFranceEuropean Union, Canada8
TransdevFranceEuropean Union, United States, Canada4
ÖBBAustriaEuropean Union3
RATPFranceEuropean Union2
Go-AheadUnited KingdomUnited Kingdom2
ArrivaUnited KingdomEuropean Union, United Kingdom1

Group companies in the Atlas

1 source · primary
  • ● FS Italiane · FS Group — group companies (checked 2026-09-06)

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