SIMI — Sociedade Internacional de Montagens Industriais, S.A., a Portuguese company incorporated on February 1, 1989, and based in Porto Salvo, Oeiras, is in a situation of insolvency. The proceedings are running at the Sintra Commercial Court — Judge 3, with reference 9386/25.3T8SNT, and the company's equipment located in Sines is part of the insolvent estate, being for sale through private negotiation until 11:59 PM on September 10, 2026. Among the assets advertised are welding machines, electrode ovens and electrical panels, with base values ranging between 100 and 1,100 euros per lot.
The company developed activity over nearly four decades in the installation of industrial machinery and equipment, with interventions at the Sines Refinery. In 2001, it participated in an intervention on the HD and HG units of the refinery, involving pipe fabrication and equipment assembly, and the assembly of a reactor weighing over 400 tonnes. In 2010, it collaborated on the refinery expansion project, associated with Técnicas Reunidas, carrying out engineering, supply, fabrication and assembly of four storage tanks. Historical documentation also identifies SIMI's participation in projects at the LNG Terminal and the ARTLANT project.
The company went through several ownership changes over the years. In December 2015, Atena Equity Partners invested in SIMI as part of a recovery process. In 2022, Atena and the founders sold the majority stake to Grupo ISPT, which presented the acquisition as an operation to integrate the company into a group with expertise in engineering, maintenance, industrial assemblies, instrumentation and construction.
The available public documentation does not allow, at this stage, the determination of the total amount of SIMI's liabilities, the amount of recognized claims, the identification of the main creditors, or the number of workers covered by the insolvency. The article was written by journalist Augusta Serrano.
