Established in 2001, ITP Group took over 100% of the capital stock of FATA Engineering, a subsidiary of the Italian state-owned Finmeccanica holding in 2005, mainly focused on the Russian market. Then, in 2007, ITP acquired Surface Equipment Corporation, a US manufacturer of ASME Code pressure vessels for the Oil and Gas industry, — holding both ASME and Chinese SQL fabrication licenses — and Vignati Fitting a valve manufacturing factory 40 km from Milan.
Continuing to grow in capacity and international respect, in 2010 ITP acquired 100% of, and merged with Benelli Oil & Gas (formerly Benelli Ravenna SpA). Also joining the team, ITP Group Brno D.O.O., registered in the Czech Republic in 2010.