Overview

A history
that looks to the future

FNM Group actively operates in sustainable mobility services, in the management and development of motorway and railway infrastructures as well as in the renewable energy and logistics sectors. The aim uniting all its activities is to contribute to the growth and competitiveness of the metropolitan and regional areas where it operates, improving the quality of life for people, cities and businesses, creating connections that generate value. Economic, social and environmental sustainability, safety and innovation are the principles underlying its activity. The holding company FNM S.p.A. is a joint stock company listed on the Stock Market since 1926.The majority shareholder is the Lombardy Region, which holds 57.57% stake.

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Vision and Mission

Our vision in to be a driving force for the development of metropolitan and regional areas, enhancing the quality of life for people, cities, and businesses in an accessible and inclusive way, creating connections that generate value.


For this reason, our mission is to develop and manage infrastructure and services for a world in motion and the energy transition, according to principles of innovation, safety, and economic, social, and environmental sustainability.

Our history

From the first railway line to a Group active in sustainable mobility, infrastructure and renewable energy.

Discover the milestones that have shaped FNM’s history.

1877

Società Anonima Ferrovie Milano-Saronno and Milano-Erba
The company is established to build and manage railway lines in Lombardy. The railway network develops in north-western Lombardy, connecting Milan with Novara, Varese, Laveno, Como and Brianza as far as Asso, with interventions to expand and acquire existing lines.

1879

Milan-Saronno and Milan-Erba lines
Railway operations begin with the opening of the Milan–Saronno line on March 22. At the time the line opened, the stations in operation were: Milan Nord, Milan Nord Bovisa, Novate Milanese, Bollate, Traversagna, Castellazzo di Bollate, Garbagnate Milanese, Caronno Pertusella, and Saronno. On December 31, the Milan–Erba line is also inaugurated.

1883

Società anonima Ferrovie Nord Milano
The Società Anonima of Ferrovie Nord Milano is established. A few years after the inauguration of the first two lines, the Company wants to expand and not to limit its network to only two routes. For this reason, with a resolution of the shareholders’ meeting called on April 2, the change of the company name is voted.

1926

Entry on the Stock Exchange
From December 14, 1926, the Company is listed on the main market in Milan.

1974

Investment from Lombardy Region
Lombardy Region approves the acquisition of the majority shareholding of Ferrovie Nord Milano S.p.A., purchasing it from MITTEL, a Mediterranean industrial company.

1985

FNME and FNM Autoservizi S.p.A.
Ferrovie Nord Milano Esercizio S.p.A. (FNME) is established and is assigned the business activities related to managing railway and motorway concessions, transferred from Ferrovie Nord Milano S.p.A. In December of the same year, FNM Autoservizi S.p.A. is established and becomes operational in June 1986.

1993

Brescia-Iseo-Edolo Line
Ferrovie Nord Milano Esercizio acquires the management of the Brescia-Iseo-Edolo railway line in Valcamonica and some motorways in the provinces of Brescia and Cremona.

1999

Malpensa Express
In May, the Malpensa Express airport connection is launched, connecting Milan Cadorna station to the Malpensa 2000 airport.

2006

FERROVIENORD is created

With the adoption of a new corporate identity for the companies of the FNM Group, in 2006, the name of the Ferrovie Nord Milano Esercizio company changed to FERROVIENORD. At the same time, Ferrovie Nord Milano Trasporti became LeNORD.

2010

Eletric car sharing service
E-Vai, the first electic car sharing service in Lombardy, starts its activity.

2011

Creation of Trenord S.r.l.

In May, Trenitalia-LeNORD becomes Trenord S.r.l. From the joint venture between Trenitalia S.p.A. and the FNM Group, the first and largest Italian operator specialising in local public railway transport is created in Lombardy, thus completing the combination process between LeNORD, the railway company of FNM Group, and Trenitalia S.p.A.’s Lombardy regional division.

2017

Verona Transport Company

In May, the acquisition of a 50% stake in Azienda Trasporti Verona was completed.

2018

Malpensa Intermodale and Malpensa Distripark

In December, Malpensa Intermodale was established to provide terminal services in the intermodal transport sector. The company manages the Sacconago Intermodal Terminal. The following year, Malpensa Distripark was established to oversee all activities related to the management of freight-handling facilities, logistics organisation and the physical distribution of goods.

2020

FNMPay and H2iseO

FNMPay, the FNM Group’s payment institution offering solutions tailored to the mobility sector, is established. In November, the H2iseO project is unveiled.

2021

Milano Serravalle – Milano Tangenziali

FNM acquires a majority stake in Milano Serravalle – Milano Tangenziali. FNM currently holds 100% of the company’s shares.

2024

Viridis Energia and 2024-2029 Strategic Plan
FNM enters the renewable energy sector with the acquisition of 80% of Viridis Energia. On 18 November 2024, the FNM Board of Directors approves the Group’s Strategic Plan 2024-2029 focused on the development of infrastructure, sustainable mobility services and growth in renewable energy.

The virtual museum, developed by FERROVIENORD, tells the story of what has today become the FNM Group.

Discover the full story on the Virtual Museum

An integrated ecosystem of services and infrastructure

The Group’s companies operate in complementary areas to provide integrated services and drive innovation.

Mobility infrastructure

Management and development of motorway, railway and logistics infrastructure to support mobility.

Energy

Renewable energy production and development of innovative hydrogen-related projects.

Ro.S.Co.

Leasing of rolling stock, primarily supporting regional rail transport in Lombardy.

Mobility & services

Local public bus transport services in Lombardy and Veneto, as well as digital mobility services.
Discover the Group’s corporate structure
Review the latest financial presentations

Featured

News

100 Years of Being Listed: A History Shaping the Future

In 2026, we celebrate an important milestone for FNM: the centenary of its stock market listing, which took place on December 14, 1926.

podcast

Coffee Breaking News

The FNM Group’s in-depth feature series.

The evolution of the logo

Dissemination of regulated information

For the transmission and storage of Regulated Information, the Company utilizes the eMarket SDIR dissemination system and the eMarket STORAGE mechanism—available at www.emarketstorage.com—both of which are managed by Spafid Connect S.p.A., with its registered office at Foro Buonaparte 10, Milan.

Dissemination of regulated information

For the transmission and storage of Regulated Information, the Company utilizes the eMarket SDIR dissemination system and the eMarket STORAGE mechanism—available at www.emarketstorage.com—both of which are managed by Spafid Connect S.p.A., with its registered office at Foro Buonaparte 10, Milan.