Italian classification society Rina plans to double revenues to €1.25bn ($1.36bn) by focusing on the energy transition.

The move is part of a strategic plan designed to boost organic growth through to 2027.

Chief executive Ugo Salerno said the Genoa-based company plans to hire around 600 new staff by the end of 2023 alone.

About half will be based in Italy to try to promote “significant internal growth”.

Under the scheme, more than 1,800 skilled technicians will be employed by 2027 to help drive digital transformation.

Key roles will be in environmental and computer engineering, project management and economics.

The scheme was unveiled as Rina logged a jump in net profits to €12.5m for the year ending December 2022, up 54% from €8.1m in 2021.

Net revenues rose 21% to €664m.

In the marine sector, Rina reaffirmed the strategic importance of Greece and Asia.

It said the acquisition earlier this year of Patrick Engineering, a Chicago-based consultancy, is part of a development plan in North America.

“The strategic goals we set two years ago are still coming to fruition,” Salerno said.

“Our expansion over the Atlantic will enable us to establish a strong foothold in the USA, as part of our global organic growth strategy that has brought nearly a thousand new colleagues to Rina in the past year.”

The company plans growth plan across all sectors, from engineering consultancy to testing, inspection and certification.

Significant growth is expected in Italy, the US, UK, Middle East and Asia.