Fincantieri completes acquisition of Leonardo’s ‘Underwater Armaments Systems’ Business
05/10/24, 8:33 AM
Location
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aerospace
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Italian shipbuilder Fincantieri announced the acquisition of Leonardo S.p.A's 'Underwater Armaments Systems' business, further strengthening its position as a leader in the underwater and naval defense sector. This strategic acquisition includes control of Italy’s underwater acoustic technologies, reinforcing Fincantieri's growth strategy in the underwater sector, including military, security, and civilian applications. The acquisition, valued at €300 million with potential for additional consideration, is expected to be finalized at the beginning of 2025.
Company Info
Location
Trieste, Friuli-Venezia Giulia, Italy
Company info
Fincantieri is an Italian shipbuilding company, dedicated to providing cutting-edge jobs and investing in technical knowledge for the development of a skilled workforce. The company is part of the Distretto Italia project launched by the ELIS consortium, aiming at offering paid training programs for direct employment at Fincantieri's shipyards across Northern, Central, and Southern Italy.