Fincantieri Invests in Deep Tech Scale-Up for Naval and Submarine Sector
Fincantieri has formalized its investment in WSense, a deep tech scale-up specialized in underwater monitoring and communication.The transaction involves the subscription of a convertible loan for an initial amount of $2.84 million, with the option to increase the investment by a further $2.84 million.The timescales for the conversion into equity will be contingent upon the occurrence of specific conditions typical of similar transactions.The completion of the investment in WSense is subject to the fulfillment of certain conditions agreed upon by the parties, in addition to obtaining the authorizations
Fincantieri, Edge ink deal to Develop Underwater Solutions
Fincantieri and Edge sign a MoU to develop underwater solutions through the MAESTRAL joint venture. The MAESTRAL JV will be in charge of the design, development and construction of underwater systemsThe official signing took place in Rome, as part of the state visit to Italy by the President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan.Fincantieri, one of the world's leading groups in highly complex shipbuilding, and EDGE, one of the world's leading advanced technology and defense groups, today announced the signing of a new Memorandum of Understanding (MoU)
EDGE and Fincantieri Deepen Partnership for Underwater Protection Solutions
EDGE and Fincantieri have signed a new memorandum of understanding (MoU), deepening their cooperation through joint venture Maestral, which will be focused on the design, development and creation of unmanned systems for critical underwater infrastructure protection and seabed mapping, next-generation submarines, drone-carrier ships, and lightweight torpedoes.The MoU is based on both companies collaborating to develop underwater technologies, supporting the United Arab Emirates (UAE) in becoming a regional pioneer in underwater technology innovation.The agreement comes amidst a rapidly evolving landscape
Fincantieri Acquires Leonardo's Armaments Business
Fincantieri has finalized the acquisition of Leonardo S.p.A.'s Underwater Armaments & Systems business line through the purchase of the entire share capital of the newly established company WASS Submarine Systems.The transaction reinforces Fincantieri Group's strategy focused on growth in the naval defence business and the development of the underwater domain.With this acquisition Fincantieri integrates unique expertise in underwater acoustic technologies and advanced weapons systems that open new prospects for growth in the military and civilian sectors, with a focus on critical infrastruct
Fincantieri, Sparkle Join Forces for Subsea Cables Protection
Italian shipbuilder Fincantieri and services provider Sparkle have signed a memorandum of understanding (MoU) to collaborate on the development of technological solutions for the surveillance and protection of subsea telecommunications cables.Through shared and specialized work teams, Fincantieri and Sparkle will analyze the requirements for improving the security of subsea telecommunications infrastructures, identifying innovative technologies and solutions to ensure their operational resilience.Fincantieri, with its expertise in the underwater domain, is developing advanced solutions for surveillance
EDGE and Fincantieri Join Forces to Develop Advanced Subsea Defense Systems
EDGE and Fincantieri have signed a memorandum of understanding (MoU) to collaborate on the design, development, and creation of advanced manned and unmanned underwater systems solution capability through their recently launched UAE-based shipbuilding joint venture MAESTRAL.The preliminary agreement will pave the way and boost for developing sophisticated solutions tailored to the unique underwater needs of navies worldwide.The collaboration marks EDGE’s first venture into underwater domain, enabling both organizations to share expertise and leverage extensive technical and production resources
Saipem and Fincantieri Form Subsea Alliance
Saipem and Fincantieri have signed a memorandum of understanding (MoU) to evaluate commercial and industrial opportunities for cooperation in the field of autonomous subsea vehicles (AUV) and their integration with surface and underwater units.The MoU is among the initiatives aimed at promoting and developing Italy’s national excellence in the underwater sector.The agreement aims to enable the two companies to participate in major programs in the Italian and international markets in the area of surveillance and control of critical underwater infrastructure and rescue activities, through the use
Fincantieri and EDGE to Launch JV for Naval Vessels Construction
EDGE Group, a United Arab Emirates-based advanced technology and defense group, and Fincantieri, one of the largest shipbuilders in the world, have entered into a term sheet aimed at creating a joint venture (JV) that will focus on the manufacturing of a broad range of sophisticated naval vessels.EDGE will hold a 51% stake in the venture, which has a commercial pipeline valued at approximately $32.4 billion (€30 billion), with management direction provided by Fincantieri.The Abu Dhabi-based JV will be awarded prime rights to non-NATO orders, especially leveraging on the attractiveness of UAE G2G
Fincantieri Cuts Steel for Italian Navy's New Oceanographic Ship
Italian shipbuilding group Fincantieri held a steel cutting ceremony to mark the start of construction on a new Hydro-Oceanographic Ship (N.I.O.M.) for the Italian Navy.Scheduled for delivery from the integrated shipyard in Riva Trigoso-Muggiano in 2026, the new vessel is intended for mapping and scientific monitoring activities, as well as in support of the initiatives of the Hydrographic Institute, took place today at the Riva Trigoso shipyard.The ship will feature technologies to contain emissions, a diesel-electric propulsion system to optimize fuel consumption and hull shapes to reduce drag.
February 2025
