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
New Product: SeaQ Remote for Autonomous Ship Ops
contracted with shipbuilder VARD, is designed to unify the SeaQ suite of automation systems into a single user interface with the full range of remote functionality from shore.“We are now investing heavily in autonomous technology and digitalization, supported by synergies in the wider Fincantieri group, in line with market demands for cost-efficient and green operations, capitalizing on our long and proven experience in the shipbuilding industry,” said Vard Electro’s CEO Andrea Qualizza.Accoding to the developers, SeaQ Remote extends smart data-driven functionality to operational
Fincantieri to Build New Norwegian Polar Institute Ship
The ship will be named “Kronprins Haakon”, in honour of the heir to the Norwegian throne and will be built in Italy in the Fincantieri integrated shipyard in Riva Trigoso-Muggiano, before undergoing final outfitting and sea trials in Norway at VARD – a member of the Fincantieri Group. The new vessel, designed by Rolls Royce Marine, is due to be launched in the second half of 2016, and to be fully operative from the beginning of 2017. The project, promoted by the Norwegian government, has a total value of about 175 million euro. With a gross tonnage of 9,000 tonnes
Finacantieri STX OSV Acquisition Completed
subsidiary Fincantieri Oil & Gas S.p.A., completes acquisition, intend to buy more shares. This acquisition marks Fincantieri's entry into a market segment complementary to its current ones. With 21 shipyards in 3 different continents, nearly 20,000 employees and revenues of Euro 4 billion, Fincantieri Group will double its size to become the fifth largest shipbuilder worldwide behind four Korean peers, and the only Western producer capable of competing with the Asian giants thanks to its diversification and presence in all of the high value added segments. STX OSV, listed on the Singapore
February 2025
