Fincantieri Acquires Subsea Telecommunications Specialist Xtera

Fincantieri announced the completion of the acquisition of Xtera Topco Limited, a UK- and US-based company in subsea telecommunications systems, through the joint venture between Prysmian (80%) and Fincantieri (20%).

The transaction, announced in December 2025, marks a further step in the Group’s strategic development in the underwater sector and subsea infrastructure. Against a backdrop of growing demand for global connectivity, the expansion of data centers, and the accelerating pace of digitalization and artificial intelligence, subsea telecommunications networks are playing an increasingly vital role in ensuring the resilience of critical infrastructure and the continuity of digital flows.

The addition of Xtera further reinforces the industrial partnership between Fincantieri and Prysmian, combining Xtera’s expertise in optical engineering, Prysmian’s leadership in the manufacturing and installation of submarine cable systems and Fincantieri’s experience in systems integration and the development of advanced technological solutions for the underwater domain.

The transaction also contributes to expanding the range of services developed through the Fincantieri-Prysmian partnership, particularly in the development, monitoring and protection of subsea infrastructure. Through its expertise in systems integration and high-value technological solutions, Fincantieri will contribute to the development of advanced capabilities aimed at enhancing the resilience and security of the underwater domain.