What Happened
Italian Shipbuilder Expands Presence In Subsea Technologies
Fincantieri, the Italian shipbuilder, has agreed to purchase four Italian subsea technologies companies for an initial amount of approximately EUR600 million. The acquisition includes a majority stake in Next Geosolutions, WSense, Graal Tech, and Defcomm, expanding Fincantieri’s presence in marine survey, geoscience, and drone technology. According to CEO Pierroberto Fogiero, the fastest growing opportunities in this sector are in defense and dual-use applications. This move is expected to generate significant revenue and core profit for Fincantieri, with earnings per share projected to increase by about 30% in 2028. The acquisition was reported by Reuters.