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FINCANTIERI ACQUIRES MARINE ELECTRONICS COMPANY

Friday, July 3, 2020 

Fincantieri, though its INSIS subsidiary, has acquired a majority share in Support Logistic Services (SLS), a company based in Guidonia Montecelio (Roma), specialising in production, installation and maintenance of radar, satellite and radio communications systems for military and civil applications.

The acquisition is part of the Fincantieri Group’s strategy to strengthen competence in high-technology activities, and consistent with the planned expansion of its Electronics, Systems and Software Division to foster and improve innovation.

Fincantieri believes SLS to be known for its quality and high level of service, through which its has been able to create and maintain a sound client portfolio in a complex and fragmented market. With 2019 revenues amounting to about €9m, expected to further increase this year, almost half of the company’s 35 employees are engineers, systems analysts, design engineers and qualified technicians.

Fincantieri has undertaken several actions to diversify and expand its product and service portfolio, steering it towards higher added-value solutions. This operation will allow the company to gain direct access to a pool of highly qualified resources, to set up a high-technology centre of excellence, while, at the same time, enabling SLS to further boost its industrial growth and its turnover.

Giuseppe Bono, CEO Fincantieri, said: “This operation fits into our far-reaching strategy to consolidate and safeguard a supply chain made up of small and medium-sized enterprises. A dedicated corporate division will coordinate the various companies, which will continue to operate independently according to their intrinsic business approaches. This will allow them to retain key resources, expanding the pool of expertise of our Group”.

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