Fincantieri buys stake in Isselnord
La Spezia - Italian shipbuilding group Fincantieri said it has signed through one of its subsidiaries an agreement for the acquisition of a stake in Isselnord, an Italian company operating in defense-related sectors and in the main industrial branches in the civil sector, specialized in logistic support engineering
La Spezia - Italian shipbuilding group Fincantieri said it has signed through one of its subsidiaries an agreement for the acquisition of a stake in Isselnord, an Italian company operating in defense-related sectors and in the main industrial branches in the civil sector, specialized in logistic support engineering, maintenance and information technologies.
The agreement was signed through Fincantieri’s company Delfi, created in 2008 in joint venture with Isselnord, charged with the development of logistic support engineering and maintenance activities related to orders in the naval sector. The initial transaction is for a majority stake in the company, with full takeover to be completed within a predetermined time frame, Fincantieri said.
Fincantieri said the acquisition will offer access to a qualified pool of expertise which can be immediately put to use as a solution to the strong workload growth of the naval services sector, related to the renewal of the Italian Navy’s fleet assigned to Fincantieri and to the other recent orders acquired by the group in the naval segment.
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