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07 August 2020 The on-line newspaper devoted to the world of transports 14:45 GMT+2

July 2, 2020

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Fincantieri has acquired a majority stake in Support Logistic Services

The company specializes in the realization, installation and maintenance of communication systems satellite, radar and radio communication systems

The Italian naval mechanic Fincantieri, through the subsidiary Insis, has acquired a majority stake in the Support Logistic Services (SLS), a company based Guidonia Montecelio (Rome) which specializes in construction, installation and maintenance of security systems satellite communication, radar and radio communication systems, military and civilian applications. Fincantieri has made I note that the closing is subject to the usual conditions this type of operation, as well as the failure to exercise of golden power by the Italian government and obtaining the permissions of the authorities Competent.

Fincantieri explained that the transaction is part of the strengthening the group's activities in the high-tech content and is consistent with the design of development of its Electronics, Systems & Software, recently established, whose main purpose is to enhance and grow its potential innovative, a pillar of its competitive ability Market.

Fincantieri pointed out that SLS is recognized for its quality of the products and solutions it offers, as well as because of the high level of service it can provide, features that allowed it to create and maintain a portfolio in a complex and fragmented market. The company, which reported revenues of approximately nine million euros, which are expected to grow for the current year, employing a total of 35 people, of which about 50% are engineers, systems engineers, designers and specialist technicians.

"The transaction - specified the CEO by Fincantieri, Giuseppe Bono - is part of our strategy broader scope to consolidate and protect a wide-ranging supply chain made up of small and medium-sized enterprises that, under the coordination of our dedicated division, they will be able to maintain operational autonomy and entrepreneurial attitude, thus holding back key resources within them, with a view to strengthening the group's pool of expertise.'

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