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Leonardo acquires 30% stake in GEM elettronica · Endata

◂ Announcements

Apr 21, 2021ACQUISITIONItaly

Leonardo acquires 30% stake in GEM elettronica

Leonardo announced on 21 April 2021 that it has taken a 30% stake in Italian company GEM elettronica for an undisclosed price. The agreement includes an option to acquire full control in 2024 and a commercial and industrial agreement for joint R&D into naval technology.

Status

Completed

Products3D radarsEO sensorsinertial systems

CompaniesLeonardo acquirer GEM elettronica target

Sectors#Semiconductors and Industrial Electronics

“Leonardo will be able to expand and diversify its offer and improve the engineering, production and marketing of products in different bands to those in Leonardo’s existing portfolio.”shephardmedia.com

1 source
shephardmedia.comLeonardo acquires stake in GEM | ShephardShephard News TeamApr 22, 2021

Summarized from public sources; check the original articles before acting on it.

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