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Fincantieri to acquire Remazel Engineering for EUR 78 million · Endata

◂ Announcements

Dec 1, 2023ACQUISITIONChiuduno (Bergamo), Italy

Fincantieri to acquire Remazel Engineering for EUR 78 million

Fincantieri has set terms to acquire 100% of Remazel Engineering S.p.A. from Advanced Technology Industrial Group S.A. for an enterprise value of EUR 78 million. The transaction is expected to close by Q1 2024.

Value

$85.0M (78.0M EUR)

Status

Announced

Productstopside equipment for marine and subsea energyhandling, lifting, anchoring systemsgas turbine components

CompaniesFincantieri acquirer Remazel Engineering S.p.A. target Advanced Technology Industrial Group S.A. partner

Sectors#Industrial Machinery

“The transaction enables Fincantieri to acquire highly specialized capabilities in the design and supply of cutting-edge top side equipment.”oedigital.com

1 source
oedigital.comFincantieri Set to Acquire Remazel EngineeringDec 1, 2023

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

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Feb 16, 2024ACQUISITIONItaly
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Nov 17, 2020CONTRACTItaly$150.0M
ABB wins power and propulsion order for five Fincantieri cruise ships
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