# 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.

- Type: Acquisition
- Announced: 2023-12-01
- Where: Chiuduno (Bergamo), Italy
- Value: $85.0M (78.0M EUR)
- Status: announced
- Products: topside equipment for marine and subsea energy, handling, lifting, anchoring systems, gas turbine components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Fincantieri](https://endata.com/companies/1689.md) (acquirer)
- [Remazel Engineering S.p.A.](https://endata.com/companies/74129.md) (target)
- [Advanced Technology Industrial Group S.A.](https://endata.com/companies/74130.md) (partner)

## Sources

- [oedigital.com](https://www.oedigital.com/news/509849-fincantieri-set-to-acquire-remazel-engineering), 2023-12-01: "The transaction enables Fincantieri to acquire highly specialized capabilities in the design and supply of cutting-edge top side equipment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.