Independent journal on economy and transport policy
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Genoa Shipbuilding Industries cede Tecships to the De Wave
The company designs, realizes and installs conditioning systems in the naval sphere
March 21, 2022
The Genovese De Wave, which specialises in the design, realisation and installation of integrated systems of naval furnishings, cabins, public areas and kitchens in particular on cruise ships, has bought the contown Tecnavi, a company in the group. Genoa Industrie Shipbuilding (GIN) operating in the area of design, realization and installation mainly on cruise ships and offshore platforms of conditioning, ventilation, refrigeration as well as in the furnishings of areas techniques of the ship. De Wave said the deal was formalized in detail in the hours and will immediately become operational ahead of further acquisitions in the specific plant of the plant by De Wave itself.
Fruit of the aggregation of three historic shipbuilding brands (De Wave, Precinct Group and Spencer Contract), in October 2019 ownership of the De Wave Group passed from Luxembourg-based Xenon Private Equity to the American investment fund Platinum Equity that makes it head to California financier Tom Gores. The Genovese group, led by CEO Riccardo Pompili, is expected to challenge a total revenue of 300 million euros this year in the face of a 2021 turnover of around 210 million euros.
The Genoa Industrie Shipbuilding Group was born in 2008 since the merger of two Genoa industries of shipbuilding and ship repair, namely the Cantieri Mariotti and the San Giorgio del Porto.
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