Fincantieri has agreed on the main terms and conditions for the purchase from Advanced Technology Industrial Group of 100% of the shares of Remazel Engineering, a company with its head office in Chiuduno (Bergamo) and operational offices in Trieste, as well as in China and Brazil, and with over thirty years of experience in the Design and supply of highly customized and highly complex for handling, lifting and anchoring, to launch and retrieve solutions for underwater vehicles, particularly used in the involved in the energy transition of the offshore segment, as well as in the production of critical components for gas turbines. In 2022 Remazel, which has more than 160 employees, reported revenues of more than €100 million.

Fincantieri explained that with this transaction it intends to accelerate the growth of their technological skills, engineering and construction in the offshore and subsea sectors, and The operation allows the group to gain capacity highly specialized in the design and supply of topsides state-of-the-art equipment, increasing its role as a partner of the main international operators in the field of marine and Subsea Energy.

"The operation," the CEO specified of Fincantieri, Pierroberto Folgiero - is the first an important part of the development strategy in the offshore and subsea technology operations, while fostering the consolidation in Italy of one of the sector's excellences national industrial industry'. "The current positioning of Remazel - added Folgiero - also allows Fincantieri to strengthen its position in fast-growing sectors, such as underwater operations and offshore wind, covering the highest value-added activities in the chain of value. Diving, in particular, represents the new geopolitical domain, of great strategic importance both in terms of civil and defence sectors'.

Fincantieri announced that the agreement relating to acquisition, which is expected to be completed by year-end, will provide for a fee based on an enterprise value of €78 million, subject to closing, provided for in the during the first quarter of 2024, to adjustments typical for a operation of this type.