FINCANTIERI TO SPEED UP GROWTH IN THE OFFSHORE AND SUBSEA SECTORS

December 06, 2023

Fincantieri has set the main terms and conditions for the acquisition of 100% of the shares of Remazel Engineering from Advanced Technology Industrial Group. Finalization of the acquisition will be subject to some conditions set out by the parties being met.
With this transaction, Fincantieri intends to speed up the growth of its technological, engineering and construction expertise in the offshore and subsea sectors. The transaction enables the Group to acquire highly specialized capabilities in the design and supply of cutting-edge top side equipment, while increasing its role as partner of the major international marine and subsea energy operators. With Remazel, Fincantieri strengthens its offer of end-to-end solutions consolidating its after-sale activities, with a particular focus on digital services and logistic support having a high operational complexity.
Remazel is a leading Italian company headquartered in Chiuduno (Bergamo), with operations in Trieste, China and Brazil and more than thirty years of experience in the industry. With more than 160 highly skilled employees mainly based in Italy, the company recorded revenues in excess of EUR 100 million in 2022. The company is particularly focused on the design and supply of highly complex systems for handling, lifting and anchoring, as well as on launch and recovery solutions for underwater vessels particularly used in the energy transition areas of the Offshore segment, in addition to the production of critical gas turbine components.
(Source and Image: Fincantieri – Fincantieri shipyard in Ancona, Italy)