rss icon Subscribe
desktop mobile

Fincantieri Acquires Comms Equipment Supplier

(File photo: Fincantieri)

Fincantieri said it has acquired a majority share in communications equipment supplier Support Logistic Services (SLS) as the Italian shipbuilding group continues its push to diversify and expand its product and service portfolio.

Rome-based SLS, which produces, installs and maintens radar, satellite and radio communications systems for military and civil applications, will be added under Fincantieri's information technology and electronics subsidiary INSIS, part of the group's newborn Electronics, Systems & Software Division. With 2019 revenues amounting to about 9 million euros, expected to further increase this year, almost half of the company's 35 employees are engineers, systems analysts, design engineers and qualified technicians.

Giuseppe Bono, CEO of Fincantieri, said, "This operation fits into our far-reaching strategy to consolidate and safeguard a supply chain made up of small and medium-sized enterprises. A dedicated corporate division will coordinate the various companies, which will continue to operate independently according to their intrinsic business approaches. This will allow them to retain key resources, expanding the pool of expertise of our group."

In recent years, Fincantieri has undertaken several actions to diversify and expand its product and service portfolio, steering it toward higher added-value solutions.

The latest acquisition, Fincantieri said, will give the group direct access to a pool of highly qualified resources, to set up a high-technology center of excellence, while, at the same time, enabling SLS to further boost its industrial growth and its turnover.

Jul 2, 2020

 QRCode for link to Fincantieri Acquires Comms Equipment Supplier story
 

Technology

Arklow Chooses Satcom Global Aura VSAT

(Photo: Satcom Global)

Ireland headquartered ship owner and charterer Arklow Shipping has contracted communications

Henriksen's New Liferaft Hook Enters Production

(Photo: Henriksen Hooks)

Norway-based Henriksen Hooks said its new Liferaft Release Hook into full production following

Raytheon Anschütz Debuts 'Plug and Play' ECDIS

Raytheon Debuts 'plug and play' ECDIS. Image: Raytheon Ansch├╝tz

Raytheon Anschütz launched a new ECDIS in January 2021, the ECDIS NX Compact, which is a

Marine Equipment

Fairbanks Morse Wins USCG Engine Service Contract

(Photo: Fairbanks Morse)

Engines manufacturer Fairbanks Morse said it has been awarded a six-year indefinite-delivery/indefin

Holland Pump Acquires Complete Dewatering Pumps & Wellpoints

Holland Pump continues expansion with acquisition of Complete Dewatering Pumps & Wellpoints and expands its footprint in the pump rental marketHolland Pump Company

OXE 125-200 2021 Models Granted EPA Approval

(File image: OXE Marine)

The U.S. Environmental Protection Agency (EPA) has granted approval for OXE Marine's OXE125, OXE150

Electronics

Raytheon Anschütz Debuts 'Plug and Play' ECDIS

Raytheon Anschütz launched a new ECDIS in January 2021, the ECDIS NX Compact, which is a preconfigured system of a 24-inch panel-pc and the ECDIS NX software that is designed to

JRC Iberia Supplies Bridge Equipment for Amazonas River Vessel

(Photo: Alphatron Marine)

JRC Iberia delivered a complete bridge concept on board the passenger vessel Amazonas II

Mackay Opens Sales and Service Center in Cape Town

(Photo: Mackay Marine)

Mackay Marine announced Wednesday it has opened its newest marine electronics sales and service