Fincantieri has set the principle phrases and circumstances for the acquisition of 100% of the shares of Remazel Engineering S.p.A. from Superior Expertise Industrial Group S.A. Remazel is a pacesetter specialised within the design and provide of extremely custom-made and sophisticated topside tools.
The transaction allows Fincantieri to accumulate extremely specialised capabilities within the design and provide of cutting-edge prime aspect tools, whereas rising its position as associate of the main worldwide marine and subsea vitality operators. With Remazel, Fincantieri strengthens its provide of end-to-end options consolidating its after-sale actions, with a specific concentrate on digital companies and logistic help having a excessive operational complexity.
Remazel is a number one Italian firm headquartered in Chiuduno (Bergamo), with operations in Trieste, China and Brazil and greater than 30 years of expertise within the business. With greater than 160 staff primarily based mostly in Italy, the corporate recorded revenues in extra of EUR 100 million in 2022. The corporate is especially targeted on the design and provide of extremely advanced programs for dealing with, lifting and anchoring, in addition to on launch and restoration options for underwater vessels significantly used within the vitality transition areas of the Offshore phase, along with the manufacturing of essential fuel turbine parts.
The acquisition value for the transaction, which is anticipated to be finalized by 12 months finish, shall be calculated on the idea of a EUR 78 million enterprise worth, topic to changes typical for this sort of transaction to be made at closing scheduled to happen by the primary quarter of 2024.
