Fincantieri acquires majority stake in Insis

Insis develops products and services in the field of optronic, telecommunications, information technology and cybersecurity. In 2018, the company recorded revenues of EUR51.7m, with strong growth forecasts for 2019.

Giuseppe Bono, CEO of Fincantieri, commented: “This acquisition falls within the development plan for a center of excellence in engineering and technology services. These are key areas for innovation, the real pillar of competitiveness, that will allow us to boost skills for which we already stand out, creating synergies within our company.

“It is also part of the strategy to consolidate the supply chain of small and medium-sized companies which will be coordinated in this center, where every company will preserve its management, thus strengthening the one of our Group.”

Growth strategy

Over the last few years, Fincantieri has undertaken a growth strategy led by diversification and the widening of its product and services portfolio, shifting its focus on higher added-value solutions.

The acquisition allows the company to have direct access to a pool of highly skilled human resources, creating an excellence centre with very high technological content dedicated to defence systems engineering, said Fincantieri.

At the same time, the acquisition further guarantees the development of Insis’ industrial plan, allowing the company to undertake important growth paths and further increasing its turnover.