Fincantieri Acquires Leonardo's Underwater Armaments & Systems Business
Strategic move aims to strengthen Fincantieri's position in naval defence and underwater technology sectors
Fincantieri has finalized the acquisition of Leonardo S.p.A.'s Underwater Armaments & Systems (UAS) business, securing full control of the newly established WASS Submarine Systems S.r.l. (WASS).
This move is valued at up to €415 million. As part of the deal, Fincantieri paid €287 million, which covers the fixed price component of the acquisition. A variable component, tied to the performance of the UAS business line in 2024, will be determined once the fiscal year results are approved. The acquisition brings together Fincantieri’s expertise with WASS's advanced underwater acoustic and weapons systems.
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Fincantieri Acquires Leonardo's Underwater Armaments & Systems Business
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