An initial €600 million investment will give Fincantieri majority stakes in four underwater technology companies, including listed Next Geosolutions Europe, expanding the Italian shipbuilder’s subsea footprint.
More than €1.1 billion in annual running-rate revenue is expected at Fincantieri’s subsea unit after the deals, nearly doubling the business as Europe’s military buildout drives demand.
Fincantieri shares posted their biggest jump since October after the company said the acquisitions should also boost profit.
The move deepens the state-backed group’s push into underwater systems, a faster-growing segment tied to defense and offshore infrastructure.