Fincantieri acquired a majority stake in Insis.

Fincantieri has acquired a majority stake of Insis, a company headquartered in Follo operating in the sectors of information technology and electronics, as part of the enhancement of its activities in high technological content sectors. Financial terms were not disclosed. Insis is positioned as solution provider in the defense and civil sector and ranks upon its expertise the development of products and services in the field of optronic, telecommunications, information technology and cybersecurity. In this area of activities, the company is acknowledged for the high level of technological content of its products and for having succeeded in preserving a strong customer base in a complex and fragmented market. "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," Giuseppe Bono, Fincantieri CEO.