Skip to main content

Ferretti Group signs deal with Fincantieri

The partnership was announced during the Idex-Navdex in Abu Dhabi.

Fincantieri and Ferretti Group reached a cooperation agreement with the goal of developing commercial and industrial synergies between the Italian companies.

The partnership was announced during the Idex-Navdex in Abu Dhabi.

The agreement relates to the security and defense sector and to the recreational yachting industry. The companies said they have complementary capabilities and expertise in both areas that can lead to significant synergies.

They said Monday that Fincantieri CEO Giuseppe Bono and Ferretti Group CEO Alberto Galassi signed the agreement a few days ago.

Ferretti and Fincantieri said they share an interconnected market view, especially after the foundation of FSD, Ferretti Group’s division dedicated to security and defense.

“We are very pleased to work together with Ferretti Group because Fincantieri, even though it is continuing — with great effort — its internationalization path, does not forget its Italian roots and is keen to network into a system with all the Italian companies that believe to be able to grow together and contribute to their international expansion,” Bono said in a statement.

“We are glad that this announcement has been given in the context of Idex-Navdex, in a country with which we have historically great relations and a geographical area of particularly significant strategic importance. Moreover, the event is attended by a vast audience of highly specialized international professionals,” Galassi said.

Related

1_TRAVELIFT.COOP

Marine Travelift Launches Co-op Program

The company received its first student, a University of Wisconsin engineering major, in the seven-month paid co-op.

1_JULY4

Trade Only Today Returns Tuesday

The e-newsletter will not publish July 4 in observance of Independence Day. We wish everyone a safe holiday weekend.

1_ORR.FUNDS

ORR Announces Federally Funded Projects

The U.S. Economic Development Administration prioritized outdoor recreation for the first time

Norm#4

Ten Ways To Sell in a Tough Economy

These keys to successful selling can help you create customers who keep coming back, even when sales dip

1_ASA.BOARD

ASA Names New Board Members

The American Sportfishing Association filled two at-large seats and two regional seats on its board of directors.

1_EXEC.SEARCH

Dammrich, Hopkinson Partner With Marine Resources Recruitment

The industry veterans will help clients fill executive-suite, marine industry job openings around the world.

1_PULSE.PING.0630

DEALERS: How Was Business in the First Half of 2022?

With the second quarter coming to a close, was there parity between the budget and financial performance in the first six months? Take the Pulse Report survey here.

1_PMMPODCAST

Passagemaker Relaunches Podcast

Trawler Talk aims to connect with those who are interested in the cruising lifestyle, with episodes dropping every other week