Fincantieri and Ferretti announce a cooperation agreement

24 Feb 2017

Ferretti 15m patrol boat FSD150

Ferretti 15m patrol boat FSD150

Two major Italian maritime boatbuilders have announced that they have reached a cooperation agreement with the goal of developing commercial and industrial synergies between the two companies.

Fincantieri and Ferretti are both leaders in their
respective markets and it is anticipated that the cooperation will lead to the
sharing of expertise and marketing.

The agreement relates to the security and defence sector and
to the recreational yachting industry. In both areas, the two companies have
complementary capabilities and expertise that can lead to significant synergies.
The Ferretti Group is a relative newcomer to the security and defence sector
where they are now offering a range of patrol boat designs that are based on
the hulls developed for the leisure sector. These patrol boat designs are
marketed under the FSD (Ferretti Security and Defence) name and are based on
the hulls from the Pershing range that has been developing high speed designs
for the past 30 years. The current patrol boat range on offer extends from 15
to 35 metres.

The agreement has been signed by the CEO of Fincantieri,
Giuseppe Bono and the CEO of the Ferretti Group, Alberto Galassi. Fincantieri
is the world’s largest shipbuilding group and they claim to be the number one
by innovation and diversification whilst the Ferretti Group is one of the most
globally recognized yachting companies. They share a particularly
interconnected market view, especially after the foundation of FSD, Ferretti
Group’s division dedicated to security and defence. This is one of the factors
that allowed the creation of the partnership between the two groups,
strengthening its success.

The top management of the two companies are committed to put
the cooperation into work on specific themes and business opportunities as soon
as possible. These projects will cover civil and military sectors at both national
and international level.

“We are very pleased to work together with Ferretti Group
because Fincantieri even though it is continuing 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. In fact, we strongly believe that this
agreement will have a significant effect on Italy’s economy demonstrating, once
again, that the entire “country system” must be the driver for Italy’s future
growth”, commented Giuseppe Bono.                     

"We are certain that we will be able to develop
important synergies that will bring benefits not only to both organizations,
but especially to the customers, which are particularly keen on product
innovation, reliability of supply and ever more demanding to receive
outstanding service level. These factors have become the priority of our
strategies and associate us with the vision of Fincantieri’s leadership.”
commented Alberto Galassi.

By Dag Pike

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