Fincantieri acquisition of Leonardo's underwater armaments business (WASS)
Fincantieri bought Leonardo's torpedo and underwater systems business.
- Company
- WASS Submarine Systems
- Type
- M&A
- Status
- Completed
- Date
- 14 Jan 2025
- Value
- €287m
- US$ equivalent
- US$324m
- Value basis
- €287m fixed payment; enterprise value up to €415m including a variable payment tied to 2024 results
- Region
- Europe
- Segment
- Naval and underwater systems
Parties
- Fincantieri buyer
- Leonardo seller
Key terms
- Fixed price
- €287m
- Maximum enterprise value
- €415m
Sources
- Fincantieri: completes the acquisition of Leonardo's UAS underwater business fincantieri.com · 14 Jan 2025
Record DEF-INV-2025-0001. Investments are kept apart from the financings register and never counted in debt totals.
