Shipping and yachting: Fincantieri and Ferretti announce a cooperation agreement
Monday, February 20, 2017 2:31 PM
Fincantieri and Ferretti Group announced that they have reached a cooperation agreement with the goal of developing commercial and industrial synergies between the two Italian companies, world leaders in their respective markets.
The partnership was announced during the IDEX-NAVDEX in Abu Dhabi, one of the most important global exhibitions dedicated to the defence and security sector.
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 agreement has been signed a few days ago by the CEO of Fincantieri, Giuseppe Bono and the CEO of Ferretti Group, Alberto Galassi.
Fincantieri, the world’s largest shipbuilding group and number one by innovation and diversification, and Ferretti Group, one of the most globally recognized yachting companies, 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 – 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 . In fact, we strongly believe that this agreement – and its future activities - will have significant effects on Italy’s economy demonstrating, once again, that the entire “country system” must be the driver for Italy’s future growth”, commented Giuseppe Bono, CEO of Fincantieri.
"Ferretti is a rapidly evolving and growing Group: the collaboration agreement with a global leader such as Fincantieri represents a recognition and confirmation of our strategy both in the recreational yachting industry and in the security and defence sector where Ferretti Group entered with its new division, FSD.
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. Three factors that have become the priority of our strategies and associate us with the vision of Fincantieri’s leadership.
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", highlighted Ferretti Group’s CEO, Alberto Galassi.