Fincantieri: establishes an underwater division comprising 8 companies, with revenue of 1.1 billion and EBITDA of 200 million
Acquisitions to contribute +60 million to the group’s pro forma profit for 2026
(Il Sole 24 Ore Radiocor) - With the four announced acquisitions (Next Geosolutions, WSense, Graal Tech and Defcomm), Fincantieri is establishing an underwater division comprising eight companies, with a presence in Italia, the United Kingdom, the Netherlands, Norway and the United Arab Emirates, 1,500 professionals and pro forma revenues of €1.1 billion for 2026. This is according to the group following the announcement of the M&A transactions aimed at strengthening its position in the underwater segment, which in 2025 recorded revenues of €667 million and accounted for 6.7 per cent of the group’s total revenues.
On a pro forma basis, the segment “will achieve revenues of 1.1 billion euros in 2026, EBITDA of €220 million, achieving the ‘underwater’ growth targets set for 2030 in the 2026–2030 business plan presented in February four years ahead of schedule”. The acquisitions “contribute over an additional €60 million to the group’s pro-forma profit for 2026” and “are highly accretive for the group, with earnings per share rising by 30 per cent by 2028 and by 20 per cent by 2030”.
According to the company’s estimates, diving-related revenue will reach 1.4 billion by 2028, rising to 1.8 billion euros by 2030; the EBITDA margin, on a pro forma basis following acquisitions, will rise to 19.2 per cent in 2026, reaching 21 per cent in 2028 and 23 per cent in 2030. “By 2030, the contribution of acquisitions to the group’s net profit will reach around 130 million euros,” the statement adds.
The acquisitions will enable the group to accelerate its growth trajectory – Fincantieri points out – with revenue generated by high-tech services, and prospects for an increase in EBITDA and net profit of 13 per cent and 40 per cent respectively compared with the 2026 targets set out in the 2026–2030 Business Plan.
