Advanced Technology Industrial Group S.A. has sold 100% of Remazel Engineering S.p.A. to Fincantieri S.p.A., marking a strategic acquisition aimed at enhancing capabilities in the offshore energy sector.
Target Information
Remazel Engineering S.p.A., located in Chiuduno, Bergamo, Italy, is a leading engineering firm specializing in the design and supply of equipment for deep-water offshore applications in the oil and gas sector as well as the offshore wind industry. With over 30 years of experience, Remazel has garnered a reputation for its innovative technology, particularly in developing tailored systems for handling, lifting, anchoring, and underwater vessel launch and recovery solutions.
In 2022, Remazel generated revenues surpassing €100 million and employed over 160 skilled professionals. The company is recognized not only as a technological leader in traditional sectors but also in emergent fields associated with energy transition, marking its pivotal contribution to both offshore wind and deep-sea research initiatives.
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Industry Overview in Italy
The engineering and shipbuilding sectors in Italy have witnessed considerable evolution, particularly in offshore technologies tailored for both the oil & gas and renewable energy markets. As global energy demands shift to
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Disclosed details
Revenue: $106M