Advanced Technology Industrial Group, an organization managed by Alpha Private Equity, has reached an settlement for the sale of 100% of Remazel Engineering to Italian shipbuilding big Fincantieri.
The anticipated completion of the transaction, anticipated within the first quarter of 2024, will end in Remazel changing into a part of Fincantieri.
The integration will mix Remazel’s engineering and technological experience within the offshore vitality sector with Fincantieri’s strategic imaginative and prescient, propelling the Italian shipbuilder’s developments within the realm of vitality transition, in line with the businesses.
Remazel is growing tailor-made programs for dealing with, lifting and anchoring, in addition to launch and restoration options for subsea vessels. Its options are employed not solely within the oil and fuel sector but in addition within the quickly increasing offshore wind market, and different areas of vitality transition.
In 2022, Remazel achieved revenues exceeding $110 million and employed a talented workforce of over 160 professionals.
Edoardo Lanzavecchia, Managing Partner at Alpha Private Equity, stated: “The acquisition by Fincantieri heralds a new era of growth for Remazel, as it aligns itself with a formidable industrial shareholder possessing solid operational and financial capabilities. This alliance is poised to amplify and foster significant industrial and commercial synergies. We eagerly anticipate observing the future development of the company and the progression of its journey alongside the new shareholder.”
Andrea Rosa, CEO of Remazel Engineering, added: “This is good news for Remazel and for the offshore technology market, in particular for the energy transition.”
