Business
Fincantieri Shares Surge on Underwater Deal-Making Spree
Shares of Italian shipbuilder Fincantieri FCT 10.60%increase; up pointing triangle jumped after the group said it had sealed agreements to acquire stakes in four companies to shore up its operations across marine construction support, unmanned underwater and surface drone technologies, and underwater wireless communication systems.
The company said it was taking stakes in Next Geosolutions Europe NXT -3.34%decrease; down pointing triangle, which operates in the offshore renewable energy, offshore oil and gas and subsea cable sectors; WSense, which specializes in underwater monitoring and communication systems; Defcomm, active in the design and construction of unmanned surface vehicles; and Graal Tech, which makes underwater robotic technologies.
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