Leonardo plans to purchase 98.54% of Vitrociset, of which Leonardo currently holds a 1.46% stake. Vitrociset, based in Italy, offers specialized services and solutions for systems in the fields of Defense and Security, Space, Transport and Critical Infrastructures in Italy.
Leonardo says the purchase will help strengthen its Services core business, mainly Logistics and Simulation & Training and Space Operations activities, including Space Surveillance and Tracking. It will also allow the national consolidation of the Aerospace, Defence and Security value chain, increasing its competitiveness with significant market opportunities. The most appropriate corporate structures will also be assessed, to enable the possible entrance of other partners, who can contribute to a better positioning of Vitrociset in reference business.
The transaction is subject to a number of closing conditions, including Golden Power and Antitrust approvals.