Fincantieri S.p.A. is an Italian shipbuilding company based in Trieste, Italy. Already the largest shipbuilder in Europe, after the acquisition of Vard in 2013 and 50% of STX France in 2018, Fincantieri group doubled in size to become the fourth largest in the world. The company builds both commercial and military vessels. The company is listed on the Borsa Italiana (Milan Stock Exchange) and is a component of FTSE Italia Mid Cap Index. Fincantieri employs a staff of about 10,000 (rising to approximately 20,000 if the supply chain is included) working at eight shipyards, two design centres, one research centre and two production sites for mechanical components.
Fincantieri designs and builds merchant vessels, passenger ships, offshore, and naval vessels, and is also active in the conversion and ship repair sectors. The company also owned Grandi Motori Trieste, which constructed marine diesel engines, but this was sold to WÃ¤rtsilÃ¤ in 1999. Founded in 1959 as SocietÃ Finanziaria Cantieri Navali â€“ Fincantieri S.p.A. as a State financial holding company, part of IRI, the company became a separate entity in 1984. Today Fincantieri is one of Europe’s largest shipbuilding groups and the largest in the Mediterranean.
Fincantieri successfully completed the acquisition of Manitowoc Marine Group from its parent company The Manitowoc Company, Inc. on January 1, 2009, which consisted of two shipyards in Wisconsin, including Marinette Marine, which built the first Freedom-class littoral combat ship. Fincantieri also purchased from Manitowoc Marine Group a topside repair yard in Ohio and one production plant in Wisconsin, making it one of the leading mid-sized shipbuilders in the United States for commercial and government customers, including the U.S. Navy and U.S. Coast Guard. In March 2018, Fincantieri established Fincantieri Services USA – a subsidiary based in Miami, Florida.