Naval Group, Fincantieri Announce NAVIRIS Joint Venture

FFrench shipbuilding major, Naval Group and Italy’s Fincantieri announced the name of the new joint venture company: as NAVIRIS.

The name was presented during the recent Steering Committee held in Genoa (it meets every quarter alternatively in France and Italy) and is a new step in the strong collaboration between Fincantieri and Naval Group.

The incorporation of a 50/50 JV was announced on 14 June 2019.

The Alliance between Fincantieri and Naval Group represents a great opportunity for both groups and their ecosystems to enhance their ability to better serve the French and Italian navies, to capture new export contracts, to develop new technologies and, ultimately, to improve the competitiveness of the naval sectors of both countries The incorporation of the JV, is still expected as planned before the end of the year.

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