Fincantieri offers deep transfer of technology to Greek industry

The agreement provides the terms of collaboration for the construction oof 2+1 state-of-the-art technology and top-standard corvettes at Onex Elefsis Shipyards along with the necessary upgrades, improvements, know-how & transfer of technology, equipment, which are estimated at approximately 80 million euros.

Onex Naval and Maritime Elefsis Shipyards, expects the creation of 2,500 direct and indirect new jobs in the shipbuilding industry.

The agreement constitutes a cooperation with multiple benefits for the Greek economy and defense sector, while enhancing the prospect of further cooperation between the two Groups in future construction programs of warships and commercial ships.

“Our building strategy is based on a proven model to increase the effectiveness of the local partner with transfer of technology leveraging on synergies and interconnections between production in Italy and in Greece, with a long term strategy. We also leverage a unique feature of the Italian defense industry, where a network of small-and-medium-sized companies works together with global ones: we want to mirror it in Greece to make Elefsis Shipyards a reference operator,” said Pierroberto Folgiero, CEO of Fincantieri.

The Agreement is an important step in the empowerment of the domestic defense production. The know-how that will be acquired through the ONEX – Fincantieri collaboration will be an important cornerstone for the development of competitive products that will meet the defense requirements of various markets, giving even greater impetus to the rebirth of the Elefsis Shipyards.

In line with the commitment of Fincantieri to team up with the local industrial ecosystem, last October Fincantieri has signed a number of memorandum of understanding (MoU) with a selection of potential new Greek suppliers, setting the basis for defining possible long-term business relationships.