Leonardo: acquisition of control in GEM Elettronica completed, Leonardo stake up from 30% to 65%

Leonardo announces today the finalization of the acquisition of control in GEM Elettronica for ca € 16 million. Following the closing, Leonardo holds 65% and the control of the company.
This transaction is in line with the objectives of the Industrial Plan aimed at pursuing key bolt on acquisitions in strategic areas. This transaction will enable Leonardo to strengthen full suite of radar and systems for naval and coastal applications thanks to a portfolio complementary of the offering.

Note to editors
With revenues of more than €30M in 2023, GEM focuses on development and production of navigation systems, situational awareness, radar sensors, optronic and inertial sensors used in military naval domain and coastal surveillance.