Fincantieri to acquire Manitowoc

Italian shipbuilder Fincantieri has signed a definitive acquisition agreement to acquire the Manitowoc Marine Group (MMG), from its parent company, The Manitowoc Company, Inc. Lockheed Martin Corporation has agreed to be a minority investor with Fincantieri in the proposed acquisition. The transaction, that is valued at approx. $120 million (subject to certain closing adjustments), is […]