Dubai-based maritime systems and services provider, Elcome International, has acquired a controlling stake in the Italian navigation systems specialist, Fabio Fiorucci as part of a wider strategic plan to expand its portfolio across southern Europe.
Under the terms of the agreement, the Fiorucci family will retain a minority holding and continue to manage the company’s day-to-day operations. This collaboration is expected to enhance Elcome’s presence in the Mediterranean region, complementing...
https://www.themaritimestandard.com/elcome-makes-strategic-acquisition/