Fincantieri has formalized its investment in WSense, a deep tech scale-up specialized in underwater monitoring and communication.The transaction involves the subscription of a convertible loan for an initial amount of $2.84 million,
Fincantieri has formalized its investment in WSense, a deep tech scale-up specialized in underwater monitoring and communication.
The transaction involves the subscription of a convertible loan for an initial amount of $2.84 million, with the option to increase the investment by a further $2.84 million.
The timescales for the conversion into equity will be contingent upon the occurrence of specific conditions typical of similar transactions.
The completion of the investment in WSense is subject to the fulfillment of certain conditions agreed upon by the parties, in addition to obtaining the authorizations required for this type of transaction.
The collaboration between the two companies, which was launched by the signing of a memorandum of understanding (MoU) in December 2023, has already produced tangible results, including the awarding of three tenders issued by the Italian National Center for the Underwater Domain.
These projects involve the development and implementation of advanced solutions for underwater communication, harnessing the expertise of the two companies.
In addition, Fincantieri and WSense are actively involved in the participation in additional Italian and European tenders aimed at innovation in the underwater sector, as well as in joint commercial proposals.
The investment in WSense, a cutting-edge Italian center of excellence in
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