Leading maritime systems and services provider Elcome International has expanded its portfolio by acquiring a controlling stake in Fabio Fiorucci s.r.l., the Italy-based navigation solutions provider. Under the agreement, the Fiorucci family will retain a minority holding and continue to manage the company’s day-to-day operations. This partnership will reinforce Elcome’s presence in the Mediterranean region, adding to its existing operations in Suez, Spain, and Portugal.
“With a strong track record in the cruise, container, and naval sectors, the investment in Fabio Fiorucci gives us access to new market segments and a strong presence in the critical Italian maritime market. There are so many synergies between our companies. Both Elcome and Fabio Fiorucci have longstanding legacies in the industry. Both are family-owned, and both have established reputations for customer service and supplier loyalty.
This investment expands Fabio Fiorucci’s product portfolio to include maritime communication, charts, automation, and safety systems.”
Jimmy Grewal, Elcome Managing Director.
Founded over 50 years ago, Fabio Fiorucci s.r.l., has established a reputation as one of the most valued system suppliers and integrators in the Italian maritime sector. In reflection of their reputation the founder, Fabio Fiorucci, was awarded the Knight of Merit by the Italian Republic’s President and Prime Minister in 2014. The company delivered their first Integrated bridge system (IBS) in 1983 and has since supplied and installed over 125 systems on most Italian-built cruise ships, commercial ships and military vessels.
“We are delighted that Elcome has chosen to invest in our company. This acquisition will foster the growth of the company my father founded more than fifty years ago. It is a fantastic opportunity for our existing clients as it offers a much broader range of products and services, including Starlink. It also supports Elcome’s global cruise and naval ambitions.”
Fabio Fiorucci, Fabrizio Fiorucci, General Manager.
The acquisition is part of Elcome’s larger expansion strategy. Since 2020, the Dubai-headquartered company introduced new offices in Seville, Spain, Algeciras and the Maldives. Last month they established the company’s first facility in North America, a dedicated sales and service centre Vancouver, Canada. These strategic office openings align with Elcome’s commitment to expanding its global reach and providing enhanced maritime systems and services to its clients across the world.
