Yazılar

Italy’s Leonardo to Acquire European Cybersecurity Firm Amid Sector Expansion

/in /tarafından

Leonardo (LDOF.MI), Italy’s state-controlled aerospace and defense giant, is preparing to announce the acquisition of a European cybersecurity company, according to comments made Tuesday by Chairman Stefano Pontecorvo in an interview with Reuters.

While Pontecorvo did not disclose the identity of the target firm or specify a closing timeline, he emphasized the strategic importance of the deal. “Cybersecurity is an essential component in so-called multi-domain warfare, where everything is connected with everything,” he said. “Connections must be secure so that the enemy cannot use parts of a system.”

The move aligns with Leonardo’s broader strategy to consolidate and grow its cybersecurity operations, which the company sees as a critical pillar in modern defense architecture.

Back in October, CEO Roberto Cingolani confirmed the group was exploring multiple acquisition targets—both in Italy and abroad—adding that no deal would exceed 15% of the division’s annual turnover. He also projected double-digit growth for Leonardo’s cybersecurity segment in the years ahead.

Speaking at the Paris Airshow, Pontecorvo also signaled that the evolving and increasingly complex nature of cyber threats would likely encourage more collaborations across the defense and tech sectors, as the demand for specialized cybersecurity solutions grows.

The upcoming acquisition is expected to strengthen Leonardo’s positioning within European defense networks, as the continent accelerates digital and military integration in response to rising geopolitical tensions.

Japan’s JIC Reaffirms Chip Sector Consolidation Plans Despite JSR Losses

/in /tarafından

Japan Investment Corporation (JIC), the state-backed investment fund, remains committed to its long-term goal of driving consolidation in Japan’s semiconductor materials sector through its portfolio company JSR, despite the firm’s recent financial struggles.

JSR, a leading photoresist manufacturer, ended the fiscal year in March with a 209 billion yen ($1.45 billion) operating loss, primarily due to its underperforming life sciences division. Nevertheless, JIC Capital CEO Shogo Ikeuchi emphasized in a recent interview that the strategic intent behind JIC’s $6 billion buyout of JSR last year remains unchanged.

“Our goal was to take JSR private and… through a series of industry reorganizations, such as mergers with similar companies or rivals… to significantly grow the semiconductor business and enhance international competitiveness,” Ikeuchi said. “That goal hasn’t really changed at all even now.”

JSR has since restructured its leadership and is undergoing a strategic overhaul. While its new CEO recently stated that the company isn’t ready to pursue acquisitions yet, JSR has agreed to sell part of its life sciences unit to Tokuyama Corp in an 82 billion yen deal, a move aimed at focusing on its core chipmaking business.

JIC’s involvement in JSR has faced some criticism in Japan’s traditionally conservative corporate environment, with skeptics questioning the necessity and potential of such state-led intervention. Ikeuchi acknowledged these concerns, stating, “Japan is a country where restructuring is structurally difficult.”

Despite these hurdles, JIC maintains its goal of eventually re-listing JSR, likely within five to seven years, though an earlier IPO is not ruled out.

Industry players are already expressing interest in potential partnerships or acquisitions. Resonac, another major player in chip materials, said in February it would be interested in JSR when JIC eventually exits. Ikeuchi confirmed Resonac as one of the options, though noted its current debt burden as a limiting factor.

JIC, created in 2018 under the oversight of Japan’s trade ministry, aims to strengthen Japan’s industrial competitiveness — with semiconductor self-reliance a national priority amid global supply chain tensions.