Italian marine industry manufacturer and contractor De Wave Group strengthened its position in the North European market by acquiring Finnish shipbuilding and refitting operator FCR Finland in April 2022.

Based in Nousiainen, near Turku, FCR Finland is one of the main players in the sector in Northern Europe having operated in the market for over a decade. The Company has a turnover of approximately 28 million euros and about 50 employees with a clientele consisting of cruise ship owners, operators and shipyards. FCR Finland primarily provides shipbuilding and refurbishment turnkey services and solutions, and also more specific services for managing projects, designing interiors, and managing shipbuilding personnel.

With the acquisition of FCR Finland, De Wave Group strengthens its position in Northern Europe and may achieve a total turnover of 300 million euros this year.

Carner Corporate Finance (IMAP Finland) advised the owners of FCR Finland throughout the sale process. This transaction showcases Carner’s strong experience and knowledge of industrial sector and marine industry transactions.