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The Wave acquires FCR Finland

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Pompili: “The acquisition plan is in full swing. This operation strengthens the
international position of our group “

Genoa based De Wave Group, the global outfitting company, lands in Finland with the
acquisition of FCR, laying down a strategic bridgehead both on the Northern European and
Scandinavian shipbuilding and refitting markets.

FCR Finland has been operating for over a decade in this market, in particular in the branch
of public areas and cabins construction on large passenger and cruise ships. With nearly
fifty highly specialized employees and a turnover of 28 million of Euros, FCR will further
strengthen its strategic positioning with its own management, to which De Wave has
reiterated full confidence.

This new acquisition represents a further confirmation of The Wave growth strategy, focused
on leading areas in the field of shipbuilding, thus strengthening relationships with major
cruise operators.

“Our acquisition plan is in full swing and is now meant to a further step forward. Market
requires increasingly global profiles in order to be able to successfully face future
challenges” states Pompili. “This operation strengthens our international position and allows
us to sign a strong alliance with one of the main players in Northern Europe”. De Wave
acquired Tecnavi (a leading company in the production of on board systems) just two weeks
ago.

Thanks to this further development, the Genoa based group, led by CEO Riccardo Pompili,
is speeding up its race toward a total turnover of 300 million euros this year, compared to
210 million in 2021. De Wave is the succesful result of the merge of three historic naval
interiors brands (De Wave, Precetti group and Spencer Contract); the group is now fully
controlled by the American investment fund Platinum Equity.

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