Elettronica SpA has acquired 70% of EltHub, a new company created with G&A Engineering Srl following the transfer of the latter’s strategic assets. The new concern aims to enhance its presence in the defense, security and civil sectors. Already strongly oriented towards research and development, EltHub is looking forward to facing new challenges and new markets.
EltHub will have a new corporate structure with Eng. Marco Giordano as General Director, Amaury Choppin as Chairman, and Enzo Benigni and Giorgia Pontetti as members of the Board of Directors.
“For Electronica, a company with 70 years’ experience in the electromagnetic spectrum domain and with a consolidated heritage in the cyber and homeland security fields, EltHub forms part of our Tenet 2030 strategic plan. This will see us engaged over the next ten years meeting the company’s strategic objectives which focus on the further innovation of our products and services, including the integration of the electronic warfare with the cyber and space domains,” said Enzo Benigni, Elettronica’s Chief Executive Officer and President.
“It will also see our expansion towards new regions and the entry of the company into new competitive markets, like medical and critical infrastructures. In this sense, the acquisition also strengthens the sustainability of our corporate value proposition, He added.
G&A Engineering’s contribution to EltHub focuses on expertise and products supporting the electronics, space, defense, automotive, industrial and electromedical sectors, together with specific expertise in applied research in microelectronics for space and military applications. The company also has expertise in fields such as hydroponic greenhouses, 3D food printers, and cyber resilience systems.
EltHub enjoys total production independence possessing a mechanical workshop, a production line for the construction and testing of electronic boards and a certified high performance clean room that meets class 10 (ISO 4) standards. All these features give EltHub unique capabilities helping it become the point of reference within the Elettronica Group for:
- Further increasing the Group’s research and innovation footprint through disruptive technological projects in the defense, security and civil sectors.
- Strengthening technical and engineering skills to identify emerging and distinctive solutions
- Giving the Group an important rapid prototyping capacity for new solutions and newly conceived systems helping reduce the time to market
- Diversifying reference markets
- Bringing a new and important push towards the social sustainability component of Elettronica Group’s value proposition.
The acquisition of EltHub will help Elettronica enrich the solid wealth of skills in the Group’s defense, security and cyber sectors with skills and products relevant to these areas driving innovation and sustainability.
Founded in 1951, Elettronica SpA is among the world leaders in the electronic defense sector. It currently supplies over 3000 systems to the governments of 30 countries on five continents, and is involved in several major European defense programs like the Eurofighter Typhoon combat aircraft.
With representative offices in Europe, the Middle East and Asia, Elettronica combines Italian excellence with an international vision. It has staff welfare and permanent innovation among its pillars. It voluntarily invests around 13 million euros annually in R&D, in addition to the 20 million euros investments in innovation linked to products supplied for specific programs.