Italian defence firm Leonardo targets cybersecurity deals

CEO Roberto Cingolani has confirmed Leonardo’s double-digit growth ambitions in cyber security, with the company pursuing acquisitions and aiming to become a key European player.

Leonardo, Italy, Roberto Cingolani, CEO, Cybersecurity

Leonardo, the defence company from Italy, is actively pursuing acquisitions in the cybersecurity sector, targeting a dozen companies both domestically and abroad. CEO Roberto Cingolani mentioned that some deals could be finalised by the end of the year. The company has been working on these acquisition processes for the past several months.

No acquisition will exceed 15% of the cyber division’s turnover, following guidelines set in Leonardo’s strategic plan. The company is prioritising cyber security as a key growth area, expecting strong double-digit expansion in this field in the coming years.

Leonardo aims to establish itself as a significant player in Europe’s cyber security market. Cingolani highlighted that the sector is at the heart of the group’s strategic development, especially as digitalisation continues to offer new opportunities.

The company’s 2024-2028 industrial plan outlines its commitment to strengthening its core businesses while also focusing on cybersecurity. Over the next five years, Leonardo forecasts a 16% rise in orders and a 13% growth in revenue in this area.