Industrial transactions
As part of the reorganisation of the Aeronautics division begun in 2010, the merger of Alenia Aermacchi SpA and Alenia SIA SpA into their parent company Alenia Aeronautica SpA took effect as from 1 January 2012. As a result Alenia Aeronautica SpA changed its name to Alenia Aermacchi SpA and transferred its headquarters from Pomigliano d'Arco (Naples) to Venegono Superiore (Varese). In the final months of 2011, the Group instituted a plan to revamp, reorganise and restructure the division in order to make it more competitive by leveraging select high-quality products and technologies.

On 28 March 2011, the Board of Directors of Finmeccanica authorised the merger between Elsag Datamat and SELEX Communications, which was completed as from 1 June 2011. The surviving company, SELEX Communications, changed its name to SELEX Elsag at that time. Equity holdings in Seicos (100%), SELEX Service Management (100%) and SELEX Elsag Cyberlabs (49%) (the first two held by Finmeccanica and the last by Finmeccanica Group Services) were also transferred to the company on that date. Seicos was merged into SELEX Elsag effective 1 February 2012.
The transaction – in line with Finmeccanica's plan, launched in 2010, to optimise its industrial structure in the Defence and Security Electronics division – sought to create a centre of expertise at the Group level in the Information and Communication Technology (ICT) and the Security and Automation sector, constituting a fundamental step in the reorganisation of the Group's corporate structures in that division. The final step – which should be completed by the end of 2012 – will be to create a single, European-wide organisation that will absorb all business activities of SELEX Sistemi Integrati, SELEX Galileo and SELEX Elsag. Doing this will make it possible to have just one consistent policy for all business areas, further rationalising the industrial structure and investments and ensuring a unified approach to domestic and international customers. Against this backdrop, in December 2011, the Board of Directors of Finmeccanica authorised the transfer of Finmeccanica's holdings in SELEX Galileo Ltd, SELEX Galileo SpA, SELEX Elsag SpA and SELEX Sistemi Integrati SpA to its wholly-owned subsidiary SELEX Electronic Systems SpA (formerly Finmeccanica Consulting Srl), effective 1 January 2012.


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