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Leonardo Boosts Stake in Key Italian Cloud Venture
6 Jul
Summary
- Leonardo prepares to acquire an additional 10% stake.
- National Strategic Hub is vital for Italy's EU-funded cloud migration.
- Poste Italiane targets 65% ownership as part of a larger reshuffle.
Italian defence group Leonardo is reportedly preparing to increase its stake in the National Strategic Hub (PSN), the company overseeing cloud services for Italy's public administration. Leonardo intends to acquire an additional 10% from state-owned IT company Sogei, boosting its total ownership to 35%. This transaction is anticipated to be announced by the end of July 2026.
The National Strategic Hub is a critical component of Italy's extensive cloud migration program, supported by approximately €2 billion from the European Union's post-pandemic Recovery Fund. This initiative aims to transition sensitive public sector data and services to secure cloud infrastructure.
This stake increase is part of a strategic shareholder reshuffle designed to place PSN under the control of two entities with clear industrial objectives. Poste Italiane is also acquiring a 20% stake from CDP, with the long-term goal of reaching 65% ownership. This restructuring aims to consolidate control and potentially lead to the exit of financial investors.
Discussions are also ongoing regarding the future governance of PSN. Under the proposed scenario, Poste Italiane would appoint the chief executive, while Leonardo would nominate the chairperson, signaling a new leadership structure for the vital cloud venture.
