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Italy Reshapes National Cloud Company as Leonardo, Poste Target Control

724FinanceGökberk Uçar
Italy Reshapes National Cloud Company as Leonardo, Poste Target Control

In Italy, the process of restructuring the national cloud company, National Strategic Hub (PSN), is underway. Italian defense group Leonardo is preparing to increase its stake in PSN by acquiring an additional 10% from state-owned IT company Sogei. This deal could be announced by the end of the month. PSN is central to Italy's cloud migration program, backed by $2.3 billion from the European Union's post-pandemic Recovery Fund, which aims to move sensitive public sector data and services to secure cloud infrastructure. Leonardo and Poste Italiane are competing to gain control of PSN. Poste Italiane will acquire a 20% stake in PSN from state lender CDP and is targeting 65% of the cloud company, having launched a takeover bid for TIM, currently the cloud hub's largest shareholder with a 45% stake. These developments may also lead to changes in PSN's management structure. Poste Italiane will appoint the CEO, while Leonardo will nominate the chairperson.

Leonardo and Poste Italiane's Goals
Leonardo aims to reach a 35% stake in PSN. Poste Italiane aims to reach a 65% stake, gaining full control. These goals signal a significant transformation in Italy's cloud services market.

Market Impact and Future
These developments will have significant effects on Italy's digital transformation and the cloud services market. The restructuring of PSN will play a critical role in the digitalization of the public sector and the security of its data. Leonardo and Poste Italiane's achievement of their goals could lead to further growth and diversification of the cloud services market in Italy.

Conclusion
The restructuring of Italy's national cloud company, PSN, is a significant step in the country's digital future. The competition between Leonardo and Poste Italiane to gain control will bring new opportunities and challenges to the cloud services market. These developments will play a critical role in the digitalization of the public sector and the security of its data.

Gökberk Uçar

Financial Analyst: Gökberk Uçar

Aviation Logistics and Cargo Expert. Analyst reading global air freight pricing, airline operating margins, and tech product airbridge supplies.

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