Italian aerospace and defense conglomerate Leonardo has taken a significant step into the cybersecurity sector by acquiring a 24.55% stake in Finland's SSH Communications Security Corporation. This strategic investment, valued at approximately €20 million, positions Leonardo as the largest shareholder in SSH, surpassing Accendo Capital, which will retain a 20.87% stake post-transaction. The move underscores Leonardo's commitment to expanding its cybersecurity capabilities in an increasingly digital and interconnected world.

The partnership between Leonardo and SSH is set to leverage SSH's expertise in Secure Shell (SSH) protocol and Privileged Access Management (PAM) solutions, areas critical for securing digital communications and access to sensitive systems. SSH's global reputation and technological advancements, including quantum-safe encryption technologies, align with Leonardo's strategic objectives to enhance its cybersecurity offerings. This collaboration is expected to drive innovation in protecting critical infrastructure and digital assets against evolving cyber threats.

Roberto Cingolani, CEO and General Manager of Leonardo, highlighted the acquisition as a pivotal element of the company's industrial plan, aiming to establish Leonardo as a leader in the Zero Trust revolution in Europe. The deal not only expands Leonardo's international portfolio but also strengthens its position in the cybersecurity market, which is anticipated to experience double-digit growth in the coming years.

The transaction, subject to certain conditions, marks a significant milestone for both companies. For SSH, the investment by Leonardo opens new avenues for growth and collaboration in the defense sector, a market with compelling opportunities. For Leonardo, the stake in SSH represents a strategic move to bolster its cybersecurity business, reflecting the growing importance of cyber defense in modern warfare and security strategies. Together, Leonardo and SSH are poised to address the complex challenges of cybersecurity in an era of digital transformation and geopolitical tensions.

Kalmar, a leading provider of cargo-handling solutions, has successfully completed a significant refurbishment project in collaboration with Africa Global Logistics (AGL) at the Port of Abidjan in Ivory Coast. The project focused on the overhaul of two ship-to-shore (STS) cranes, a critical component of the terminal's operations. This initiative is part of Kalmar's Modernisation Services program, aimed at extending the lifespan and enhancing the performance of port equipment.

The scope of the project included the replacement of key components such as the forestay and pivot point bearings, trolley rails, short rails, and trolley and guide wheels. These upgrades are expected to significantly improve the cranes' efficiency and reliability, ensuring smoother operations at one of West Africa's busiest ports. The project, which was booked in Kalmar's Q4 2024 order intake, was completed in Q1 2025, demonstrating the company's ability to deliver complex projects on schedule.

In addition to the physical refurbishment, Kalmar also provided a comprehensive maintenance training program for the port technicians in Abidjan. This initiative is designed to empower the local team with the knowledge and skills necessary to maintain the cranes in optimal condition, thereby maximizing their operational lifespan. Peter Bos, Project Manager at Kalmar, highlighted the importance of this training, noting its role in sustaining the long-term performance of the equipment.

This project marks another milestone in the ongoing partnership between Kalmar and AGL, which spans several years and includes similar refurbishment projects in other African countries such as Congo and Benin. AGL, a subsidiary of MSC, is a major player in Africa's port logistics sector, operating 17 container terminals across the continent. The successful completion of the Abidjan project underscores the mutual trust and collaboration between the two companies, setting a positive precedent for future endeavors.