Gio. Ansaldo & C. - After World War II

After World War II

After the end of World War II, conversion to peacetime production again caused problems to the company. In 1948, IRI entrusted the company to Finmeccanica, which operated several reorganisation measures during the 1950s and 1960s, such as the relinquishing of all shipbuilding activities to Italcantieri of Trieste in 1966. From that year, Finmeccanica further englobed Ansaldo within its activities, and in 1980 they formed Italy's largest thermo-electric group. In 1993, Ansaldo ceased to exist as an independent entity, having been completely absorbed by Finmeccanica.

Read more about this topic:  Gio. Ansaldo & C.

Famous quotes containing the words world and/or war:

    So may the outward shows be least themselves—
    The world is still deceived with ornament.
    William Shakespeare (1564–1616)

    But no, he only said,
    “Well, there’s the storm. That says I must go on.
    That wants me as a war might if it came.
    Ask any man.”
    Robert Frost (1874–1963)