The latest news from around the world on mergers, acquisitions and exits across all sectors of the boating industry.
Mergers, Acquisitions & Exits
ExploMar opens first international electric boat experience centre in Bangkok
Chinese electric outboard manufacturer launches Thailand facility through dealer Thai Maritec, offering on-water trials and technical demonstrations
MasterCraft names new GM for Crest and Balise pontoon brands
Chip Gerlach takes on general manager role; Mike O’Connell transitions to senior VP of operational excellence
Teignbridge Propellers announces senior leadership transition
UK propulsion specialist appoints Mark Phare as group managing director in planned succession move
Marine Components International secures EMEA distribution deal for Seascour
Agreement brings environmentally certified marine descaler to markets across Europe, the Middle East and Africa
Nimbus Group receives first order for military workboats
The Swedish Armed Forces has ordered 60 MSMB 200 workboats valued at SEK 260m, with deliveries from January 2027
Brunswick veteran receives 2026 Lifetime Achievement Award
Dave Marlow honoured for 40-year career championing boating safety, regulatory alignment, and technical standards in the recreational marine sector
Norwegian hydrogen boat startup declares bankruptcy
Hyrex AS has collapsed after facing severe liquidity problems that left it unable to meet its financial obligations, according to court documents
Prestige names exclusive Australian dealer ahead of Sanctuary Cove debut
The move strengthens the French brand’s presence in the Asia-Pacific region
MSYF 2026 launches new think tank initiative to drive Mediterranean growth
The Mediterranean Superyacht Forum’s new approach generates multiple ideas, including the formation of a marine cluster spanning the entire Med region
Ocean Signal receives 2026 King’s Award for Enterprise
UK manufacturer recognised for breakthrough personal locator beacon combining global and local rescue technologies
Princess Yachts advances X90 towards Cannes debut
UK builder moves closer to the launch of its new X90 superyacht, with the first hull entering sea trials and strong early sales signalling market confidence
Metstrade urges industry-wide action for cleaner waterways and seas
The global leisure marine community is encouraged to take part in sustainability initiatives during this year’s World Boating Day campaign
Contender Boats founder wins Eddie Smith Manufacturer of the Year Award
Ferretti Group faces pivotal week as shareholders battle for board control
Bayesian probe points to crew error in sinking, not weather
Wider secures phased investment from OceanWorld Group
Highfield Boats Australia names exclusive NSW dealer
NZ Marine appoints new executive director
IBI Reader Survey 2026: Take part now to help shape the future of IBI
Lippert Q1 revenues grow 4%
Cummins posts revenue and profit gains in strong first quarter
South African upholstery supplier reports growth via digital scanning
Orca AI, Samsung sign MoU to develop autonomous platform
Extra Yachts appoints new Turkish dealer
Patrick, Lippert merger talks end without agreement
Ferretti Group power struggle intensifies ahead of May 14 shareholders' vote
Beneteau reports strong Q1 growth amid Middle East conflict concerns
West Marine headed for Chapter 11?
Oyster Yachts outlines strategic direction at London Private View
Highfield adds dealers in US, Panama and Brazil
Coursemaster Autopilots closes after more than 50 years
Patrick Q1 net income up 3%
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