Yanmar has reached an agreement on the acquisition of 100% of the shares in Flexofold ApS. Flexofold, located in Denmark, is a leading developer and manufacturer of low-drag folding propellers for sailboats and multihulls. With Flexofold, Yanmar further expands and strengthens its position in the leisure marine market.
Flexofold and Yanmar are both leaders and strong brands in their respective segments in the recreational marine industry,” says Shiori Nagata, president Yanmar Marine International. “Together we will be able to further expand and strengthen our product offerings to sailboat builders, distributors and ultimately sailboat end-users.”
Flexofold was established in 1992 by navigator Jack Skrydstrup, who started developing folding propellers after many years of experience in hydrodynamics.
“We are very proud to join the Yanmar Group,” says Skrydstrup, who will remain with the company as special adviser focusing on R&D and product development. “The strategic fit between Flexofold’s sailboat propellers and Yanmar’s recreational marine products, including their marine engines, is obvious. Moreover, we share the same entrepreneurial spirit and being part of Yanmar is an excellent move for Flexofold to continue and accelerate its ambitions as a global premium sailboat propeller provider.”
Flexofold will continue to operate from Denmark, maintaining its own distinct brand identity.