Mergers, Acquisitions & Exits – Page 34
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AkzoNobel formalises €1.4bn bid for Finland’s Tikkurila
Acquisition must now be approved by Tikkurila shareholders
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New Qatari owners for Antalya commercial port
Port Akdeniz includes a 235-berth marina operated by Setur Marinas
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Delta ‘T’ Systems sold
Delta ‘T’ Systems, the US manufacturer of marine ventilation systems, has joined the Centek Industries family of companies. The move expands the breadth of marine solutions offered by Centek and provides additional opportunities and resources to Delta ‘T’ Systems.
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Bonnier scraps auction of Yachting and Sailing World magazines
Company spokeswoman confirms titles “no longer for sale”
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AkzoNobel, PPG launch rival bids for Finnish paint maker
Tikkurila has paints and coatings operations in 11 countries
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MZ Electronic acquires Italian propeller firm
Italy-based MZ Electronic has announced the takeover of Italian propeller manufacturer Progetto Elica for an undisclosed sum.
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Dutch distributor undergoes management buyout
Dutch firm announces managment buyout with investment backing
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Sensible Yacht Cordage changes hands
Sensible Yacht Cordage, founded in 2017 at Jamestown, Rhode Island, has been purchased by Jonathan Thurston from his neighbour, company founder Jan Trousilek. The latter was injured in a sailing accident and could no longer operate the business, and the new owner was forced to retire from construction work following ...
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IBI investor series continues on Thursday
IBI presents an in-depth look at mergers and takeovers in the boatbuilding business – highlighting the successes and failures – over the past seven decades
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Tankoa Yachts considers takeover of Cantieri di Pisa
Acquisition would allow for an innovative new range of 30m-45m yacht models
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European marine insurance broker acquires rival
Goldman Sachs-backed chartered insurance broker Aston Lark has purchased rival Lloyd’s broker CRS Yachts.
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Consolidation in the electric boat market as Pure Watercraft buys pontoon maker
The US boatbuilder and inventor of a plug-and-play, drop-in electric outboard motor system has acquired ELUX Marine for an undisclosed sum
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Hiscox MGA sells marine business to Nexus Group
Nexus Group completed its acquisition of the Hiscox MGA marine business (HMM) on December 30, 2020. The sale was implemented via an asset purchase into Millstream Underwriting Ltd, a Nexus Group company which specialises in consumer insurance. Hiscox is known as a leading insurer of superyachts.
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Safe Harbor Marinas buys Rybovich
Dallas, Texas-based Safe Harbor Marinas acquires US superyacht service provider
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AkzoNobel boosts North American presence with New Nautical Coatings purchase
In a multimillion investment, global paint and coatings manufacturer AkzoNobel NV said it would significantly increase its market presence in North America and the Caribbean with the acquisition of New Nautical Coatings Inc, the owner of the premium Sea Hawk coatings brand. While no transaction figures were divulged about the ...
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Malibu acquires Maverick for strategic, complementary hull and price point expansion
Malibu Boats has acquired the four brands of the Maverick Boat Group, expanding production capacity and distribution potential in what the parent company is calling a “strategic transaction that complements Pursuit and expands Malibu’s saltwater outboard offerings in boat type and price point.” Maverick, and its founder Scott Deal, are ...
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OneWater buys eight Florida marinas and boat dealerships
The US retail giant has further expanded its presence in Florida with the acquisition of two more yachting businesses, including the company’s largest acquisition to date.
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UK yacht brokerage gets new owner
UK-based yacht dealership and brokerage firm Key Yachting has been taken over by Thinking Space Systems, a technical furniture company owned by Wayne Palmer and Hayley Quinn.
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Teledyne to acquire FLIR Systems
Raymarine parent company, FLIR, enters into $8 billion deal with digital imaging and instrumentation specialists Teledyne. Yesterday’s announcement and follow-up Q&A with analysts hint at the near-term future of FLIR’s portfolio, including Raymarine
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Boats Group $850 million sale update
New owners of the international online brokerage service believe the boating industry has many unmet needs