All Mergers, Acquisitions & Exits articles – Page 31
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News
BSI acquires Danish propeller firm
Danish deck hardware and rigging manufacturer BSI A/S has acquired Hundested Propeller A/S, a Danish supplier of controllable pitch propellers and gearboxes, and tunnel and retractable swing thrusters. Terms of the deal were not disclosed.
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NewsGreece extends marina privatisation plans
Greece’s privatisation agency, the Hellenic Republic Asset Development Fund (HRADF), is moving forward on two more marina privatisation projects in Mykonos and Rhodes. The news follows the acceptance, earlier this year, of an improved bid for Chios Marina. Meanwhile, the finalisation of the Alimos Marina privatisation is still awaited.
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NewsBradford Marine sold
Fort Lauderdale Yacht Harbor (FLYH) has acquired the boatyard and marina operations of Bradford Marine Fort Lauderdale and Bradford Marine Bahamas.
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NewsNordkapp Boats sold
Norway’s Frydenbo Marine has acquired an 80% stake in Norwegian boat brand Nordkapp Boats. The purchase price was not disclosed.
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ArticleMakings of a Merger: Xantrex & MCE discover an ideal fit
Buoyed by new ownership and steady category growth, Canadian electrical equipment manufacturer Xantrex seeks to build its global market share with funding and development support from MCE.
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News
True North Powerboats sold
Catalina Yachts in Largo, Florida has acquired Downeast cruiser manufacturer True North Powerboats for an undisclosed sum. The moulds for the True North 34, True North 34 Outboard Express and True North 38 are being moved to the Catalina plant and production will begin this year.
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NewsBolton Marine acquires Daigle
Canadian aluminium boat builder Bolton Marine Group announced this week that it has acquired Daigle Marine, a British Columbia-based manufacturer of welded aluminium yachts and commercial workboats. Terms of the transaction were not disclosed.
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News
Seattle Yachts acquires Cabrillo Yacht Sales
Less than a year after opening an office on the US east coast, Seattle Yachts has purchased Cabrillo Yacht Sales of San Diego, California.
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NewsPolaris acquires Larson Boats
Minnesota-based Polaris Industries announced late Friday that it has acquired the Larson brand of fibreglass sport and fishing boats from Pulaski, Wisconsin yacht manufacturer Marquis-Larson Boat Group.
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NewsFerretti acquires Wally brand
After months of negotiations, Italy’s Ferretti Group today announced that it has acquired the Wally yacht brand through an exclusive license agreement. The news will be officially presented at the start of boot Düsseldorf, which opens this weekend.
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NewsFlexiteek to acquire UK decking and marine fendering supplier
Flexiteek International, the Swedish producer of synthetic teak decking and 2G technology, has acquired UK-based Wilks for an undisclosed sum.
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News
North Technology Group purchases Magic Marine, forms new division
North Technology Group (NTG) has purchased MBrands International BV, owners of the Magic Marine technical sailing apparel brand and Mystic kiteboarding accessories, creating a new division of NTG called North Actionsports Group.
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NewsBerthon expands activities with purchase of VersaDock
Berthon Boat Company in the UK has expanded its activities with the acquisition of Marine IP, which trades under the name of VersaDock, for an undisclosed sum. Berthon used its Lymington Marina Ltd subsidiary to make the purchase.
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NewsNimbus to acquire Brunswick’s joint venture interest in Bella Boats
Brunswick Corp today announced that Sweden-based Nimbus Boats is to acquire its joint venture interest in Finland’s Bella Boats. Terms of the deal are unknown, but the acquisition is expected to close before the end of the year. It will provide Nimbus with ownership of all Bella brands, including Bella, ...
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News
Mission Critical Electronics buys Xantrex
Schneider Electric has sold its Xantrex electrical equipment manufacturing business to Huntington Beach, California-based Mission Critical Electronics (MCE).
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News
Beneteau closes Delphia Yachts acquisition
Groupe Beneteau and Delphia Yachts Kot sp. j. reached financial closing of the acquisition by Groupe Beneteau of its operations designing, building and marketing sailing and motor yachts under the Delphia Yachts and Maxi Yachts brands in Warsaw, Poland on Friday.
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NewsNew ownership for bankrupt Italian yards
Two Italian yacht-builders that have both been in a bankrupt state have recently been acquired by new owners. The two businesses are Cantieri di Pisa and the Privilege superyacht yard located at Civitavecchia, near Rome. The latter also included an uncompleted shell of the 127m (416ft) Project One.
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NewsMondomarine sold
Palumbo Superyachts, the yachting division of Italy’s Palumbo Group, has acquired Italian refit and repair yard Mondomarine for an undisclosed sum.
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News
Alliance Marine acquires 3SI
Alliance Marine Group, owner of Accastillage Diffusion, Plastimo and VDM-REYA of France, has acquired 3SI Group for an undisclosed sum. 3SI Group includes well-known brands such as Ocean Safety, Typhoon, ISP and Revere.
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