All News articles – Page 7
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NewsQM Industries in joint venture with Multiflex Marine
QMI-Multiflex to supply and manufacture marine steering systems, cables, controls and accessories for the US market
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Polaris announces executive appointments
Minnesota, US-based boat and powersports equipment manufacturer Polaris Inc has announced three executive appointments following the departure of former CEO Scott Wine on December 31.
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EU, China sign tentative trade and investment accord
The deal still needs to be approved by the 27 EU governments and the European Parliament
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Dubai International Boat Show to go ahead in March
The organisers of the Dubai International Boat Show (DIBS) have confirmed that this year’s show will be held from March 9-13, 2021. This follows the postponement of DIBS 2020 from March last year to November, which was then subsequently cancelled.
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Safe Harbor Marinas buys Rybovich
Dallas, Texas-based Safe Harbor Marinas acquires US superyacht service provider
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Lawsuit ends in $25.16m judgement against Tracker Marine
The long-running class action against the US builder was finalised on December 30 for charging buyers a $75 fee for documentation
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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 ...
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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, ...
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Lazzara Yachts Group names new EVP
Florida, US-based boatbuilder Lazzara Yachts Group has appointed Nils C Nelson as its new executive vice president. Nelson will lead the sales, business development, and customer service activities for the group, as well as using his varied industry experience to advance the company’s objectives.
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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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Post-Brexit, EU-Britain free trade deal can be an obstacle race
The EU-UK Trade and Cooperation Agreement inevitably presents hurdles for Europe’s boating and related sectors on both sides of the English Channel – from VAT to border red tape, from travel curbs to rules of origin. Recognition of professional qualifications is at stake. There will be free trade in goods, ...
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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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Boat Fix appoints new CEO
Connecticut, US-based telematics/marine customer service provider Boat Fix has named Penny Searles as its new CEO, with immediate effect.
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US RV shipments expected to jump by near 20% this year
Full-year wholesale sales expected to eclipse 500,000 units in 2021
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Covid-related yacht incidents in Australia and Solomon Islands
Two incidents involving Covid-19 related cases occurred in Australia and the Solomon Islands in December.
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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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Yamaha Marine reorganises and announces management changes
With the objective of strengthening its overall marine business strategy and to increase value, Yamaha has announced that its current engine and boat sections will be progressively dissolved, and the marine business operations will be reorganised according to their specific functions. In order to accelerate marine product development and ...
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Princess Yachts trading update highlights strong 2019-20 performance
The UK builder’s £600m order book extends into 2022 with company poised for further growth
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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
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International Superyacht Summit in Dubai is postponed
The organisers of the annual International Superyacht Summit in Dubai have announced a postponement of this year’s event, which was scheduled to run in March, until later in 2021. In a statement issued today, the organisers, Dubai-based Fabulous Yachts which runs the event under the patronage of P O ...
