All articles by Subscriber-only – Page 214
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US marina owner undergoes major recapitalisation
Action led by Fireside Investments supported by other investors and management
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Cummins reports strong Q2 results
Near 60% sales growth and triple-digit gains in operating income, net income driven by surging North American markets
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Accastillage Diffusion buys German B2C chandler
The acquisition gives the Accastillage Diffusion group a significant foothold in the German market
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Japanese engine manufacturers sign joint venture agreement
Kawasaki, Yanmar and Japan Engine Corp have formed HyEng Corp to develop hydrogen-fuelled marine engine
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Lippert acquires marine equipment manufacturer
LCI to leverage existing OEM and aftermarket relationships to expand Furrion’s product distribution in the marine, RV and international business segments
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MIA Australia teams up with marine insurance specialist
New agreement with Nautilus Marine to support marinas and boatyards with risk issues
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Xylem reports “exceptional growth” in 2021 Q2 results
Quarterly revenue of US$1.35bn represents 16% YOY growth for Rule, Jabsco parent
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Organisational changes at Nautor’s Swan
Enrico Chieffi becomes senior advisor to the Finnish firm
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Myers Industries announces second acquisition in nine months
Purchase of Trilogy Plastics business strengthens rotational molding platform for US fuel tank manufacturer
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Intellian opens new state-of-the-art European HQ
The €6.5m state-of-the-art facility was custom-built for the company
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Cox Powertrain takes action to overcome supply chain delays
The 300hp diesel outboard manufacturer brings PTT production in-house
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2021 Genoa show sells out, new waterfront development to give exhibitors more space
This year’s event takes place from September 16-21
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Azimut goes all out at Cannes Yachting Festival with 18 boats
Display will include four world premieres
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Auction for bankrupt Perini Navi assets fails to attract bids
Second auction likely in autumn with possible 25% discount
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Azimut Yachts sees significant growth in US
Italian builder claims market leader spot in US with 25 units delivered in Q2
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LA start-up plans 475hp electric outboard by year end
Using a Tesla business model, a number of former SpaceX employees have eyes on the boat market
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KVH Q2 revenues up 17%
Gains in both service and product sales drive revenue growth to offset higher operational expenses
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Boat show organiser Informa sees continued recovery in first half of 2021
2021 revenue forecast raised £100m to £1.8bn; Physical event return growing and subscriptions-led businesses perform well