All articles by Subscriber-only – Page 239
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News
Boero Group sold to Portuguese coatings specialist
CIN acquires majority stake in the Italian firm
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Sunseeker announces new distribution structure in Asia
Strategic changes brings UK boatbuilder closer to the Asian market
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Grand Banks logs revenue and profit gains
Despite Covid-related challenges, luxury motoryacht builder Grand Banks Yachts closed out the first half of its fiscal year ending 31 December with increases in revenue, profit and new orders.
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Pandemic PWC sales explosion good for top players, but can momentum continue?
BRP and Polaris have battled head-to-head in the market for nearly 50 years
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Trinidad & Tobago yacht industry reaches Covid crossroad
Yacht services industry struggles to stay afloat as borders remain closed to visiting yachts
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McConaghy sells first MC63p flagship power cat
The first unit has been sold to Grant Dalton, manager of New Zealand America’s Cup team
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AkzoNobel quits bidding war for Tikkurila, says PPG bid too high
Dutch firm abandons bid for Finnish paint maker
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Suzuki sees sales growth in US and Asia
High power outboard sales in North America help drive growth
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Johnson Outdoors Q1 operating profit up 245%
US equipment manufacturer marks significant YOY gains in fishing equipment and watercraft sales following “unprecedented” quarter
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Lund Boats adding jobs as US boat demand continues
Pace of production has not let up since the Covid shutdown ended last April
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Spain
De Antonio increases capacity, launches new models
Spanish builder riding surge of boating interest with two new model launches in as many months
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Dutch tourism sector wants concerns ‘higher on political agenda’
HISWA-RECRON says the recreation industry in the Netherlands needs stronger leadership
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Hybrid expedition yacht to feature modular energy stores
The vessel is due for delivery in early 2024
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Dometic continues shift towards aftermarket; stock trading at record high
In 2020, Swedish equipment maker Dometic extended its reach in consumer channels and expanded to new markets focused on the outdoors; a new acquisition kick-starts 2021… with more M&A to come
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Suntex Marinas acquires downtown Miami facility
Prime Marina Miami acquisition brings Suntex marina portfolio to 30 properties in US
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Xylem Q4, full-year results exceed expectations on strong year-end growth
Rule, FlowJet and Jabsco parent reports Q4 and FY revenues of $1.37bn and $4.88bn respectively
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Asia Pacific
Toyota plans development of hydrogen fuel cell systems for marine
Toyota teams up with energy storage specialist to design and certify a marine fuel cell system
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Volvo Penta saw rebound in Q4 sales & larger yacht sector
Volvo Group’s marine engine business reported an 11% drop in net sales for 2020, but saw a recovery in the leisure marine market take hold in Q3 and carry into Q4
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Axopar and boat marketing for the next generation
For the Finnish boatbuilder boating is about experience, and the best way to sell that to consumer, is to live that experience. The company’s co-founder Jan-Erik Viitala tells IBI about why you’ll never see images of beautiful people sipping Champagne in its ad campaigns, and why authenticity is key to ...