More M&A News – Page 43
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NewsMarquis to spin off Larson boat line
Marquis Yachts in the US has announced the sale of its Larson boat line and the lay-off of 30 administrative and production workers.
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Dometic Group acquires outdoor aftermarket specialist
The Swedish equipment provider is looking to leverage and expand Kampa’s aftermarket offering across Europe
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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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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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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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NewsSmoker Craft sells furniture manufacturing business to Lippert Components
US boatbuilder Smoker Craft Inc announced Friday that the company has sold its in-house marine furniture manufacturing operation to Elkhart, Indiana-based Lippert Components Inc (LCI).
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Donovan Marine acquires Morgan Recreational Products
Donovan Marine, the Louisiana-based international distributor of marine components and transportation equipment, has acquired Morgan Recreational Products in a deal with undisclosed terms.
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NewsDutch motorboat builder finds new owner
Beleaguered Dutch shipyard Jetten Jachtbouw today announced that it is ‘business as usual’, thanks to financial support from global investment firm Oxbridge SE. According to a company statement, Oxbridge has acquired a significant controlling share in Jetten Bommelaer BV, trading under Jetten Jachtbouw, as well as all the tooling, branding ...
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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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NewsCanadian boatbuilder Campion Marine sold
Canada’s largest fibreglass boatbuilder sold to Edmonton-based private equity firm
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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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Croatian marina operator eyes Slovenian acquisition
Croatian marina operator ACI Marinas d.d. is reportedly considering to purchase the Portorož marina in Slovenia as part of its foreign acquisition plans.
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Buyer for Bavaria in sight
A new owner for Bavaria Yachtbau looks to be in sight, with reports that a bidder’s binding offer is on the shipyard’s desk with specifics of the sale already having been negotiated.
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MB92 acquires Blohm+Voss La Ciotat
Marina Barcelona 92 will merge its activities in La Ciotat with Compositeworks SAS
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Brunswick acquires Power Products’ Global Marine & Mobile business
The acquisition is expected to enhance Mercury Marine’s Parts & Accessories organisation
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New potential bidder for Inmarsat
Following the recent first attempt by US company EchoStar to bid for the UK satellite business Inmarsat, another company has now revealed it is looking at possibly bidding. The new potential bidder is French company Eutelsat.
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Inmarsat says no to takeover bid
London, UK-listed maritime satellite services group Inmarsat is having a busy time including rejecting a takeover bid, launching new services to bolster its yacht products range, and signing a new agreement in Monaco.
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MB92 acquires majority stake in Compositeworks
The company plans to establish La Ciotat as a major hub for superyacht refits
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