Yacht management and maintenance company Marine Professionals announced the formation of Marine Electronics, a marine electronics and custom audio-visual provider for yacht owners.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Azimut Benetti Group CEO Ferruccio Luppi is now also serving as CEO of the yachts business line for the group, taking over for Paolo Casini as he leaves the company to pursue other opportunities.
Norwegian nitrogen oxide emissions control system manufacturer Yara acquired Germany-based H+H Umwelt ind Industrietechnik GmbH, the maker of Marine Selective Catalytic Reduction technology.
The Brewer Yacht Yard Group said it acquired the Oxford Boatyard and Mears Yacht Haven Marina in Oxford, Md.
The Northwest Marine Trade Association recently bought the Northwest Paddling Festival, the region’s largest event dedicated to the increasingly popular recreation.
Rupert Murdoch found a buyer for his $29.7 million sailboat less than four months after announcing it was for sale.
Marine Response Alliance, an association of U.S. emergency responders providing OPA 90 Salvage Marine Firefighting, has relocated from Pompano, Fla., to Houston so it can be situated with international salvage partner Titan Salvage. Located near George Bush International Airport, the new Marine Response Alliance office has a 102,500-square-foot maintenance and warehousing facility with 4.61 acres…more
Alexander Marine, builder of Ocean Alexander yachts, announced the expansion of its manufacturing facility.
A Washington state builder of welded aluminum monohull and catamaran fishing boats will build a plant in North Carolina to accommodate the growing aluminum segment.
Malibu Boats’ filing with the Securities and Exchange Commission for an initial public offering says the company has held the No. 1 market share position among U.S. performance sportboat manufacturers for nearly four years.