Skip to main content

German boatbuilder to buy Italian producer

Bavaria Yachtbau GmbH and Cantiere del Pardo Group (Grand Soleil and Dufour) signed an agreement for the lease and subsequent acquisition of the Cantiere del Pardo group's operations by Bavaria.

Terms of the deal were not released.

As part of the deal, Bavaria will contribute the capital needed to support the business of the Cantiere del Pardo Group while lenders work to restructure existing balance sheet debt, the companies said.

"We are very happy to be able to bring together these great brands to create a top global player," said Jens Ludmann, CEO of Bavaria Yachtbau, in a statement. "Providing liquidity and a strong balance sheet will support the business's growth aspirations. We see significant synergies between the three brands in various areas of the business, and these synergies will enable us to grow and enhance our market competitiveness."

Federico Minoli, CEO of the Cantiere del Pardo Group, added, "We are proud to reach an agreement with a strategic partner like Bavaria. We have formed a powerful group with complementary product ranges, geographical presence and managerial skills. The success that our new products have earned with customers can now ensure significant growth for our group."

Related

1_RIGHWHALES

Industry Pushes Back Against Speed Restrictions

A NOAA Fisheries proposal would restrict boats 35 feet and larger to a 10-knot speed limit along the East Coast to protect right whales from vessel strikes.

4_MAGONIS

Magonis Opens Connecticut Office

The Spain-based, electric-boat builder offers an 18-footer that’s available with motors from Torqeedo and Mag Power.

01_YOUTH.FISHING

Bill Seeks to Increase Youth Fishing

The bipartisan Coastal Fishing Program Act of 2022 would ease barriers to accessing the outdoors in underserved communities.

Norm

Fall Is in Full Swing

With the autumnal equinox ushering in a new season today, the fall boat-show circuit is in high gear. Here are some recent reports and a look at what’s to come.

3_MANUFACTURER.CONFIDENCE

Manufacturer Confidence Drops

Still, U.S. builders remain largely optimistic despite ongoing constraints with the supply chain and workforce, as well as yesterday’s interest rate hike.

1_TEMO.DEFENDER

Defender Adds TEMO Electric Boat Motor

Defender Industries is the official U.S. dealer for the French company’s lightweight, portable electric motors.

2_TWIN.DISC.BELGIUM

Twin Disc Sells Belgium Facility

The transmission manufacturer is still using the facility in a leaseback transaction as it looks to reduce costs.