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Groupe Beneteau acquires sailboat builder

BeneteauSeascape 5b473de04ae763545a70de19

Groupe Beneteau acquired a majority stake in Seascape, a Slovenian company that designs and builds performance sailboats. A Beneteau statement said founders Andraž Mihelin and Kristian Hajnšek will remain with the company, retaining a 40 percent ownership stake. Seascape will be reported in the Groupe Beneteau’s financial numbers from the acquisition date of July 9.

Seascape had sales of $4.9 million (€4.2 million) in 2017. It builds four models from 14 to 27 feet, designed by Sam Manuard.

According to the statement, the Seascape brand has become a leader in the transportable performance cruiser segment. The boats are designed to be affordable, as well as easy to use and transport. Beneteau said Seascape will strengthen its global position in the liveaboard monohull sailing segment with its line of performance cruisers.

“Our acquisition of a stake in Seascape will enable us to offer a selection of small sailing yachts designed for both novice sailors and enthusiasts, often younger and first-time buyers,” said Hervé Gastinel, Groupe Beneteau CEO, in the statement.

Andraž Mihelin, Seascape CEO, said the company will remain committed to Seascape owners. “We will continue to develop sailing boats, events and services in line with the spirit that has been central to our brand’s success, while benefiting from Groupe Beneteau’s global scale and expertise,” Mihelin said in the statement.

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