Groupe Beneteau announced today that it had completed the acquisition of Delphia Yachts. The company said in a statement that its Polish subsidiary Ostroda Yachts sp. z.o.o. will have 80 percent of the share capital, while Delphia Yachts will retain 20 percent.
Groupe Beneteau announced on July 12 that it had signed an agreement with Delphia to acquire its operations for sailing and motoryachts under the Delphia Yachts and Maxi Yachts brands.
Since 1990, when it was founded, Delphia has built more than 25,000 units. In 2017, it recorded sales of $35 million (€30 million), with $2.27 million (€2 million) in income from ordinary operations. Delphia employs 670 people.
Groupe Beneteau said the acquisition would increase its production capacity in Poland, while also increasing its new-product development capacity by capitalizing on Delphia Yachts’ new prototyping and R&D center.
“To support its development on the strategic segment for outboard motorboats and small sailing yachts, Groupe Beneteau will be able to capitalize on Delphia Yachts’ industrial capacity and expertise. This acquisition is in line with our long-term strategy for sustainable and profitable growth,” said Hervé Gastinel, Groupe Beneteau CEO in a statement.