Updated:
Original:

Hanse Yachts has new majority owner

Aurelius AG now holds 72.5 percent of the shares of Germany-based Hanse Yachts AG, the company announced.

Hanse Yachts AG was founded in 1990 and in the last 21 years has established itself as the third-largest production-line builder of sailing yachts worldwide. Hanse Yachts AG’s shares have been listed on the General Standard of the Frankfurt Stock Exchange since the company went public in March 2007.

“As a result of economic circumstances Hanse Yachts has had to report negative results for the last three fiscal years. Thanks to the overall economic recovery and successful introduction of new and innovative models, Hanse Yachts has nevertheless been able once again to gain significant additional market share and to improve its results for fiscal year 2010/2011,” the company said in a statement.

“With the active support of Aurelius in the future, continued significant improvement in our business operations is expected,” the company added. “Our current incoming orders have underscored this expectation.”

Related

Just Put Me in a Reef Ball

Eternal Reefs puts a new twist on burial at sea while creating habitat for marine life that will appeal to anglers and divers.

Ways of Engagement

DEALERS: How will you maintain customer interest during the off-season? Take this month’s Pulse Report survey here.

Soundings Trade Only Names Most Innovative Marine Companies

Brunswick Corp. and Mercury Marine share top honors in our annual awards program.

IBEX Opens Tomorrow

The three-day trade show celebrates its 30th anniversary and return to the Tampa Convention Center in Florida after last year’s virtual event.

Ritchie Navigation Sees Year of Record Growth

The 161-year-old Pembroke, Mass.-based compass manufacturer added a sixth workday to keep up with demand.

‘A Phenomenal Success’

The Southampton International Boat Show had more than 88,000 visitors during its 10-day run, after last year’s cancellation.

TopSide Marinas Makes First Two Acquisitions

Founded in January 2020, the firm has thus far acquired Beavers Bend Marina in Oklahoma and Galveston Yacht Basin in Texas.

Two Boosts for Boating and Fishing

MBIA’s Metro Boat show show draws a crowd, and the U.S. Fish and Wildlife Service expands boating and fishing opportunities.