Aug 27, 2019

Hanse Yachts- Purchase of luxury catamaran manufacturer Privilège Marine SAS completed at the end of June 2019 

- Purchase essentially financed by shares, supplementary capital increase of up to EUR 1,72 million 

- Issue of up to 299,219 new no-par value shares at an issue price of EUR 5.75 per share 

- Subscription ratio 9:1, subscription period runs from 20 August to 10 September 2019 

As announced on 27 June 2019, HanseYachts AG has acquired all shares in Privilège Marine Holding GmbH from HY Beteiligungs GmbH, a 100% subsidiary of Aurelius Equity Opportunities SE & Co. KGaA, and thus indirectly acquired 97.43% of the shares in Privilège Marine SAS, France. The cash purchase price amounted to EUR 500,000 plus a variable purchase price component of up to a further EUR 600,000, which is dependent on certain future developments. 

Privilège has been active in the market as a manufacturer of luxury catamarans for over 30 years and produces sailing and motor catamarans, making it one of the pioneers in the market. The catamarans will be built on the French Atlantic coast and the existing personnel structure with approx. 150 employees will be retained. The shipyard has direct access to the Atlantic and currently produces six catamaran models from 50 to 75 feet in length. 

Three new catamaran models were developed and marketed by the designers and engineers of HanseYachts AG prior to the takeover in order to lead the traditional Privilège brand, which currently has an order book of EUR 26 million, into a successful future. Privilège is the sixth brand in the group to benefit from the worldwide distribution of HanseYachts AG and the purchasing power behind more than EUR 150 million in group sales. 

"For eight years in a row HanseYachts AG was able to grow its turnover by 9 to 15 million EUR per year. In order to be able to continue such dynamic growth, we need a new brand from time to time. With our experienced development department in Germany, we fill this with new products and new life. After positive experiences with the new brands Dehler and Sealine in past years, Privilège will now continue this successful strategy. I am sure that our shareholders are aware of the attractiveness of the catamaran market," said Dr. Jens Gerhardt, CEO of HanseYachts AG. 

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2022 AMI Conference & Expo, Feb 1-3, 2022| Daytona Beach

 

Association of Marina IndustriesSave the date for the 2022 AMI Conference & Expo in Daytona Beach, FL on February 1-3, 2022. Plan ahead and book your room at the host hotel to receive your discounted rates!

The Association of Marina Industries Conference & Expo is THE leading marina and boatyard conference. It is geared specifically toward marina and boatyard owners; operators and managers; as well as dock masters, harbormasters, boat builders and repairers, and industry consultants. 

 

 

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Boating Industry Canada News Week

 

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

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The app is free to download and offers a rich experience that includes free up-to-date nautical charts from C-MAP®, personal waypoints, routes and tracks, latest marine weather, personalization and much more. 

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Raritan sanitation hose has impressive bend radius

Rariton Sanitation HoseBetween the odor and working in confined spaces, replacing an onboard sanitation line is never a pleasant job. With Sani/Flex Odor Shield Marine Hose from Raritan Engineering, the task can be completed quicker and with fewer expletives. Incredibly strong, it has class-leading flexibility.

The 1.5" version of Sani/Flex Odor Shield has a bend radius of 3.15". The 1" model has an impressive 1.97" rating. Combined with its suppleness, it's super-easy to snake the hose around the tightest corners.

 

 

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