Fincantieri has signed an agreement for the acquisition of a minority stake via capital injection in Camper & Nicholsons International, a leading authority in all luxury yachting activities. The agreement includes the possibility for Fincantieri to subsequently increase its share capital in Camper & Nicholsons.
Fincantieri and Camper & Nicholsons had already established a relationship through the build of two superyachts, including the 134-metre Serene and the 140-metre Ocean Victory. Delivered in 2011 and 2014 respectively, Serene and Ocean Victory are thought of as some of the most innovative and technologically advanced yachts today.
Giuseppe Bono, CEO of Fincantieri stated, “Acquiring a stake in a company of Camper & Nicholson caliber has a significant strategic value. From today we are among the first shipbuilders to directly oversee the promising megayachts market segment. Our presence will cover the entire range of activities typical for this business, from sales and marketing to life cycle management of these very special units. This partnership will allow us to extend our skills and therefore to further strengthen our role in a segment which guarantees attractive margins.”
Gualtiero Giori, executive chairman of Camper & Nicholsons International added, “In only nine months of ownership, we went on to acquire the Camper & Nicholsons brand and are now delighted to welcome such a strong investment partner as Fincantieri. Both companies share similarly long and proud histories yet remain leaders in our respective sectors today. We look forward to their support in taking Camper & Nicholsons to even greater heights of success in the years to come”.