Groupe Beneteau signs agreement with Delphia Yachts

Thu Jul 12 2018, 17:02 PM

Deal sees Groupe acquiring Polish builder's operations designing, building and marketing sailing and motor yachts under the Delphia Yachts and Maxi Yachts brands and for other firms

Groupe Beneteau has signed an agreement with the Polish yard Delphia Yachts with a view to acquiring its operations designing, building and marketing sailing and motoryachts under the Delphia Yachts and Maxi Yachts brands and for other firms (including Groupe Beneteau). This acquisition will be made through a Polish entity in which Delphia Yachts will retain 20% of the capital.

Founded in 1990 and based in Olecko, Delphia Yachts is now one of Central and Eastern Europe’s leading boat builders. Since 1990, it has built over 25,000 units. In 2017, it recorded revenues of PLN 130 million (c.€30 million), with PLN 9 million (c.€2 million) in income from ordinary operations, and it currently employs 670 people.

According to a statement, the acquisition is in line with the objectives for growth from the Group’s Transform to Perform strategic plan, particularly in terms of:

Increasing industrial capacity, with an 18,000 sq.m production site in Poland, specialized in building outboard motorboats and small sailing yachts, which the Group is developing a targeted strategy around;

Increasing development capacity, capitalizing on Delphia Yachts’ new prototyping and R&D center;

Further strengthening the product range in the liveaboard monohull sailing and river motorboat segments;

Developing the Group’s international capabilities, through the Delphia Yachts and Maxi Yachts brands’ strong commercial presence on the Central and Eastern European and Scandinavian markets.

The acquisition of Delphia Yachts’ business is expected to be completed within the next few months, subject to obtaining the regulatory approvals required.

“To support its development on the dynamic and 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 will further strengthen the Group’s solid positions and is in line with its long-term strategy for sustainable and profitable growth”, confirms Hervé Gastinel, Groupe Beneteau CEO.

The news follows the recent acquisition by Groupe Beneteau of a majority stake in Slovenean boatbuilder Seascape.