Investment holding company NUO has acquired a minority stake in SACS Tecnorib as the boatbuilder looks to continue its growth and development.
SACS Tecnorib was founded in 2021 through the merger of SACS and Tecnorib.
In the last financial year, the Group reported a production value exceeding €70 million, with more than 70% of its output destined for export markets.
The company has achieved a compound annual growth rate of 25% over the last three years, driven by its expanding international footprint and diversification of its product range.
Products include the Strider and Rebel ranges and the Pirelli Speedboats brand under license.
The organisations say the partnership, based on a shared vision and core values, and aims to combine SACS Tecnorib’s expertise with NUO’s resources to solidify the Group’s leadership in the European market.
It is also intended to support the Group’s international strategy, particularly in the US, and potentially enable growth through the acquisition of complementary brands.
As part of the agreement, which involves the sale of a minority stake by the existing shareholders, Matteo Magni will retain majority control of the company.
Founding partners Matteo Magni and Giovanni De Bonis will continue in their leadership roles. Magni will assume the role of CEO alongside his current position as president.
This milestone reflects the passion and dedication we have poured into building a great company.
Matteo Magni
“We are thrilled to announce this partnership, which we believe will deliver significant value and elevate our competitiveness on a global scale,” said Magni.
“This milestone reflects the passion and dedication we have poured into building a great company, as evidenced by our ability to attract prestigious investors like NUO to partner with us on our journey.
“Together, we will continue to embrace new opportunities and strengthen our ability to innovate while remaining committed to delivering excellence for our customers, driving significant growth, and leading the industry forward.”
Tommaso Paoli, CEO of NUO, added: “We are honoured to partner with Matteo and Giovanni in this ambitious venture to establish SACS Tecnorib as a global leader.
“This collaboration reflects our commitment to investing in companies with strong growth potential and visionary leadership.”
He concluded: “Matteo’s clarity of purpose, determination, and collaborative spirit impressed us deeply.
NUO will leverage its expertise and network to support the company in its international expansion, governance, and M&A operations, enabling the team to realise their long-term aspirations.”
