Sanlorenzo has agreed to acquire the Nautor Swan Group. The acquisition will take place in two tranches with 60% of the shares to be initially acquired for €48.5 million.
A four-year period is planned between the closing of the agreement and the remaining transfer of 40% of the shares to allow for a gradual integration between the two brands.
The agreement values the Nautor Swan Group, which consists of 13 companies located in seven countries – Finland, Italy, Spain, Monaco, UK, the US and Australia at €80.9 million.
The Group designs, builds, sells and refits top-end sailing yachts under the Swan, Maxi Swan, and ClubSwan brands, as well as motor yachts under Shadow and Arrow brands.
Post-acquisition, Massimo Perotti, as CEO, and Giovanni Pomati, as co-CEO, will head Nautor Swan Group. Leonardo Ferragamo will retain his role as chairman of Nautor Swan.
The Boatbuilding Technology Centre (BTC) in Pietarsaari, Finland, will remain as the main production site for sailing yachts.
The signing of this agreement represents the achievement of another key milestone in our strategy.
Massimo Perotti, chairman and CEO Sanlorenzo
“The signing of this agreement represents the achievement of another key milestone in our strategy,” said Massimo in a statement. “Over the past few months, we have developed a solid business plan, in terms of product development and synergies implemented in technology, production, and sales, as well as economies of scale, working together with Leonardo Ferragamo and Nautor Swan’s management, who have transformed the shipyard and its yachts into a globally desired iconic brand.”
And he said the philosophy of Nautor Swan is perfectly consistent with that of Sanlorenzo, with Swan’s heritage recognised worldwide.
“Just like for Sanlorenzo, it is important to keep fuelling this heritage, always preserving the brand’s tradition and exclusivity, respecting Nautor Swan’s legacy of know-how and experience,” he said.
The partnership with Sanlorenzo is intended to facilitate the continuation of researching and developing advanced and innovative solutions.
This will include exploring new materials, pursuing sustainability and continue the development of carbon-neutral technologies based on the use of green hydrogen and methanol.
Over the past 26 years, together with many wonderful people, we have dedicated ourselves to develop and transform this already well known and iconic shipyard into an international brand.
Leonardo Ferragamo, chairman of Nautor Swan
“In synergy with Swan sailing yachts – already sustainable – our product development will open up a new market segment that does not exist today,” said Massimo.
“The union of Sanlorenzo and Nautor Swan brands – each with its own exclusive and limited offer, aimed at its own club of connoisseurs, without any product portfolio overlap – will create a unique yachting hub in the world. The best of motor and sailing yachts.”
Leonardo Ferragamo, chairman of Nautor Swan, added: “Over the past 26 years, together with many wonderful people, we have dedicated ourselves to develop and transform this already well known and iconic shipyard into an international brand recognised for quality, elegance and reliability, key elements at the heart of Nautor Swan.
“This includes four different yacht lines, services and dedicated sports management at global level, as well as the creation of ClubSwan, the yacht club that brings together our owners and many sailing yachtsmen who are fond of the values that Swan has always fostered.
“Today my goal is to set this brand, beloved and respected world-wide, on the path to perpetuity, entrusting it to a world leading luxury yachting group, led by Massimo Perotti – one of the most brilliant entrepreneurs in the sector – to reach its full potential leveraging on what we built with passion and dedication over the years.”
