North Technology Group (NTG) has acquired Doyle Sails and Quantum Sails.
The two additional marine brands will continue to operate independently, retaining their individual brand identities and competing for market share.
Each business will continue to manage its own lofts, sales and marketing teams, and product suites.
NTG says its ownership structure will provide each brand with the freedom, financial security, and resources to continuously improve and offer better experiences for sailors.
“North Technology Group is passionate about the sailing industry, and with big ambitions and a relentless drive we are continuously evolving,” said NTG CEO Sam Watson. “We see a real opportunity for growth and development by bringing Doyle Sails and Quantum Sails into the NTG family. We look forward to welcoming their customers and our new colleagues on this journey.”
We look forward to working within the NTG family to help sailors at all levels to continue enjoying the sport they love.
Quantum Sails president Ed Reynolds
Quantum Sails will continue to be led by Ed Reynolds and Andrew Scott, and Doug DeVos will remain involved in the business, and as an investor in NTG. Mike Sanderson will continue to lead Doyle Sails.
And NTG chairman Peter Dubens explained that NTG is a long-term supporter of sailing, helping to grow the sport by investing in skills, innovation and new technologies.
“In Doyle and Quantum, we have found two brands and businesses that support our values and goals,” he said. “We’re pleased to be partnering with Mike, Ed, and their teams, as we work together to promote the future of the sport we love so much.”
The decision to combine forces with NTG was a ‘no-brainer’ said Mike Sanderson, Doyle Sails CEO.
“It ensures the longevity of the brand we are so committed to; it will keep challenging innovation in sailing, and it brings significant opportunities for our team, sailors, and customers,” he said.
And Quantum Sails president Ed Reynolds added: “At Quantum, we’ve always focused on providing the best-performing products and customer service in sailing. We have a rich history in the industry and our sails have donned some of the most premier boats in sailing.
“We look forward to working within the NTG family to help sailors at all levels to continue enjoying the sport they love.”
NTG brands encompass a wide range of companies including North Sails, Southern Spars, Future Fibres and Sailmon.
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