Integrated control systems company XENTA has been acquired by the Quick Group.
The acquisition is a further step towards Quick’s supply chain consolidation project.
XENTA develops and produces electronic diesel, electric and hybrid propulsion control systems, electronic steering systems with electro-hydraulic actuation, manoeuvring systems (also assisted), position-holding systems, stability control systems and remote-control systems.
The company was founded in Rome in 2004 and concentrates on developing sophisticated software that enhances the intelligence and connectivity of onboard hardware, optimising a boat’s manoeuvring and navigation.
It places particular emphasis in implementing solutions for shaft line propulsion, surface drive and waterjets for boats longer than 60ft.
XENTA co-founders Stefano Bertazzoni and Lorenzo Mongiardo, will reinvest in Quick.
“I am proud of this operation and of being able to continue to carry out the entrepreneurial project of XENTA within a group like Quick, which integrates perfectly with our characteristics, certain that the Group’s strategic and product vision can enhance them,” said Lorenzo.
Stefano added: “I am proud to be part of the Quick group with whom I share the vision and strategic choices for the future. I believe that the combination of two such complementary companies can bring a great development in terms of integration of existing products, commercial synergies and, in the near future, the introduction of new products.”
And Michele Marzucco, Quick concluded: “Creating new commercial and production synergies, benefiting from XENTA’s position as a strategic technological hub, gives strength to the Group’s path of expansion and consolidation already begun this spring with the acquisition of Sanguineti, which aims to create the “one-stop-shop” of international shipbuilding, capable of offering a complete integrated system at the forefront of technology.”
Quick is owned by Fondo Italiano d’Investimento SGR, Armònia SGR and the Marzucco family.