Latest news about companies expanding in the marine sector. Includes news articles about marine expansion into overseas markets, expanding sales teams and premises and service centres.
Turkish boat builder, Dromeas Yachts has announced that Lotus Investment Group has invested in its group of companies, including DRM Advanced Composites, which opened last year (2022). The company says the new investment and strategic support from Lotus will enable it to expand its business globally and enhance its production, performance and quality to unprecedented […]
Yamaha dealer KMO Marine Ltd has opened a Yamaha service centre in the new riverside office at Hamble Yacht Services in Port Hamble, near Southampton, UK. With an established dealership in Cowes on the Isle of Wight, KMO says its new premises will enable it to expand the support network available to Yamaha outboard owners […]
Turkish boatbuilder, Numarine has confirmed it currently has 13 yachts under construction at its 35,000sqm production facility near Istanbul. The new yachts currently in-build comprise the 22XP, 26XP and 37XP models following the company’s change of focus to crossover-style explorer yachts. This change of focus has had a positive impact on the company with Numarine […]
Work is advancing on a new building which will more than double the size of Baltic Yachts’ Jakobstad facility as it winds down its ageing Bosund premises where the company was founded 50 years ago. The 7702m², three-storey building is being erected alongside the company’s existing waterfront yacht construction facility in Jakobstad. Many key departments […]
The Italian Sea Group (TISG), a global operator in luxury yachting, has opened its first flagship store in the US in East Hampton, Long Island, as the company’s development plan for the American market ramps up. The opening was carried out in collaboration with FGI Yacht Group. Frank Grzeszczak Sr., the head of sales in the Americas […]
Versadock, which designs and creates modular floating pontoons and docks, has announced SK Nautik Enterprise AB as its new dealer in Sweden. Based in Marstrand, it is owned by Simon Evans, chairman, and his son Kalle, MD. “I am looking forward to working with Versadock and being able to show the Swedish market why Versadock […]
Rigging company, Allspars has expanded with a new workshop in Falmouth, Cornwall. The new workshop is the company’s third location, joining its Plymouth HQ at MDL’s Queen Anne’s Battery Marina and its Solent branch at Premier Marina Swanwick. The Falmouth branch will be run by Matt Pullen, who has won National, European and World Championship […]
Marine electric propulsion specialist, ePropulsion is opening an office in Hong Kong to strengthen its research and development (R&D) capabilities. The new R&D capabilities in Hong Kong expand ePropulsion’s footprint in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), an area known for high-tech manufacturing and professional services, joining its Dongguan headquarters and manufacturing facilities as well as its Shenzhen lab and marketing […]
Global marine survival and safety solutions provider, Survitec, has announced it has completed a £15 million bank guarantee facility with Barclays Corporate Banking which will complement the company’s recent £270 million refinancing and £27.5 million super senior revolving capital facility. Survitec says all three agreements are part of its growth plans for its survival technology […]
Smartgyro S.r.l. is expanding its business with the appointment of new key personnel and a move to new headquarters in La Spezia, Italy. With additional product launches set to swell its range of gyroscopic stabilizers, Smartgyro has revealed the new team structure as the company plans to grow its production and sales over the coming […]
Electric personal watercraft maker, Taiga Motors, plans to go public via a merger with a company sponsored by Canaccord Genuity Group Inc., taking advantage of investor demand for companies that highlight their environmental credentials, according to Bloomberg. Montreal-based Taiga Motors makes electric recreational vehicles including Orca jet skis and Ekko Mountain snowmobiles that are meant to create […]