Nautor Swan Acquired by Sanlorenzo
Sanlorenzo to Acquire Nautor Swan Group in Two Tranches
BTC Pietarsaari remains Nautor Swan's main production site
After months of speculation, Sanlorenzo has officially acquired the Nautor Swan Group. The acquisition will take place in two phases, with Sanlorenzo taking a 60% stake in the company immediately and the remaining 40% at a later date.
The news comes as a surprise to many in the sailing industry, as Nautor Swan is one of the world's leading builders of luxury sailing yachts. The company was founded in Finland in 1966 and has built over 2,000 yachts to date. Sanlorenzo, on the other hand, is an Italian builder of luxury motor yachts.
The two companies say that the acquisition will allow them to combine their strengths and create a new global leader in the luxury yacht market. Sanlorenzo will bring its expertise in motor yacht construction to Nautor Swan, while Nautor Swan will bring its sailing yacht expertise to Sanlorenzo.
The acquisition is subject to certain conditions, but it is expected to close in the coming months. Once the acquisition is complete, Sanlorenzo will become the majority owner of Nautor Swan. The company will continue to operate independently, with its headquarters remaining in Pietarsaari, Finland.
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