Fincantieri invests in Camper & Nicholsons International
Published: Tuesday, 26 May 2015
Italian shipbuilder Fincantieri agrees to acquire a minority stake via capital injection in Camper & Nicholsons International (Camper & Nicholsons), a leading authority in all luxury yachting activities. The agreement includes the possibility for Fincantieri to increase subsequently its share capital in Camper & Nicholsons.
The investment consolidates the presence of both companies in the larger yacht segment and confirms Fincantieri’s strategic interest in an area in which it has devoted substantial resources and achieved significant results since creation of the group’s specialty division, Fincantieri Yachts. Drawing on Fincantieri’s 230 years of expertise in shipbuilding, the yacht division offers unparalleled levels of design, styling and quality in the build of megayachts.
Fincantieri and Camper & Nicholsons have already established an excellent relationship through the build of two megayachts, including the 134-metre Serene and the 140m Ocean Victory. Delivered in 2011 and 2014 respectively, Serene and Ocean Victory are among the most innovative and technologically advanced megayachts ever built. With the investment in Camper & Nicholsons, Fincantieri aims to strengthen its leadership in the new build sector.
“Acquiring a stake in a company of Camper & Nicholson calibre has a significant strategic value,” says Fincantieri CEO Giuseppe Bono. “From today, we are among the first shipbuilders to directly oversee the promising megayachts market segment. Our presence will cover the entire range of activities typical for this business, from sales and marketing to life cycle management of these very special units. This partnership will allow us to extend our skills and therefore to further strengthen our role in a segment which guarantees attractive margins”.
Camper & Nicholsons International Executive Chairman Gualtiero Giori adds: “In only nine months of ownership, we went on to acquire the Camper & Nicholsons brand and are now delighted to welcome such a strong investment partner as Fincantieri. Both companies share similarly long and proud histories yet remain leaders in our respective sectors today. We look forward to their support in taking Camper & Nicholsons to even greater heights of success in the years to come.”
MORE ABOUT FINCANTIERI
Fincantieri is one of the world's largest shipbuilding groups and number one by diversification and presence in all high value-added market sectors, having built more than 7,000 vessels in over 230 years of its maritime history, from naval vessels to cruise ferries, from megayachts to special high value-added vessels, from ship repairs and conversions to offshore vessels.
Headquartered in Trieste (Italy), the Group has approximately 21,900 employees, of whom around 7,700 are based in Italy, and 21 shipyards in four continents. Fincantieri Yachts is the Group’s business unit devoted specifically to luxury vessels with the focus on megayachts of over 80 metres. Construction is carried out at the shipyard of Muggiano (La Spezia), a high-tech shipyard specialising in the build of complex vessels, including megayachts, naval surface vessels and submarines. It was the Muggiano yard that built the Blue Riband winner, the Destriero.