Italy

DeWave Group

<a data-gid="gid://syiq/Company/8490" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DeWave Group (Company)">De Wave Group</a> has announced the acquisition of four established Italian companies within the cruise and yachting sectors. The newly acquired companies include Cantieri Navali San Carlo, Electrical Marine, O.M. Project and IVM.<img src="https://photo-assets.superyachttimes.com/photo/376981/image/large-8c83ddcf70ec40565dd08d8c4962fd69.jpg" data-gid="gid://syiq/Photo/376981">Founded in Genoa, <a data-gid="gid://syiq/Company/8490" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DeWave Group (Company)">De Wave Group</a> is one of the leading international contractors specialising in turnkey interiors for the cruise and superyacht industries. The Group provides complete solutions covering design, engineering, production and installation of cabins, public areas, catering facilities and technical spaces.With seven production sites and twelve offices across nine countries, <a data-gid="gid://syiq/Company/8490" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DeWave Group (Company)">De Wave</a> employs more than 1,400 professionals and works with many of the world’s major shipyards and operators.&nbsp;“The transactions announced today are part of our long-term strategy of growth through external lines, aimed at creating the Italian shipbuilding supply chain hub,” said Riccardo Pompili, CEO of <a data-gid="gid://syiq/Company/8490" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DeWave Group (Company)">De Wave Group</a>.&nbsp;“We can now cover every stage of design, production, assembly, and installation for the cruise and yachting industries. Our investment and partnership strategy is also strongly focused on empowering the management teams that have driven the success of their companies and who will play a central role in our ambitious development plan for the future.”The newly acquired companies include Cantieri Navali San Carlo, located in Turin, who focus on the construction of leisure and sports vessels, alongside Electrical Marine, who are headquartered in Turin with additional offices in Savona and Varazze, and who have acted as a key supplier of electrical and electronic systems to the marine sector since 1980.“We saw in <a data-gid="gid://syiq/Company/8490" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DeWave Group (Company)">De Wave</a> the opportunity to further develop our business within a major industrial project like the new nautical hub,” added Maurizio Montesion, CEO of Electrical Marine. “Joining this Group means growing together, sharing experience and expertise to strengthen Italy’s shipbuilding supply chain and face future market challenges with greater solidity.”They are joined by O.M. Project, a Turin-based company focused on metal fabrication and electro-actuated movement systems for marine applications, and Padua-based IVM, a leading outfitting and furnishing specialist for cruise ships.“We have known <a data-gid="gid://syiq/Company/8490" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DeWave Group (Company)">De Wave</a> for a long time and share the same industrial vision,” explained Pietro Iemmolo, CEO of IVM. “This partnership is founded on a complete alignment of goals: working together to ensure continuity, leverage our expertise, and create new opportunities for growth, for our people and for the entire Italian shipbuilding industry.”<img src="https://photo-assets.superyachttimes.com/photo/376980/image/large-0edf48c125d0af48ad6c1d5a145d93bd.jpg" data-gid="gid://syiq/Photo/376980">To support the integration and growth of these entities, <a data-gid="gid://syiq/Company/8490" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DeWave Group (Company)">De Wave</a> has unveiled a €50 million investment plan designed to expand production capacity, acquire new machinery and explore further M&amp;A opportunities.The plan also includes the recruitment of approximately 150 new employees over the coming years, with a particular focus on reinforcing aftersales services and supporting growing international demand.Together, these acquisitions form the foundation of what <a data-gid="gid://syiq/Company/8490" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DeWave Group (Company)">De Wave</a> describes as the Italian Shipbuilding Supply Chain Hub, a national centre of excellence bringing together specialist expertise across all stages of interior and systems development for both cruise ships and yachts.<a data-gid="gid://syiq/Company/8490" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="DeWave Group (Company)">De Wave Group</a> now operates seven production sites and twelve offices across nine countries, employing more than 1,400 professionals. The company expects to reach consolidated revenues of €450 million by the end of 2025.The Group’s acquisition programme, which began in 2021, has brought nine companies under the De Wave umbrella to date. These also include Mobil Line, S.E.R., <a data-gid="gid://syiq/Company/6367" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tec-Navi (Company)">Tecnavi</a>, Wingeco, and Inoxking, each contributing key expertise across yacht interiors, HVAC systems, glass and steel fabrication and galley equipment manufacturing.“Ours is a highly specialised sector in which craftsmanship and know-how remain the true added value of production, and these cannot be replicated by any AI-powered virtual assistant,” concluded Pompili.

De Wave Group acquires four Italian marine companies

De Wave Group has announced the acquisition of four established Italian companies within the cruise and yachting sectors.