Italian brand Fincantieri has recently signed an agreement of a minority stake via capital injection in Camper & Nicholsons International, in which also incorporates the possibility for Fincantieri to increase its share in the future.
The two brands already established an excellent working relationship a few years ago throughout the build of two vast superyachts, the 133.90 metre Serene completed in 2011 and listed as the 14th largest yacht in the world, and the 141 metre Ocean Victory, completed in 2014 and listed as the 9th largest yacht in the world. As a result of the recent investment, Fincantieri aims to further strengthen its presence and position in the new build sector.
Fincantieri’s CEO, Giuseppe Bono, comments, “Acquiring a stake in a company of Camper & Nicholsons' caliber has a significant strategic value. 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.”
Gualtiero Giori, Executive Chairman of Camper & Nicholsons International, added: “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.”