Beneteau makes major acquisitions | Sunseeker growth plans | OneWater buys PartsVu | Garmin, MPC financials

Salone nautico

Boatbuilders

Beneteau Group makes major acquisitions in charter & boat club sectors; revises 2021 forecast

IBI

Investments total €40m; full-year revenue growth expected to be over 7%, up 5% on previous forecasts

HPWater

Sunseeker outlines platform for growth; confirms strong sales trajectory for 2022 and beyond

By Ed Slack,

UK builder says next two years should take sales in units and value, to new heights

Salonnautico

Mergers & Acquisitions

Second acquisition in a week for OneWater Marine

IBI , by Craig Ritchie

Definitive agreement to acquire PartsVu marks a notable expansion into the parts and accessories sector for US boat dealer

Company Financials

Garmin reports record revenues, profits in 2021 Q2 results

IBI , by Craig Ritchie

Garmin reported record revenues and profits among its 2021 second quarter financial results, which were released Wednesday. The Kansas, US-based …

Marine Products Corp Q2 sales up 65%

IBI , by Craig Ritchie

255% YOY jump in operating profit, 239% increase in net income highlight positive second quarter for US boatbuilder

Boatbuilders

Fipa reports busy summer season with seven boats delivered in two months

The Italian builder’s Maiora and AB Yachts brands are in strong demand

Market Development

Bahamas moves to be “flag state” for superyachts

IBI , by Tony Esposito

Adopting the Bahamian flag would encourage home-base porting

Training & Education

ABYC and US Coast Guard launch online training series

By Craig Ritchie

New series of online conferences to focus on training, risk mitigation in boatbuilding

People

ComMar expands technical sales and support team

Brian Steele joins the company from Seakeeper Inc

Companies

Actisense launches free cloud-based platform for optimum boating safety

ActisenseCloud helps make journeys safer and more efficient