Fincantieri invests in Camper & Nicholsons
Fincantieri has signed an agreement for the acquisition of a minority stake via capital injection in Camper & Nicholsons. The agreement includes the possibility for Fincantieri to increase subsequently its share capital in Camper & Nicholsons.
This builds on a pre-existing relationship through the build of two megayachts, 134 metre Serene and 140 metre Ocean Victory.
With the investment in Camper & Nicholsons, Fincantieri aims to strengthen its leadership in the new build sector.
Fincantieri’s CEO, Giuseppe Bono, said “Acquiring a stake in a company of Camper & Nicholson 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, said: “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”.