Sanlorenzo buys 49% share of Sea Energy

Sanlorenzo has acquired a 49% stake in yachting electrical systems installation firm, Sea Energy for a fee in the region of €2.7m ($2.9m).

Massimo Perotti, chairman and CEO, Sanlorenzo said that said the acquisition is a move to further strengthen the shipyard’s supply chain. He added that the firm will also help implement Sanlorenzo’s strategies for decarbonising its fleet.

“Sea Energy has made innovation technology the key to its success,” said Perotti. “Sea Energy has also developed a significant experience in the field of electric and hybrid propulsion. This know-how is fully consistent with our Road to 2030 vision to develop innovative and sustainable technologies.”

The deal was negotiated for Sanlorenzo by law firm Musumeci, Altara, Desana and Andersen Italia assisted the shipyard on accounting and fiscal due diligence. Lawyers Luca Polidori and Gabriele Dini assisted Sea Energy in the sale.