Bavaria Yachts enters administration
Bavaria Yachts has filed to enter self-administration.
It is understood the administration will apply to the German boatbuilder’s monohulls but that multihull brand Nautitech, based in France and acquired by Bavaria three years' ago will continue to operate as normal.
Bavaria started building boats 40 years’ ago in Giebelstadt in southern Germany and was the first to introduce a modern assembly line production system to boatbuilding. The company’s motor boats were launched in 2000.
In 2017 the C-Line, a ‘new generation of cruisers’ was launched with the C57. The range has grown to also include the Bavaria C45, C50 and C65, Bavaria’s flagship, that was launched in January.
The company is expected to continue to build and deliver all of its current orders. It is believed new financial backing is being sought after its US backers withdrew their support.
Last year Bavaria Yachts was awarded the Innovation in a Production Process at the METSTRADE Boatbuilder Awards for its modular construction techniques. The judges recognised the very widespread use of the company’s off-hull manufacturing techniques.
A statement from Bavaria is expected imminently.
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