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.
Latest Press Releases
Leading Audio Manufacturer Unveils Groundbreaking RA770 and SRX400 Audio Entertainment Systems Read more
Leading Audio Manufacturer Announces Powerful Plug and Play Solution with Bluetooth Streaming Read more
Lithium-ion battery expert Dr John Warner is presenting at the NEXT GENERATION Marine Power & Propul... Read more
Hosting four regional trade shows over seven days and covering nearly 1,400 miles is not for the fei... Read more
SMG are delighted to be launching SMG Meet The Manufacturers 2018. This Trade Only event for the Mar... Read more
February 2018 Fareham UK - Mercator Media Ltd, the international, market-leading B2B marine media bu... Read more