Industry News – Page 21
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MarineMax revenue at record levels
Revenue at MarineMax has grown 37% to US$2.06 billion in the past year, driven primarily by the success of its strategic acquisitions.
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Orolia acquires Seven Solutions and enhances PNT offering
Positioning, navigation and timing (PNT) solutions company, Orolia, is acquiring Seven Solutions, a specialist in White Rabbit sub-nanosecond time transfer and synchronisation technology.
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Carling Technologies to be sold
Littlefuse has entered into a definitive agreement to buy switching, circuit protection, and power distribution technologies company, Carling Technologies, for $315 million in cash, subject to a working capital adjustment.
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Princess Yachts pleads guilty to HSE breaches
Princess Yachts has pleaded guilty to health and safety failures and fined £200,000
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Sailing charity to be dissolved
The John Merricks Sailing Trust is to be dissolved - on the 25th anniversary of John Merricks death
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Lifejacket contributes to teen's death
The Marine Accident Investigation Branch has published its report into the death of a teenager on board a motor cruiser in Cornwall, highlighting the need for boat owners to undertake adequate training.
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Boat rental marketplace launches crowdfunder
Boat rental and yacht charter marketplace, Borrow A Boat, has launched a £750,000 crowdfunding campaign to make boating more accessible, affordable and inclusive.
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Princess remains on track despite Covid
Princess Yachts remains focused on growth and renewing its product range despite a difficult 2020 caused by the ongoing Covid-19 pandemic.
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Ben Ainslie takes ownership of SailGP team
The British SailGP team has become the first of the eight SailGP teams to become a third party-owned franchise with Olympic sailor and America’s Cup winner, Sir Ben Ainslie, taking the majority share.
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Brunswick completes Navico acquisition
Brunswick Corporation has completed its acquisition of marine electronics and sensors manufacturer Navico for US$1.05 billion.
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INEOS Britannia team unveiled
INEOS Britannia has announced its core team to lead the British challenge for the 37th America’s Cup.
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MAIB shares safety lessons learned
The Marine Accident Investigation Branch has issued a raft of safety reminders and recommendations to help keep recreational boaters safe on the water.
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UK bookings increase by 94% in 2021
Boat rental platform Click&Boat has concluded a record season with Summer bookings (June to August) in 2021 for all of its markets higher than all of 2019 or 2020.
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Groupe Bénéteau finalises investment
Groupe Bénéteau together with Private financial group, PPF Group, has finalised its investment in Dream Yacht Group.
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Sunseeker awards supply chain heroes
Sunseeker has announced the winners of the Sunseeker Supplier Awards 2021, in recognition and celebration of outstanding achievements in the supply chain.
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Kevin Mole Outboards is sold
Kevin Mole Outboards has been sold, with the new owners planning to develop and expand the business.
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UK govt agencies collaborate on water safety
The Health and Safety Executive, Maritime and Coastguard Agency and Marine Accident Investigation Branch have agreed to work together to ensure the safety of everyone accessing the UK’s inshore, offshore and inland waterways.
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Autonomous vessel control systems deal
In what could prove revolutionary for the yachting industry, Rolls-Royce and Sea Machines Robotics have teamed up to deliver remote command, autonomous control and intelligent crew support systems.