Fincantieri invests in Camper & Nicholsons International

(AGI) Rome, May 22 - Italian shipbuilding company Fincantierihas signed a deal to acquire a minority stake in Camper &Nicholsons International's via a capital increase. Camper &Nicholsons is a global leader in activities related to luxuryyachting. The deal includes the possibility for Fincantieri toincrease its stake in the future. "The investment consolidatesthe presence of both companies in the larger yacht segment andconfirms Fincantieri's strategic interest in an area in whichit has devoted substantial resources and achieved significantresults since creation of the group's specialty division,Fincantieri Yachts," the companies said in a

(AGI) Rome, May 22 - Italian shipbuilding company Fincantierihas signed a deal to acquire a minority stake in Camper &Nicholsons International's via a capital increase. Camper &Nicholsons is a global leader in activities related to luxuryyachting. The deal includes the possibility for Fincantieri toincrease its stake in the future. "The investment consolidatesthe presence of both companies in the larger yacht segment andconfirms Fincantieri's strategic interest in an area in whichit has devoted substantial resources and achieved significantresults since creation of the group's specialty division,Fincantieri Yachts," the companies said in a statement."Drawing on Fincantieri's 230 years of expertise inshipbuilding, Fincantieri's yacht division offers unparalleledlevels of design, styling and quality in the build ofmegayachts. Fincantieri and Camper & Nicholsons have alreadyestablished an excellent relationship through the build of twomegayachts, including the 134-metre Serene and the 140-metreOcean Victory. Delivered in 2011 and 2014 respectively, Sereneand Ocean Victory are representative among the most innovativeand technologically advanced megayachts ever built. With theinvestment in Camper & Nicholsons, Fincantieri aims tostrengthen its leadership in the new build sector." "Acquiringa stake in a company of Camper & Nicholson caliber has asignificant strategic value," Fincantieri's CEO Giuseppe Bonostated. "From today we are among the first shipbuilders todirectly oversee the promising megayachts market segment. Ourpresence will cover the entire range of activities typical forthis business, from sales and marketing to life cyclemanagement of these very special units. This partnership willallow us to extend our skills and therefore to furtherstrengthen our role in a segment which guarantees attractivemargins." "In only nine months of ownership, we went on toacquire the Camper & Nicholsons brand and are now delighted towelcome such a strong investment partner, as Fincantieri,"Camper & Nicholsons International's Executive ChairmanGualtiero Giori commented. "Both companies share similarly longand proud histories yet remain leaders in our respectivesectors today. We look forward to their support in takingCamper & Nicholsons to even greater heights of success in theyears to come." (AGI) . .