The Asian market is a key element for boating and San Lorenzo yacht he wants to enter it directly, without intermediaries. He thus subscribed to Hong Kong a non-binding memorandum of understanding, with Mike Simpson to evaluate the Company's entry into the Simpson Marine Group and in other related companies. With 40 years of history, Simpson Marine is a nautical broker with a network of 12 showrooms and 10 service centers covering the entire Far East market, including China, with Hong Kong, Shanghai and Sanya, Singapore, Malaysia, Indonesia.
“The acquisition operation would allow Sanlorenzo to increase its direct presence in a territory of strategic importance such as the Pacific area” says a note from the world leader group in the luxury yachting sector.
The stock on Piazza Affari rises by 3,15% to 40,95 euros, after totaling a gain of around 26% in the last six months. On a weekly basis, the stock's trend is more solid than that of the FTSE Italia Mid Cap.
M&A of Sanlorenzo in two directions
Sanlorenzo, which has 4 shipyards between La Spezia and Upper Tuscany with 3 business divisions, also has a High-End Services unit, through which it offers a range of dedicated services to its customers. The company has recently been moving along two directives, on the one hand the acquisition of companies, such as Simpson Marine, to be present directly in strategic markets: this was the case with North America, with the Balearic Islands and soon also with Monaco. On the other, with the acquisition of highly specialized companies, synergic with production: at the end of March, Sanlorenzo acquired 49% di Sea Energy, a company that deals with the design, production and installation of naval electrical and electronic systems.
The other major luxury yacht manufacturer is listed in Hong Kong, Ferretti, which in these weeks is also organizing the listing of the Milan Stock Exchange. To date, 28% of Ferretti's capital is listed on the Hong Kong Stock Exchange, the Chinese of Weichai hold 64% and Piero Ferrari the remaining 8%.
