Quick Group acquires Italian marine electronics firm

Italian marine equipment manufacturer Quick Group has agreed to acquire 100 per cent of Italian marine electronics firm Xenta Systems.

Xenta specialises in the development and production of integrated control systems for yachts and superyachts, such as electronic diesel, electric and hybrid propulsion control systems, electronic steering systems with electro-hydraulic actuation, manoeuvring systems (also assisted), position-holding systems, stability control systems and remote control.

Xenta, founded in Rome in 2004, has developed software that enhances the intelligence and connectivity of onboard hardware, designed to optimise a boat’s manoeuvring and navigation.

Quick Group says Xenta’s technical skills will also boost the technological development of the group’s commercial portfolio.

Quick Group is owned by Fondo Italiano d’Investimento SGR, Armònia SGR and the Marzucco family. Stefano Bertazzoni and Lorenzo Mongiardo, shareholders of Xenta, will reinvest in Quick.

“I am proud of this operation and of being able to continue to carry out the entrepreneurial project of Xenta within a group like Quick, which integrates perfectly with our characteristics, certain that the group’s strategic and product vision can enhance them,” says Lorenzo Mongiardo, co-founder and sole administrator of Xenta.

Stefano Bertazzoni, co-founder of Xenta, adds: “I am proud to be part of the Quick Group with whom I share the vision and strategic choices for the future. I believe that the combination of two such complementary companies can bring a great development in terms of integration of existing products, commercial synergies and, in the near future, the introduction of new products.

“The common goal is to affirm definitively the concept of [an] integrated control system that Xenta has launched some years ago, and with Quick Group, it can be definitively asserted on the market.”

Last month, MIN reported that Quick Group had reorganised its top management to support its continuing global growth, following its acquisition of superyacht equipment manufacturer Sanguineti.

Michele Marzucco, CEO of Quick, adds: “The acquisition represents a major strategic opportunity, paving the way for increasingly innovative and efficient solutions for our customer portfolio and the entire nautical world.

“Creating new commercial and production synergies, benefiting from Xenta’s position as a strategic technological hub, gives strength to the group’s path of expansion and consolidation already begun this spring with the acquisition of Sanguineti, which aims to create the ‘one-stop-shop’ of international shipbuilding, capable of offering a complete integrated system at the forefront of technology.”

Main image: Pershing 8X. All images courtesy of Xenta Systems.