Sanlorenzo acquires stake in marine electronics firm

Italian boatbuilder Sanlorenzo has acquired 49 per cent of the share capital of Sea Energy, an Italian company specialising in the design, production and installation of electronics and electrical systems for the yachting sector.

Sanlorenzo says the deal, which is worth almost €2.7 million, is ‘strategically important’ and will help the firm continue in its ‘path of verticalisation’ of its key suppliers.

“I am glad to announce the investment of Sanlorenzo in Sea Energy, a strategic partner, which allows us to reach a further step in strengthening the supply chain,” says Massimo Perotti, chairman and chief executive of Sanlorenzo.

He adds: “Sea Energy, in the last few years, has also developed a significant experience in the field of electric and hybrid propulsion; this know-how is fully consistent with our ‘Road to 2030‘ vision to develop innovative and sustainable technologies able to revolutionise yachting. I am sure that the contribution of Sea Energy will be valuable in this path.”

In February 2023, Sanlorenzo held a press conference at the Boot Düsseldorf show, giving an update on progress on the shipyard’s ten-year Road to 2030 strategic plan, which has a major focus on sustainability and innovation.

Italian law firm Musumeci, Altara, Desana and Associates assisted Sanlorenzo on the legal due diligence and the negotiation of contractual aspects, with Andersen Italia assisting with the accounting and fiscal due diligence.