Vision Marine Technologies Acquires Nautical Ventures to Pioneer Integrated Electric Boat Dealership in North America
TL;DR
Vision Marine Technologies acquires Nautical Ventures Group, creating a competitive edge by combining electric propulsion with a top dealership network to dominate the electric boating market.
Vision Marine Technologies' acquisition of Nautical Ventures Group integrates E-Motion powertrain technology with a vast retail network, streamlining the path to market for electric boats.
By merging electric propulsion with a leading dealership, Vision Marine Technologies advances sustainable boating, reducing emissions and fostering a cleaner marine environment.
Vision Marine Technologies and Nautical Ventures Group unite, marking a historic step towards electrifying the boating industry with innovative, high-performance solutions.
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Vision Marine Technologies Inc. (NASDAQ: VMAR), a frontrunner in high-voltage electric marine propulsion, has finalized the acquisition of Nautical Ventures Group, a prestigious U.S. boat dealership and the 2024 Boating Industry 'Dealer of the Year'. This strategic acquisition heralds the establishment of North America's inaugural combined electric boat propulsion and dealership platform, integrating Vision Marine's innovative E-Motion(TM) powertrain with Nautical Ventures' comprehensive retail network, inventory, and service infrastructure.
With nine operational locations across Florida and a diverse portfolio featuring renowned brands such as Axopar, Yamaha, and Beneteau, Nautical Ventures offers Vision Marine direct entry into one of the globe's most vibrant boating markets. This acquisition not only enhances Vision Marine's direct-to-consumer capabilities but also introduces expanded revenue streams, setting the stage for nationwide scalability. The transaction, facilitated through a combination of cash, a seller's note, and stock, was expertly advised by ThinkEquity.
This development is pivotal for the recreational marine industry, signaling a shift towards sustainable and high-performance electric propulsion systems. By combining cutting-edge technology with extensive retail and service networks, Vision Marine Technologies Inc. is poised to redefine the boating experience, offering consumers a zero-emission alternative to traditional internal combustion engines. For more details on this transformative acquisition, visit https://ibn.fm/XJnA7.
Curated from InvestorBrandNetwork (IBN)
