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EXEL Industries continues to diversify into shipbuilding with the acquisition of the WAUQUIEZ, RHEA and TOFINOU Shipyards
Exel Industrie
Description

 

As part of its continued diversification, EXEL Industries announces the acquisition on September 30th, 2021 of the WAUQUIEZ, RHEA-MARINE and TOFINOU shipyards, as well as the Mediterranean ETTORE-YACHTING technical base sold by the EXPERTON-REVOLLIER Group.

This pool of brands spread over three sites in France (Neuville en Ferrain, La Rochelle and Port Camargue) is set to generate sales of around €15 million in 2021 and has roughly 100 employees.

EXEL Industries is constantly seeking to diversify, and this shipbuilding activity fits perfectly into that perspective. The markets in which the WAUQUIEZ, RHEA MARINE and TOFINOU brands operate have different cycles from the Group’s traditional markets and will increase its stability.

These companies operate in B2B2C and B2C configurations, and have national reach as well as an export footprint.

The strong identity of their products gives each brand an established reputation in their specific markets.

This new acquisition is in line with the skills that have made the Group so successful, namely the high technicity of its products, small and medium series production and mastery of the entire value chain: R&D, production, distribution and associated services.

Euronext Paris, SRD Long only – compartment B (Mid Cap) / EnterNext© PEA-PME 150 index (Mnemo EXE/ISIN FR0004527638)

 

EXEL Industries is a French family group, which ambition is to design, manufacture and market capital equipment and associated services enabling its customers to improve efficiency and productivity, or to contribute to the pleasures of life, while achieving their ESG objectives. EXEL Industries employs over 3,500 people spread across 34 countries and five continents. www.exel-industries.com

Euronext Paris, SRD Long only – compartment B (Mid Cap) / EnterNext © PEA-PME 150 (Mnemo EXE / ISIN FR0004527638)

 

Wauquiez is an emblematic manufacturer of top-of-the-range, French-style sailing yachts. Since 1965, Wauquiez has been building efficient, comfortable oceangoing fast cruisers designed to last. www.wauquiez.com

Rhéa-Marine is a unique and well-established shipyard located in La Rochelle, manufacturer of neo-retro motorboats since the 1990s. Crafted with timeless lines, their vintage style is characterized by a flared bow and a tumblehome, and it reveals a perfect blend of modernity and with a true sense of marine vocation. www.rhéa-marine.fr

Tofinou is the iconic brand of Ré Island, manufacturing locally since 1987 luxury dayboats of absolute elegance. Perfect match of classicism and high technology, Tofinou boats are designed for pure sensations, and offer comfortable and performing sailing experience, for family sailing as well as class regattas. www.Tofinou.com

Date
  • 30-09-2021