HanseYachts agrees Privilège sale | News | Boating Business

An agreement for the sale of the shareholding in the French subsidiary could soon be approved.SHOW FULLSCREENMarket successSource: Privilège MarineThe Privilège Signature 580 is nominated for the coveted Multihull of the Year Award 2022zoom inzoom outIf approved by the French authorities, HanseYachts is looking at selling the shareholding of the French catamaran manufacturer based in Port Olona, to a consortium including long-time Privilège CEO, Gilles Wagner.“HanseYachts is sincerely pleased that Privilège Marine is sailing back to independence. Both companies have learned a lot from each other. However, as the expected synergy effects could not be realised to the extent hoped for, this strategic step is now the best solution for both sides,” said Hanjo Runde, CEO of HanseYachts AG.Strategic movePrivilège is one of the oldest catamaran brands in the world and builds ocean-going luxury catamarans with sales prices ranging from €1.5 to 7 million.The company was acquired by HanseYachts AG in June 2019, but remained operationally independent.Since the takeover, the entire product range has been completely renewed with corresponding success in the market. In addition to the successful facelift of the Privilège Signature 510, this was followed by a complete new build of the Privilège Signature 580, which is nominated for the coveted Multihull of the Year Award 2022.The Signature 650 and Signature 750, also new models, are already physically under construction. As a result, Privilège’s order book has grown to its current historic high of €57.4 million. “We would like to express our sincere thanks to all employees and the owners of HanseYachts for making it possible to realise new growth for Privilège Marine and thus providing us with this good starting position for a hopeful future in the global catamaran market. The new partners are merchants with experience and also own Privilège catamarans. Their extensive experience in the market and with the product will help to further develop the Privilège brand and its product range,” said Gilles Wagner, CEO Privilège Marine.A decision on the corresponding share purchase agreement fo the sale is expected to be concluded in July 2022, HanseYachts then expects the transaction to be executed by October 2022 at the latest.Meanwhile, the remaining three HanseYachts locations in Germany and Poland are being continuously expanded.Even without Privilège, HanseYachts AG said it currently has the highest order book in the company’s history with €272.9 million. It’s already planning a new Hanse, a Dehler and a large new Fjord model each for the summer, with a new Moody model to follow in the winter.

Source: HanseYachts agrees Privilège sale | News | Boating Business

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