Strategic partnership enables growth
Almere, 4 April 2013 – Yanmar is very pleased to announce that VETUS
has joined the Yanmar Group as of 1 January 2013. VETUS is a well-known
player in the international market for its in-house engineered boat
equipment systems. By VETUS joining the group, Yanmar has acquired a
serious partner to further increase its footprint in the marine
industry.
Geert Jan Mantel, CEO of Yanmar Europe: “We expect this merger to be
profitable for both brands. Together, we will be able to further
strengthen our
presence in the leisure craft market and fill in each
other’s ‘gaps’. In today’s stagnating economy, we both see partnership
as one of the best strategic ways to grow.”
Marcel Borsboom, CEO of VETUS, adds: “VETUS is proud to become a
member of the Yanmar group of companies. Together, we will create a
powerhouse in the industry, from which all our customers and the marine
sector in general will benefit. Being two strong, profitable companies,
we enter the future with great confidence.”
There is a lot of synergy between Yanmar and VETUS already. Coming
from the same industry, both companies share the same philosophy of
really listening to their customers. They both have developed an
extensive sales and service network over many years of operation, and
both companies are present in many countries worldwide. Last but not
least: while Yanmar celebrated its 100th anniversary in 2012 and VETUS will have its 50th in 2014, they
combine over 150 years of engineering knowledge and experience.
About VETUS
Based in Schiedam, The Netherlands, VETUS has been one of the world’s
leading companies in innovative products for pleasure crafts and small
commercial
vessels for almost 50 years. Currently, VETUS products are sold in over
100 countries. VETUS will be 100% owned by Yanmar, but will retain its
brand name and all its current business lines, including engines. The
well-known brand will continue to be developed separately and
independently.
Maxwell (anchoring systems) and Marex (custom made windows) brands
are part of the international VETUS Group. Maxwell’s unique products
will also help Yanmar to strengthen its presence in the sail and
powerboat markets and the super yacht industry.
About Yanmar
Yanmar has a global workforce of over 15,000 and a sales network
operating in more than 130 countries. Yanmar designs and manufactures
diesel
engines, accessories and finishing equipment for a wide range
of applications in pleasure craft and commercial marine vessels, for
industrial use,
agricultural machinery, construction equipment and
cogeneration power systems. The company has pioneered clean emissions
technology and sustainable energy systems. In Europe, Yanmar employs
around 600 people and generates annual sales of approximately Euro 800
million.