Company: ePropulsion, ePropulsion UK
Business Type: Equipment Distributor, Marine Electronics
UK & International Business Sales and M&A News
ePropulsion, which deals in electric motors and outboards for sailboats, fishing boats and tenders, has become the majority shareholder of ePropulsion UK, its distributor for electric marine products.
The acquisition of the electric marine products distributor will enable ePropulsion to have closer collaboration with the UK dealer network from its base in Hamble, Hampshire, and will expand its OEM capabilities and market exposure in the UK.
Managing Director for ePropulsion UK Steve Bruce who, with his team, has recently added 15 new dealers to the business, will become Global OEM Sales Director, reporting directly to ePropulsion CEO Danny Tao.
Tao sees the acquisition as a time to expand distribution.
He commented:
“ePropulsion UK has been a driving force in our expansion and robust offering in the United Kingdom.
“We’ve worked closely with Steve and his team for a number of years and are extremely pleased to continue the relationship and collaborate on a closer level as we continue to strengthen our distribution across key markets.”
Danny Tao - ePropulsion CEO
Bruce is optimistic about the development opportunities.
He said:
“The team here at ePropulsion UK are very excited about the merger and our new role as Group OEM Division. ePropulsion UK is ideally located on the River Hamble with showroom and workshop facilities in what is fast becoming the UK epicentre of electric boating.
“Following on from the rapid growth we have experienced here in recent years, through our network of authorised boatbuilders, dealers and installation/service agents, we look forward to developing the ePropulsion offering for boatbuilders around the world.”
Steve Bruce - Global OEM Sales Director of ePropulsion UK
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