Business Type: Boat Builder
UK & International Business Sales and M&A News
The Italian RIB manufacturers Sacs and TecnoRib have announced their merger into a new entity, Sacs Tecnorib.
Both RIB manufacturers have a strong and reputable history of boat manufacturing.
TecnoRib was set up in 2005, with a mission to design, build and distribute a new range of rigid inflatable boats. It now holds the official license of the Pirelli and Pzero brands for inflatable boats, and today the company, with its HQ in Rescaldina, offers vessels between 3 to 19 metres, built entirely in Italy.
The merger with Sacs, based in Roncello, will consolidate the strong growth recorded in recent years and will strengthen the presence of the brands in international markets.
The vision is that the new company Sacs TecnoRib will be a world-leading producer of Maxi Ribs and one of the main players on the Italian boating scene, with turnover for the current year forecast to exceed 45 million euros.
Matteo Magni, President of Sacs TecnoRib, sees the merger as a continuation of strategic vision between the two businesses.
He commented:
“Our objective was to integrate the two companies in an industrial operation without external financial contribution.
“The objective is to create operational synergies that consolidate the growth path individually undertaken by the two players, laying the foundations for them to seize new opportunities and challenges together.”
Matteo Magni – President of Sacs TecnoRib
Sacs TecnoRib’s CEO, Giovanni De Bonis, is confident that it is a time for structured growth.
He said:
“Sacs and TecnoRib will integrate their know-how, while maintaining their distinct and complementary product lines.
“Synergies will be realised in production sites, design and production processes, and research and development. The brands will remain distinct, as will the respective sales networks.”
Giovanni De Bonis - CEO of Sacs TecnoRib
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