Company: Quick Group, Xenta Systems
Business Type: Marine Electronics
UK & International Business Sales and M&A News
Quick Group, the Italian marine equipment manufacturer, has signed an agreement to acquire 100 per cent of Italian marine electronics firm Xenta Systems, for an undisclosed sum.
The Italian marine electronics firm XENTA develops and produces a complete range of technologically advanced integrated control systems to boost performance, reliability and safety of boats, including electronic throttles, electro-hydraulic steering systems, joysticks, and remote control systems.
Xenta was founded in 2004 when Stefano Bertazzoni and Lorenzo Mongiardo launched the first joystick steering system for yachts, and now offers a complete product range for boats of all types. Its control systems incorporate both hardware and software to guarantee superior performance and reliability when manoeuvring or navigating.
Mongiardo said:
“I am proud of this operation and of being able to continue to carry out the entrepreneurial project of Xenta within a group like Quick, which integrates perfectly with our characteristics, certain that the group’s strategic and product vision can enhance them.”
Lorenzo Mongiardo - Co-founder of Xenta
Quick was founded in 1983 by the Marzucco family, and specialises in sales, installation and after-sales management of marine electronics, refrigeration, air conditioning, heating and electrical systems. All of its products are designed, produced, assembled and tested in its HQ in Ravenna, Italy, Products include anchoring systems and capstans, thrusters and stabilisers, components for hydraulic systems and marine lighting. Fondo Italiano d’Investimento SGR and Armònia SGR acquired a majority stake in the business in August last year.
Michele Marzucco, CEO of Quick, says Xenta’s technical skills will boost the technological development of the group’s commercial portfolio. He said:
“The acquisition represents a major strategic opportunity, paving the way for increasingly innovative and efficient solutions for our customer portfolio and the entire nautical world.
“Creating new commercial and production synergies, benefiting from Xenta’s position as a strategic technological hub, gives strength to the group’s path of expansion and consolidation already begun this spring with the acquisition of Sanguineti, which aims to create the ‘one-stop-shop’ of international shipbuilding, capable of offering a complete integrated system at the forefront of technology.”
Michele Marzucco – CEO of Quick
Bertazzoni and Mongiardo will reinvest in Quick, with the intention of providing managerial continuity and to stimulate the technological innovation of the group’s commercial offer.
Bertazzoni, co-founder of Xenta, concluded:
“I am proud to be part of the Quick Group with whom I share the vision and strategic choices for the future. I believe that the combination of two such complementary companies can bring a great development in terms of integration of existing products, commercial synergies and, in the near future, the introduction of new products.
“The common goal is to affirm definitively the concept of [an] integrated control system that Xenta has launched some years ago, and with Quick Group, it can be definitively asserted on the market.”
Stefano Bertazzoni – Co-founder of Xenta
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