Company: HotLab, Viken Group
Business Type: Boat Builder
UK & International Business Sales and M&A News
Viken Group, which offers services to both the cruise line and yachting industries, has acquired the Italian yacht design and architecture firm HotLab.
The acquisition is the latest in a series of strategic partnerships and acquisitions strengthening Viken Group’s global offering of comprehensive design, naval architecture and project management services to both the cruise line and yachting industries.
Established in early 2022, Viken Group, based in Höganäs, was formed by world-renowned design firm Tillberg Design of Sweden (TDoS) and provides a full range of comprehensive design, naval architecture and project management services.
HotLab, the yacht design and naval architecture firm, was founded in Milan in 2004, and is renowned for its award-winning ‘Architecture for Voyagers’ approach, which strikes a balance between functional style and luxury in its superyacht projects.
HotLab joins TDoS and the Italian design and naval architecture firm Thalia Marine under the Viken Group umbrella.
Stefan Nilsson, CEO of Viken Group, stated:
“We are thrilled to welcome HotLab and its employees to Viken Group. HotLab’s Architecture for Voyagers approach is a welcome addition to our group’s global offerings, which also comprise TDoS’s expertise in comprehensive cruise ship and large yacht design, and Thalia Marine’s technical brilliance.
“We are well on our way to realising our vision to be better together for our employees and our clients, while striving for our overall goal of a better tomorrow.”
Stefan Nilsson – CEO of Viken Group
Enrico Lumini, Design Manager at HotLab, commented:
“We have always focused on the quality of our design and on the professionalism of the entire HotLab team. As a proud extension of the Viken Group family, we can only increase both.”
Enrico Lumini – Design Manager at HotLab
The acquisition allows TDoS to maintain its focus on cruise ships and large yachts while continuing to hone its unrivalled expertise in large ship back-of-house operations, meeting SOLAS regulations and cost-effective design solutions.
Madelene Hall, CEO of TDoS, sees the acquisition as a time of overlap for the yacht and cruise ship sector. She said:
“Collaborations between TDoS and HotLab will infuse the DNA of private luxury yacht design into cruise ships, thereby facilitating the design of super luxurious and efficient cruise ships. At the same time, our yacht brand will benefit from the commercial knowledge that we have from decades of experience in the cruise ship segment.”
Madelene Hall – CEO of TDoS
Antonio Romano, Marketing Manager at HotLab, said:
“Becoming part of the Viken Group is something that makes us extremely proud. It is but more demonstration of our accomplishments to date and the promise of the development of even greater projects in the future.”
Antonio Romano – Marketing Manager at HotLab
HotLab will maintain its office and employees in Milan, with company founders Lumini and Romano remaining at the helm.
Daniel Nerhagen, Yacht Director at TDoS, concluded:
“We are well versed in the design and management of large projects and routinely coordinate with a variety of experts in multiple areas, from lighting to naval architecture, to ensure the best possible product for the end users.
“Viken Group’s strategic coordination allows TDoS to continue our exploration and expansion of sustainable design within the simplistic and natural approach that is inherent to our Scandinavian design heritage.”
Daniel Nerhagen – Yacht Director at TDoS
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