Quick Group announces acquisition of Xenta

Quick Group, international leader in the nautical equipment sector, owned by Fondo Italiano d'Investimento SGR, Armònia SGR and the Marzucco family, has signed an agreement to acquire 100% of Xenta Systems S.r.l., a company specialized in the development and production of integrated control systems for yachts and superyachts, such as electronic diesel, electric and hybrid propulsion control systems, electronic steering systems with electro-hydraulic actuation, maneuvering systems (also assisted), position-holding systems, stability control systems and remote control.

Xenta, founded in Rome in 2004, has gained advanced expertise in developing sophisticated software that enhances the intelligence and connectivity of on board hardware, thereby optimizing the boat's maneuvering and navigation. Thanks to its technological know-how, the Company has gained a strategic role in the implementation of complex solutions in the segment of shaft line propulsion (shaft line sector), surface drive and waterjet, which represent a standard for boats longer than 60 feet. Xenta’s technical skills will also lead to a significant boost in the technological development of the Group’s commercial portfolio, in an evolutionary perspective that will allow it to offer to the market integrated solutions for the control and stabilization of the boat. Stefano Bertazzoni and Lorenzo Mongiardo, shareholders of Xenta, will reinvest in Quick, with the intention of providing managerial continuity and stimulate the technological innovation of the Group’s commercial offer.

“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, Founder and Sole Administrator of Xenta.

“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 integrated control system that the Xenta has launched some years ago and with Quick group it can be definitively asserted on the market.” Stefano Bertazzoni, Founder of Xenta.

“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.” confirms Michele Marzucco, CEO of Quick.