Exel Industries continues to diversify into shipbuilding

Exel Industries continues to diversify into shipbuilding

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06/10/2021 - 18:21

As part of its continued diversification, Exel Industries announces the acquisition on September 30th, 2021 of the Wauquiez, Rhea-Marine and Tofinou shipyards, as well as the Mediterranean Ettore-Yachting technical base sold by the Experton-Rrvollier Group.

This pool of brands spread over three sites in France (Neuville en Ferrain, La Rochelle and Port Camargue) is set to generate sales of around €15 million in 2021 and has roughly 100 employees. Exel Industries is constantly seeking to diversify, and this shipbuilding activity fits perfectly into that perspective. The markets in which the Wauquiez, Rhea-Marine and Tofinou brands operate have different cycles from the Group’s traditional markets and will increase its stability.

These companies operate in B2B2C and B2C configurations, and have national reach as well as an export footprint. The strong identity of their products gives each brand an established reputation in their specific markets.

This new acquisition is in line with the skills that have made the Group so successful, namely the high technicity of its products, small and medium series production and mastery of the entire value chain: R&D, production, distribution and associated services.

Euronext Paris, SRD Long only – compartment B (Mid Cap) / EnterNext© PEA-PME 150 index (Mnemo EXE/ISIN FR0004527638)

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