One of the world’s most prestigious boat brands has changed hands. Oyster Marine, founded by Richard Matthews 35 years ago, has been bought by private equity firm Balmoral Capital. The company already owns the Italian luxury motoryacht builder Canados. Oyster Marine builds a range of luxury yachts from 45 to 125 feet, and its revenues amount to more than $100 million a year. Matthews will remain as chairman and the existing management team will stay on.
Hanse’s E-Motion Electric Rudder Drive
When news that Hanse Yachts had launched a new form of electric-powered yacht first broke in the winter of 2016, it was widely reported. After all, Hanse is one of the world’s biggest builders of sailing boats, so this had the feeling of a breakthrough to it.After nearly a year, ...read more