Give or treat yourself to a subscription to Boats in Motion print + digital and for only 39 euros a year you get the magazine at home plus read it on your PC, smartphone and tablet. With a sea of advantages.
Nuo, a holding company 49.7 percent owned by the Agnelli family through Exor, invests in boating by entering a 32 percent stake in Sacs Tecnorib. Surrounding the partnership is a €12 million development plan.
There is one sector in boating that seems to know no slowing down: it is that of maxi-dinghies. Fast, powerful and appreciated all over the world, ribs are a very interesting investment opportunity because they attract large shipowners willing to spend even large sums of money on these extra-luxury boats. Italy in this is an absolute protagonist and Sacs Tecnorib an excellence. This concomitance has not gone unnoticed and the Nuo holding company has decided to be in the game.
A 32 percent stake in Sacs Tecnorib is now in the hands of Nuo, a holding company owned 49.7 percent by the Agnelli family through Exor and 49.7 percent by the Chinese Pao Cheng family and 0.5 percent by Tommaso Paoli. After all, Sacs Tecnorib, a company created in 2021 by the merger of Sacs and Tecnorib, achieved a value of production of more than 70 million euros (70 percent for foreign) in the last financial year. The CAGR (compound annual growth rate) has stood at 25 percent over the past three years. Driving production are the top brands and models such as those in the Strider and Rebel range for Sacs and the Pirelli-branded Speedboats for which Tecnorib is a licensee.
The partnership aims to strengthen the position in the European brand market by adding an internationalization process, particularly in the U.S., which is still unexplored for maxi-ribs. At the same time, acquisitions of complementary brands could also come out of this partnership. The agreement calls for a minority stake sale by the current partners with Matteo Magni continuing to retain control of the company. At the helm, the two founding partners will remain: Matteo Magni, precisely, who will also assume the position of CEO in addition to his current position as chairman-and Giovanni “Gianni” De Bonis.
Venchi, Montura, SCARPA are just some of the brands in the portfolio of Nuo, of which Tommaso Paoli is CEO. The goal is to bring Sacs Tecnorib to establish itself as a “super-power” of maxi-ribs – and not only – at the international level. NUO, in this, will play by using its expertise and relationships to support the company in international development, as well as in M&A (mergers and acquisitions) transactions to further enlarge and consolidate the company. “NUO will play,” says Tommaso Paoli, CEO of NUO, “ using its expertise and relationships to support the company in international development, in the discipline of good governance, as well as in M&A transactions to enable the entrepreneurs and the team to achieve their long-term ambitions. “It is not yet clear who they will “target,” but from what Paoli says, it certainly seems that Sacs Tecnorib is “hunting” for brands and not only in the high-end inflatable boat sector.
You may be interested in:
Eredità Agnelli. Le 10 barche a motore più belle dell’Avvocato
Sign up for our Newsletter
Powerboats, its stories, from small open to motoryachts. Sign up now for our free newsletter and receive the best news selected by the editorial staff each week. Enter your email below, agree to the Privacy Policy and click the “sign me up” button.
A boat for those who, even without a mega-yacht, want to take center stage upon arrival at the roadstead. And not with exaggerated engines or flashy liveries, but with the understated charm of classic elegance. Spirit Yachts presents the new
When you set sail on a motorboat, you do not always want to stay within national borders. This is even more true for those border regions that are a handful of miles from foreign countries such as Liguria, Sardinia, Tuscany,
Welcome to the special section “BAM 35 Years.” We are presenting “cult” articles from the Motor Boats archive, starting in 1990. A journey through time among stories unobtainable today, even in the great sea of the internet! A dive into
A superyacht, a prince and a thoroughbred: they are the protagonists of Shergar’s story. It is the 1980s and the Karim Aga Khan (the prince), obsessed with the idea of speed, had the boat built that was to become the
Send us your sea photos and enter history with us! Your pictures will be featured on our “bulletin board” immediately.
