Yanmar Group acquires VETUS

Yanmar Group manufactures diesel engines for please craft and commerical marine vessels Yanmar Group manufactures diesel engines for please craft and commerical marine vessels

Global marine engine and equipment manufacturer, Yanmar Group, has acquired Netherlands based marine equipment producer, VETUS.

VETUS, which manufactures boat equipment systems in-house for pleasure craft and small commercial vessels, is owned entirely by Yanmar. The company will retain its brand name and current business line, including engines.

Yanmar says it hopes the acquisition will strengthen its footprint in the marine industry. Brands of the VETUS Group, Maxwell and Marex, will also help Yanmar strengthen its presence in the sail and powerboat markets, as well as the superyacht industry.

Geert Jan Mantel, CEO of Yanmar Europe, said: “We expect this merger to be profitable for both brands. Together, we will be able to further strengthen our presence in the leisure craft market and fill in each other’s ‘gaps’. In today’s stagnating economy, we both see partnership as one of the best strategic ways to grow.”

Marcel Borsboom, CEO of VETUS, added: “VETUS is proud to become a member of the Yanmar group of companies. Together, we will create a powerhouse in the industry, from which all our customers and the marine sector in general will benefit. Being two strong, profitable companies, we enter the future with great confidence.”

Latest Press Releases

Damen’s first Fishing Seminar success as new leasing fund welcomed by South African fishing community

Damen’s first Fishing Seminar, held in Cape Town, was heralded a great success, with more than 60 pa... Read more

Naviera Integral signs contract with Damen for its 15th Fast Crew Supplier FCS 5009

Leading Mexican offshore contractor Naviera Integral has signed a contract with the Damen Shipyards ... Read more

Société Nouvelle de Remorquage et de Travaux Maritimes signs contract with Damen Shipyards Group

Damen Shipyards Group has recently signed a contract with Société de Remorquage et de Travaux Mariti... Read more

Damen holds surplus material auction as part of sustainability drive

Damen Shipyards Group’s commitment to sustainability sees the company regularly considering new init... Read more

Damen announces new service accommodation and transfer vessel

Damen Shipyards Group has recently announced a new design. The Fast Crew Supplier (FCS) 3410 service... Read more

View all