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 hosts keel-laying celebration for Hanson’s Marine Aggregate Dredger

On 3rd October, Damen Shipyards Galati hosted a celebration marking the keel-laying of a Damen Marin... Read more

Close Collaboration Between Strathclyde University and Datum Electronics To Propel New Condition Monitoring Technology

We are pleased to announce a new Knowledge Transfer Partnership (KTP) with Strathclyde University, a... Read more

Albwardy Damen wins Shipyard of the Year Award at the 16th Seatrade Maritime Awards Middle East

Albwardy Damen has been presented with the Shipyard of the Year Award at a glittering ceremony that ... Read more

Damen signs with Port Authority of Jamaica for Utility Vessel 3911

On 21st August, Damen Shipyards Group signed a contract with the Port Authority of Jamaica (PAJAM) f... Read more

Damen completes maintenance work on Innovation at Damen Verolme Rotterdam

Heavy-lift jack-up vessel Innovation, one of DEME’s DP2 installation vessels, left Damen Verolme Rot... Read more

SAAM Towage contracts Damen for delivery of tug vessel

In August 2019 Damen Shipyards Group signed a contract with SAAM Towage for the delivery of an ASD T... Read more

View all