Fountaine Pajot Group confirms acquisition of Majority Stake in the Yacht Sales Co
by The Yacht Sales Co. & Multihull Solutions 4 Nov 2024 19:04 NZDT
The Yacht Sales Co. team © The Yacht Sales Co. & Multihull Solutions
The Yacht Sales Co. and the Fountaine Pajot Group have announced a joint venture in a significant move that will see the two leading companies expand their presence in the Asia Pacific region.
In late October 2024, the Fountaine Pajot Group finalised its acquisition of a majority stake in The Yacht Sales Co. with the development representing exciting prospects for the companies.
Encompassing Fountaine Pajot Sailing Catamarans, Fountaine Pajot Motor Yachts and Dufour Yachts, the Fountaine Pajot Group is the world's leading manufacturer of cruising yachts and catamarans. The French-based Group recorded sales of €350 million for the 2023/2024 financial year, representing a 26.9% growth on the previous year.
The Yacht Sales Co. is Asia Pacific's leader in new and quality pre-owned yacht sales with 15 sales locations across 11 countries in the region. Formerly Multihull Solutions, The Yacht Sales Co. represents the Fountaine Pajot Group's brands, as well as ILIAD Catamarans, Absolute Yachts, Maritimo, NEEL Trimarans, LEEN Trimarans and Cora Catamarans. The company also operates a highly successful pre-owned Brokerage division that consistently delivers outstanding sales results.
The partnership of the two companies follows a long and successful collaboration between The Yacht Sales Co. CEO Mark Elkington and the Fountaine Pajot Group that spans more than 25 years.
The Yacht Sales Co. CEO Mark Elkington said the partnership was an exciting step in the company's strategy to expand its service offerings throughout the Asia Pacific market.
"The Fountaine Pajot Group's investment in our company is gratifying as it not only recognises the decades of successful collaboration, but it reflects their confidence in our vision to become the industry leader in sales and service excellence throughout the Asia Pacific region," Elkington said.
Managing Deputy CEO of the Fountaine Pajot Group Romain Motteau said the joint venture would further strengthen the Group's presence throughout Asia Pacific.
"We are delighted to partner with The Yacht Sales Co. to support its continued growth and are looking forward to a commercial partnership that will help reinforce our regional presence while bringing us closer to our customers," Motteau said.
For further information visit yachtsalesco.com.