Exel Industries takes control of Experton Revollier shipyards
The pleasure boat builders Wauquiez, Rhea Marine and Tofinou, as well as the company Ettore Yachting Méditerranée are changing hands. Previously part of the Experton Revollier group's boating division, they have been sold to the French group Exel Industries. New to the yachting industry, the family business is mainly active in the agricultural, gardening and industrial spraying sectors. Founded in 1952, it employs more than 3,500 people in 34 countries. The company is listed on the stock exchange. In its last fiscal year, it posted a turnover of 754 Meuros.
A nautical pole structured around niche boats
If the group's communication does not mention the recently created brand around water skiing, a field where the Experton Revollier group, Exel Industries takes over through the transaction 3 well identified brands in the yachting. Bought successively in 2011 for Wauquiez sailboats, in 2015 for Latitude 46, the shipyard builder of Tofinou, and in 2018 for Rhea Marine motorboats, they constitute a coherent whole, in the niche markets of high-end yachting. The Ettore Yachting base in Port Camargue offers a technical base and a location in the Mediterranean, alongside the production sites in La Rochelle and Neuville en Ferrain. The group employs around 100 people and will have a turnover of 15 million euros by 2021.
