HanseYachts Aktiengesellschaft obtains put option for selling shareholding in French subsidiary - Seite 2

Privilège is one of the oldest catamaran brands in the world and builds ocean-going luxury catamarans with sales prices ranging from 1.5 to 7 million euros (without VAT). The company was acquired by HanseYachts AG in June 2019, but remained operationally independent. Since the takeover, the entire product range has been completely renewed and great success has been achieved on the market as a result. In addition to the successful facelift of the Privilège Signature 510, this was followed by a complete new build of the Privilège Signature 580, which is nominated for the coveted Multihull of the Year Award 2022. The Signature 650 and Signature 750, also new models, are already physically under construction. As a result, Privilège's order book has grown to its current historic high of EUR 57.4 million. Privilège currently employs 250 boat builders and skilled workers.

"We would like to express our sincere thanks to all employees and the owners of HanseYachts for making it possible to realize new growth for Privilège Marine and thus providing us with this good starting position for a hopeful future in the global catamaran market. The new partners are merchants with experience and also own Privilège catamarans. Their extensive experience in the market and with the product will help to further develop the Privilège brand and its product range," says Gilles Wagner, CEO Privilège Marine.

"HanseYachts is sincerely pleased that Privilège Marine is sailing back to independence. Both companies have learned a lot from each other. However, as the expected synergy effects could not be realized to the extent hoped for, this strategic step is now the best solution for both sides. In the future, HanseYachts will focus on the remaining six brands, which also have historically high order backlogs and are facing a period of profitable growth," says Hanjo Runde, CEO of HanseYachts AG.

The remaining three HanseYachts locations in Germany and Poland are being continuously expanded. Even without Privilège, HanseYachts AG has the highest order book in the company's history with 272.9 million euros. HanseYachts is already planning a new Hanse, a Dehler and a large new Fjord model each for the summer, with a new Moody model to follow in the winter.