Catana Group acquires naval mythical Magic Yachts shipyard
Catana Group, world number three market of recreational catamarans, strengthens its industrial organization, by taking control of Magic Yachts shipyard in Bizerte, Tunisia, created in 1999 by Wally and specializes in yacht building.
While the Paris Boat Show 2019 in full swing, the surprise came this morning’s announcement Catana Group, manufacturer of Bali and Catana catamarans, the Magic Yachts takeover.
This acquisition comes for the French group after 5 years average annual growth of 50% a year from 2019 to 2020 showing an order book which should enable it to exceed the threshold of EUR 100 million turnover.
Magic is a mythical Yachts shipyard, established in 1999 by Wally in Bizerte, the builder of sailboats and yachts of great luxury in Monaco and bought in 2012 by a consortium of Italian entrepreneurs
Located in the free zone of Bizerte, Magic Yachts has an exceptional industrial site by the sea of almost 30 000 m2, of which more than 10 000 m2 of modern buildings and an experienced workforce.
The expertise of Magic Yachts is renowned in all areas of high-end boat building (sailboats and motorboats up to 40 meters, including catamarans), mastery of all composite technology (infusion, injection , cooking pre-impregnated, epoxy, carbon), modeling, tools, carpentry, steel, refit vessels up to 45 meters, etc.
Why Catana Group acquires Magic Yachts
The redemption Magic Yachts occurs in a context of strong output growth for Catana Group, including Bali ranges and Catana meet a big success, which has already invested nearly $ 10 million this year on its three current locations Canet in Roussillon, Marans and El Haouaria (Haco – Tunisia).
There are 7 months Catana Group announced its intention to open a new plant in Canet-en-Roussillon.
However, it seems that the issue of negotiations with the community to find the required surfaces nautical pole induced delays, difficulties in recruiting qualified staff and very significant increase in the tax on industrial activities, have weighed on the choice of the manufacturer.
In fact, the existing site Canet-en-Roussillon that produces nearly half of the Group catamarans, will be optimized in the months ahead, thus doubling the amount of units produced in the historic range Catana.
The search for a large existing production tool had thus become the solution to meet the production needs of the Bali range including the highly innovative concept provides a strong increase in market share for several years.
Two companies that are familiar
Catana Group and Magic Yachts familiar, working together for several months, for the realization of models and molds.
A collaboration that has undoubtedly facilitated the establishment of the foundation for a more ambitious joint project with Francesco Campana who led the project since 2003 and will remain permanently involved in the business.
Following the agreement signed, Catana Group will acquire 75% stake in Magic Yachts through the company Haco, Tunisian production subsidiary of the French group, which already provides 20% of the Group’s production.
This acquisition will be final after the lifting of the last suspensive conditions, no later than the end of March 2020, but the collaboration between the two companies has already intensified.