Sanlorenzo acquires a Stake in Sea Energy
by Sanlorenzo 30 Mar 2023 02:42 PDT
Sanlorenzo S.p.A. ("Sanlorenzo" or the "Company") announces the acquisition of a stake in Sea Energy S.r.l. ("Sea Energy"), a company active in the design, production and installation of electronics and electrical systems for the yachting sector.
Sanlorenzo acquired 49% of the share capital of Sea Energy, for a total amount of almost €2.7 million.
This transaction is strategically important for Sanlorenzo, which continues in the path of verticalisation of its key suppliers. In addition, the expertise and experience of Sea Energy will enable Sanlorenzo to benefit from an excellent and highly specialised know-how, aimed at developing projects in line with the sustainability of Sanlorenzo.
The Law Firm Musumeci, Altara, Desana and Associates assisted Sanlorenzo on the legal due diligence and the negotiation of contractual aspects, with a team made up of the name partner Professor and Lawyer Toti S. Musumeci, together with the senior associates Lawyers Francesca Fonzetti, Carlotta Pastore and Leonardo Musumeci. Andersen Italia assisted Sanlorenzo on the accounting and fiscal due diligence. Lawyer Luca Polidori and Mr. Gabriele Dini assisted Sea Energy.
Massimo Perotti, Chairman and Chief Executive Officer of Sanlorenzo, commented:
"I am glad to announce the investment of Sanlorenzo in Sea Energy, a strategic partner, which allows us to reach a further step in strengthening the supply chain. Sea Energy has made innovation technology the key of its success, now representing an excellence of the territory.
Sea Energy, in the last few years, has also developed a significant experience in the field of electric and hybrid propulsion; this know-how is fully consistent with our "Road to 2030" vision to develop innovative and sustainable technologies able to revolutionise the yachting. I am sure that the contribution of Sea Energy will be valuable in this path.