Sailing: Atlantic France companies are working on innovative projects in the boating industry

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The boat manufacturers Beneteau and Black Pepper Yachts have announced some exciting news regarding their businesses, which is yet more proof of Atlantic France’s dynamism in the sailing sector. 

Renowned in the global nautical market, Beneteau was created in 1884 and is headquartered in Vendée (Atlantic France). The company operates in various countries and boasts a portfolio of 17 brands and services. Beneteau recently announced it was about to bolster its presence in the nautical sector with a new acquisition by obtaining 74% of Wiziboat’s shares through its subsidiary Boating Solutions. 

Wiziboat is a pioneering company in short-term, self-service, shared boat rentals which was founded in 2017. This sector is experiencing a surge in demand, but the company’s growth (+30% this year) has been hindered by recent financial constraints. The acquisition, therefore, represents a strategic opportunity for both companies.

Beneteau aims to broaden its boating solutions and maintain its market leadership. The group envisions reaching sales of €2 billion by 2025. This growth entails investments estimated at €80 to €100 million annually, developing new models, and increasing production capacity in different locations. The company plans to hire approximately 500 people over the next few months.

A third Imoca built by Black Pepper Yachts 

Many players in Atlantic France are innovating in the sailing sector. This is also the case with Black Pepper Yachts, which is based in Nantes. The company is building its third Imoca yacht named OceansLab, this time for British sailor and world champion Phil Sharp. The project, valued at around €5 million, presents an exciting opportunity for both parties, and the boat is promised to be distinctive with several technical modifications.

Founded in 2007 by Michel de Franssu, Black Pepper boasts 15 employees and has constructed nearly 60 vessels. Moreover, the company is planning to build its first large, all-carbon catamaran based on its Code 2 and Code 3 models, representing a step forward in developing more advanced and sustainable boats.

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