Please select your home edition
Edition
Rooster 2025
Product Feature
Mantus M1 Galvanised Steel Anchors
Mantus M1 Galvanised Steel Anchors

Sacs Tecnorib and NUO unite to drive growth

by Sacs Tecnorib 19 Nov 2024 18:43 GMT
Sacs Tecnorib and Nuo unite to drive growth © Sacs Tecnorib

A strategic partnership with investment holding company NUO marks a pivotal milestone in the consolidation, growth and development journey of SACS TECNORIB.

SACS Tecnorib, a global leader in the Maxi-Rib sector and a key player in the Italian yachting industry, is pleased to announce a strategic partnership with NUO, an investment holding company supported by prominent international families.

Formed in 2021 through the merger of SACS and Tecnorib, the Group reported a production value exceeding €70 million in the last financial year, with over 70% of its output destined for export markets. The company has achieved a compound annual growth rate (CAGR) of 25% over the past three years, driven by its expanding international footprint and diversification of its product range, which includes the Strider and Rebel ranges and the Pirelli Speedboats brand under license.

This partnership, based on a shared vision and core values, aims to combine SACS Tecnorib's expertise with NUO's resources to solidify the Group's leadership in the European market. It will further support the Group's international strategy, particularly in the United States, and potentially enable growth through the acquisition of complementary brands.

As part of the agreement, which involves the sale of a minority stake by the existing shareholders, Matteo Magni will retain majority control of the company. Governance will remain stable, with founding partners Matteo Magni and Giovanni De Bonis continuing in their leadership roles. Magni will assume the role of CEO alongside his current position as President.

"We are thrilled to announce this partnership, which we believe will deliver significant value and elevate our competitiveness on a global scale," said Matteo Magni, President and CEO of SACS Tecnorib. "This milestone reflects the passion and dedication we have poured into building a great company, as evidenced by our ability to attract prestigious investors like NUO to partner with us on our journey. Together, we will continue to embrace new opportunities and strengthen our ability to innovate while remaining committed to delivering excellence for our customers, driving significant growth, and leading the industry forward."

Tommaso Paoli, CEO of NUO, added: "We are honored to partner with Matteo and Giovanni in this ambitious venture to establish SACS Tecnorib as a global leader. This collaboration reflects our commitment to investing in companies with strong growth potential and visionary leadership. Matteo's clarity of purpose, determination, and collaborative spirit impressed us deeply. NUO will leverage its expertise and network to support the company in its international expansion, governance, and M&A operations, enabling the team to realise their long-term aspirations."

The transaction was facilitated by Clearwater, acting as M&A advisor to SACS Tecnorib. Legal and contractual negotiations were supported by DLMS for SACS Tecnorib and by Chiomenti for NUO. Additional due diligence was provided by EY (financial) and Gitti and Partners (tax).

Related Articles

Tom Dolan set for Trophée Laura Vergne
Competing double-handed alongside co-skipper Gildas Mahé After kicking off his season in Concarneau with a 7th place finish at the Solo Guy Cotten, Tom Dolan continues his 2025 campaign with a new event: the Trophée Laura Vergne, taking place at La Trinité-sur-Mer. Posted today at 11:07 am
Seldén Mast Launches U.S. Online Store
Making Genuine Spare Parts Available Nationwide Seldén Mast is proud to announce the launch of its dedicated online store for the U.S. market. For the first time, sailboat owners across the United States will have direct access to a comprehensive selection of genuine Seldén parts and accessories. Posted today at 8:50 am
BVI Spring Regatta & Sailing Festival day 3
Excitement on the docks as big breeze lines up for thrilling racing There's no shortage of talent or breeze in the BVI as almost eighty boats prepare to assume the challenge in the 52nd edition of the BVI Spring Regatta which starts Friday in the stunning Caribbean waters off Nanny Cay Resort and Marina. Posted today at 5:15 am
Vaikobi Launches New Board Short Collection
With a buy second pair half price deal Vaikobi, a leader in high-performance ocean sports apparel, is proud to introduce its latest collection of men's boardshorts: the Newport Boardies and Paddle Boardies. Designed for comfort, sports versatility and hydrodynamic efficiency. Posted on 3 Apr
Transat Paprec skippers under the microscope
Favorites, outsiders, newbies… In 12 days' time, the iconic 100% mixed transatlantic race between Concarneau and Saint-Barthélemy, Transat Paprec, will get under way. Posted on 3 Apr
J/70 Corinthian Europeans in Cascais day 1
54 teams participating in this new continental format The International J/70 Class Association continues to grow and evolve, debuting the Corinthian European Championship this year in Cascais Portugal. Posted on 3 Apr
BVI Spring Regatta & Sailing Festival day 2
A wild and windy day for the Scrub Island Invitational With gusts hitting 30+ knots in a particularly dark squall that hit the racecourse, washing off the salty water that had already drenched those sailors on the rail as big seas washed over the sides. Posted on 3 Apr
Trofeo Princesa Sofia Mallorca by FERGUS day 4
Getting that winning mojo back on the Bay of Palma Coming as it does as the first major all-classes regatta after the Paris 2024 Olympics, the huge 54 Trofeo Princesa Sofía Mallorca by FERGUS Hotels sailing regatta represents the perfect opportunity to rebuild dented confidence. Posted on 3 Apr
168th Jersey Electricity Gorey Regatta preview
British yachtsmen cruising Channel Island waters in July are very welcome to take part British yachtsmen planning to cruise through Channel Island waters this summer are invited to take part in one of the oldest sailing events in the British Isles - the Jersey Electricity Gorey Regatta. Posted on 3 Apr
Stewarton sailor scoops surprise World title
Scotland's Rory McKinna wins two-person Hansa 303 fleet down under Scottish sailor Rory McKinna, alongside Australia's Jess Wong, have secured Gold at the 2025 Hansa and Para World Championships in Newport, which concluded on the 30th of March. Posted on 3 Apr