Quick, there’s no two without three. The Quick Group lifted the curtain at METSTRADE 2023, enthusiastically announcing the acquisition of Nemo Industrie, a prestigious Romagna brand founded in 1969. Three acquisitions in just over a year for a group that is growing steadily. Project and prospects, Chiara Marzucco tells us.
by Niccolò Volpati
The third is Nemo Industrie, announced during Mets in Amsterdam, preceded only a month earlier by Xenta and before that by Sanguineti. As of September 2022, Fondo Italiano d’Investimento SGR and Armònia SGR took over 70 per cent of the Quick Group, and the plan was certainly not to manage the existing, but to invest.
How? First with new acquisitions, then with consolidation and new management entrants, and finally by attacking new markets. The three things go in parallel; they are not a consequence of each other. “We had been planning the growth project for a long time,” says Quick’s Chiara Marzucco, “but if we had to support it only with our own resources, the timeframe would have been long. We turned to an advisor and evaluated a number of investment fund proposals. In the end we chose Fondo Italiano d’Investimento SGR and Armònia SGR, who believed so much in Quick Group’s growth project that they even got together to support it.”
With the three new acquisitions, the group has gone from revenues of 55 million to 75 million. This is the forecast for 2023, but it is a very realistic forecast since the end of the year is very close. The market Quick is obviously looking at with interest is the American market. This is not new after all, since the company had already founded Quick USA, but new acquisitions allow for new synergies and new developments. Management has been enriched with the presence of Marco Santoro who comes from Ferretti Group and holds the position of Managing Director Quick USA, Tommi Salonen new Chief Commercial Officer who comes from Torqeedo, while the newly appointed Chief Operating Officer of Quick Group is Marco Rodi. In just over a year there have been three acquisitions, but a fourth is already in the pipeline, to be announced in early 2024. This is an American company specializing in servicing super yachts.
Specializing in the production of nautical components of internationally recognized quality and reliability, the acquisition of Nemo Industrie is a key step toward the growth targets the group aims to achieve by 2026.
The story of Quick Spa is a blend of insight, expertise and determination. Founded as a small company specializing in marine electronics in 1992, Quick took a significant step forward with the acquisition of Quick Spa, sparking a process of continued growth. Over the years, Quick has successfully expanded its operations, establishing itself in the United States in 2006 and in the United Kingdom in 2018.
A success story
In 2022, the agreement with Fondo Italiano d’Investimento SGR and Armònia SGR marks a significant chapter in the Group’s history. The stated goal is to give additional impetus to the growth path already undertaken, increasing opportunities through an ambitious program of consolidation and development. The year 2023 saw the concretization of this program with three strategic acquisitions: Sanguineti Chiavari, Xenta Systems, and Nemo Industrie.
CATT: A technology hub in constant growth
A special focus is reserved for CATT, the Group’s flagship company. Currently under the leadership of Carlo Marzucco, CATT constitutes a true technological hub thanks to state-of-the-art machinery. A lasting partnership that guarantees Quick the supply of crucial components, such as aluminum, bronze, stainless steel and molds for plastic parts. Major investments in the machine park, with seven new CNC machining centers, highlight the Group’s commitment to growth and innovation.
Focus on acquisitions
The recent acquisitions of Sanguineti Chiavari, Xenta Systems and Nemo Industrie consolidate the Group’s position in new and promising market segments. While respecting individual corporate identities, the synergy in production and expertise allows the companies involved to benefit from the ongoing growth process.
A Ligurian company with over 65 years of experience in designing and manufacturing complex components for large pleasure boats. The acquisition targets significant growth, with a 36 percent increase in sales in 2023 and further growth prospects of 33 percent in 2024, with the goal of doubling sales by 2026.
Specializing in the development and production of control systems for yachts and superyachts, Xenta Systems has established strong partnerships with prestigious international shipyards. The acquisition underscores the Group’s commitment to implementing complex solutions in the shaftline, surface drive and waterjet propulsion segments.
Founded in 1969, Nemo Industrie specializes in the production of components for power and sailboats, such as doors, portholes, furling and gangways. Careful supply chain management and manufacturing expertise make Nemo an international brand recognized for quality and reliability.
Quick proudly presents new models of onboard lighting at METSTRADE 2023. Lume, Rubik, Cinammon, Crown, and Gladis are the stars of this showcase, with the Gladis walkway marker distinguished by its dual light output and clean, minimalist design.
Outlook for the next three years
Quick CEO Michele Marzucco outlined the Group’s clear goals for the next three years. Internal expansion through new technologies and new product development are coupled with an external strategy of acquisitions that will expand the Group’s offerings and expertise. Emphasis will be placed on enhancing after-sales service and developing advanced software to improve the integration of on-board systems.
The Quick Group, with recent acquisitions and team expansion, is preparing to meet the challenges and opportunities of the marine market with determination. Targeted investments, expansion of production units and continuous innovation confirm the Quick Group’s commitment to creating high-quality and technologically advanced products.
(Quick Group, new acquisitions and three-year outlook at METSTRADE 2023 – barchemagazine.com – November 2023)