This is an undoubtedly unforgettable year for Quick Group which has just market another important milestone: the acquisition of Nemo Industrie, announced at METSTRADE 2023 held in Amsterdam in recent days.
The number of companies acquired by Quick Spa thus rises to 3, closing a circle that aims to further broaden the Group’s leading position in various market segments, with the aim of becoming increasingly more incisive and recognized on a global level, while another strategic acquisition is scheduled to take place in spring 2024.
The ongoing evolution of Quick Group
From the earliest days of Quick’s history, with the acquisition of the brand in 1992 by two young businessmen specializing in marine electronics, began the path of growth that has led the Ravenna-based company to be one of the most successful players in the marine accessories market worldwide.
Over the years Quick has expanded, extending into the US in 2006, creating Quick USA Inc and in the UK in 2018 with Quick UK.
2022 marked a significant milestone for the company with the agreement with Fondo Italiano d’Investimento SGR and Armònia SGR to acquire a majority stake in Quick Spa with the goal of increasing development opportunities through an ambitious program of consolidation and development thanks to acquisitions and the launching of new products on the market which are 100% made at Quick.
In 2023, Quick Group made great strides with the 100% acquisition of three companies: Sanguineti Chiavari, a company in the Ligurian region which designs and manufactures components for large pleasure boats (such as gangways and ladders); XENTA Systems which specializes in the development of control systems for yachts and superyachts (such as electronic throttles, electric and hydraulic steering systems, joysticks); and Nemo Industrie, with expertise in producing components for motor and sailboats, hatches, portholes, jib furlers and much more.
Founded in 1969 and headquartered in Forlì, this historic Romagna-based brand handles the entire manufacturing process of its products, from conception and design to material selection, manufacturing, assembly and quality control. The numerous processes performed to date at Nemo will also enable widespread expansion of production capacity to serve the entire Quick product range.
“This is another important acquisition announced just a few weeks after that of Xenta, which confirms the Group’s proactive and dynamic core and represents a further step on the strategic path of increased superyacht coverage and strengthening the Group’s perceived image,” stated Chiara Marzucco, CMO of Quick Group.
The next 3-year outlook
The expansion of the team features new key figures for the Quick Group: Tommi Salonen has been appointed Chief Compliance Officer, Marco Rodi is the new Chief Operating Officer while Marco Santoro will be the Managing Director of Quick USA. Joining them are two new Sales Managers and five new hires in Quick USA, as well as the opening of an office in Fort Lauderdale, Florida.
“That’s plenty of figures that can be summed up in a few very clear targets, the same ones that have animated me since I embarked on my entrepreneurial path: to propose high-quality, technologically advanced products, guaranteeing professional and timely service to our customers in terms of maintenance and after-sales support,” commented Michele Marzucco, CEO of Quick.
“The goal we aimed for with the acquisition by the Quick Group is to achieve significant growth with an ambitious three-year outlook: in 2023 turnover increased by 36% and we foresee a further growth of 33% in 2024, in order to reach a turnover doubling by 2026, thanks also to investments of 3.5 million euros – added Lorenzo Cesari, CEO of Sanguineti Chiavari – The relocation of the company’s headquarters to Casarza Ligure (GE) will allow the company to expand its space by about 6000 square meters in total, including about 3,500 square meters of covered space, making it possible to absorb the order book (currently full on 2024) and increase production capacity, including a 35% increase in the workforce”.
“The union of two such complementary companies – stated Lorenzo Mongiardo, CEO of Xenta – guarantees great development in terms of integration of existing products, commercial synergies and, in the foreseeable future, the introduction of new products. Thanks to its technological know-how, XENTA has established solid partnerships with internationally prestigious shipyards, gaining a strategic role in the implementation of complex solutions in the segment of shaft line propulsion, surface drive and waterjet.”
Important investments in the fleet of CATT machines are to be recorded with seven new CNC machine centers of the latest generation for the company that, today under the direction of its CEO Carlo Mazzucco, constitutes a true technological hub thanks to state-of-the-art machinery. A synergy that has lasted more than 27 years and that guarantees Quick the supply of most aluminum, bronze and stainless-steel components, as well as all the molds for plastic workpiece parts.
“The Group’s growth drivers that will guide us over the next three years include internal development related to new technologies, to be implemented with new product development, and an external one represented by new acquisitions that will broaden the Group’s offer and expertise. We intend to strengthen after-sales service and develop advanced software that will improve the integration of on-board systems. In addition, we will continue development plans in the U.S. market. This will result in the goal of the Group of reaching over 100 million euros. Finally, major production unit expansions are also planned for a total of 8 sq. km.”, concluded Michele Marzucco, CEO of Quick.
