fairline yachts acquired

Fairline Yachts Acquired by Arrowbolt Propulsion Systems

Fairline Yachts, a name synonymous with luxury and craftsmanship in the boating industry, has recently made headlines with its acquisition by Arrowbolt Propulsion Systems. For those who might not be familiar, Fairline has been creating stunning and high-performance yachts for decades, while Arrowbolt is known for its innovative propulsion technologies. This union not only promises to enhance Fairline’s offerings but also signals exciting developments in the yachting world. Let’s dive into what this acquisition means for the future of both companies and the boating community.

A Brief History of Fairline Yachts

Founded in 1963 in Oundle, England, Fairline Yachts has established itself as a prestigious brand in the luxury yacht market. The company started with a single model, the Fairline 19, and has since evolved into a manufacturer of a diverse range of motor yachts, including the Targa, Squadron, and Phantom series.

Over the years, Fairline has built a reputation for its attention to detail, quality craftsmanship, and a commitment to innovation. Their yachts are not just boats; they are floating pieces of art, designed for comfort, performance, and style. With a focus on creating a luxurious experience on the water, Fairline has become a favorite among yachting enthusiasts around the globe.

Arrowbolt Propulsion Systems: A Quick Overview

Arrowbolt Propulsion Systems, on the other hand, has made a name for itself in the field of marine propulsion technology. Founded in the early 2000s, Arrowbolt specializes in developing cutting-edge propulsion systems that improve efficiency and reduce environmental impact. With the growing concern over sustainability in marine industries, Arrowbolt’s innovative solutions are more relevant than ever.

The company’s commitment to research and development has led to significant advancements in the design and functionality of propulsion systems. Their technologies have the potential to revolutionize how boats operate, making them faster, quieter, and more eco-friendly.

The Acquisition: What It Means for Fairline Yachts

The acquisition of Fairline Yachts by Arrowbolt Propulsion Systems marks a significant milestone for both companies. By bringing together Fairline’s expertise in yacht design and construction with Arrowbolt’s advanced propulsion technologies, the partnership aims to create a new standard for luxury yachts.

Enhanced Performance and Efficiency

One of the most exciting prospects of this acquisition is the potential for enhanced performance and efficiency in Fairline’s yacht lineup. Arrowbolt’s propulsion systems are designed to optimize fuel consumption and reduce emissions, which aligns perfectly with the growing demand for sustainable boating solutions.

With Arrowbolt’s technology, Fairline yachts can expect improved speed, extended range, and reduced operational costs. This not only benefits yacht owners but also addresses the environmental concerns that are becoming increasingly important in the industry.

Innovations in Design

In addition to performance improvements, the collaboration opens the door for innovative design concepts. Arrowbolt’s engineering team has a wealth of experience in creating streamlined, efficient systems that can be seamlessly integrated into yacht designs.

Whether it’s rethinking the hull design to accommodate new propulsion methods or enhancing onboard technology for a more connected experience, the possibilities are endless. Yacht enthusiasts can look forward to a new era of stylish, high-performance vessels that don’t compromise on luxury.

Strengthening the Brand

For Fairline, being part of the Arrowbolt family strengthens its brand identity as a leader in the luxury yacht market. The collaboration not only brings fresh energy to the company but also positions it as a forward-thinking brand that is ready to embrace the future of boating.

As consumer preferences evolve, having a strong emphasis on sustainability and innovation will attract a new generation of yacht owners. This acquisition could very well pave the way for Fairline to capture a larger share of the market, especially among eco-conscious buyers.

The Future of Boating: Sustainability and Technology

As the boating industry continues to evolve, sustainability and technology are at the forefront of discussions. The acquisition of Fairline Yachts by Arrowbolt Propulsion Systems comes at a crucial time when consumers are demanding more environmentally friendly options and smarter technologies in their vessels.

The Shift Towards Eco-Friendly Practices

The importance of sustainability in the marine industry cannot be overstated. With rising concerns over climate change and environmental degradation, both consumers and manufacturers are looking for ways to reduce their impact on the planet.

Arrowbolt’s propulsion systems are designed with these concerns in mind. By focusing on efficiency and reduced emissions, they are paving the way for a new standard in boating. Fairline’s integration of these technologies not only enhances its product offerings but also showcases the company’s commitment to sustainability.

Embracing Smart Technology

In addition to sustainable practices, the future of boating is also heavily tied to advancements in technology. From smart navigation systems to automated controls, the integration of technology in yachting is becoming increasingly prevalent.

The partnership with Arrowbolt may lead to the development of smart yachts that provide owners with real-time data on performance, fuel efficiency, and maintenance needs. This level of connectivity and control can significantly enhance the yachting experience, making it more enjoyable and hassle-free.

What Lies Ahead for Fairline and Arrowbolt

The acquisition of Fairline Yachts by Arrowbolt Propulsion Systems is just the beginning of a new chapter for both companies. As they work together to integrate their strengths, the boating community can expect a range of exciting developments.

New Models on the Horizon

With the combination of Fairline’s craftsmanship and Arrowbolt’s technology, we can anticipate new models that push the boundaries of luxury yachting. Imagine yachts that are not only stunning to look at but also equipped with state-of-the-art propulsion systems that make them more efficient and environmentally friendly.

Fairline’s commitment to quality and style, combined with Arrowbolt’s innovative technologies, could lead to groundbreaking new designs that set trends in the industry.

A Focus on Customer Experience

As the two companies collaborate, there will likely be a renewed focus on customer experience. Fairline has always prided itself on providing exceptional service to its clients, and with Arrowbolt’s advanced technologies, owners can expect an even more personalized and enjoyable experience on the water.

From customizable features to enhanced onboard technology, the future looks bright for Fairline owners, who can expect their yachts to be more tailored to their individual needs and preferences.

The acquisition of Fairline Yachts by Arrowbolt Propulsion Systems is an exciting development for the yachting industry. By combining Fairline’s legacy of luxury and craftsmanship with Arrowbolt’s innovative propulsion technologies, the partnership has the potential to redefine what luxury boating means.

As the industry continues to shift towards sustainability and technology, this union positions both companies as leaders in the market. For yacht enthusiasts, this means a future filled with cutting-edge designs, enhanced performance, and a commitment to environmental stewardship.

So, whether you’re a seasoned yacht owner or just starting to explore the world of boating, there’s never been a better time to keep an eye on Fairline and Arrowbolt. The future of luxury yachting is bright, and we can’t wait to see what these two companies will create together.

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Arrowbolt Propulsion Systems acquires Fairline

Arrowbolt Propulsion Systems Ltd has acquired a majority of shares in Fairline Yachts Ltd.

A notice has been posted on Companies House stating that Arrowbolt Propulsion Systems Ltd now holds 75% or more of the shares in Fairline Yachts.

Arrowbolt Propulsion Systems, which has a London, UK, address was incorporated on December 3 2024, with Zeyaad Ahmed listed as director.

A notice of ceasing to be a person with significant control has also been posted at Companies House regarding Fairline Yachts Holding Ltd.

Zeyaad Ahmed, son of former CEO Ayiaz Ahmed, is also listed as a director of Fletcher International Ltd and Fletcher Boats Ltd.

Ayiaz Ahmed was announced as CEO in September 2015 when Wessex Bristol announced its acquisition – said to be for a deferred £2m – of Fairline Boats Ltd from Better Capital PPC.

At the time, Better Capital said it put Fairline into administration to protect its interests as a senior creditor, after Wessex Bristol failed to inject promised funds into the boat maker that were essential for it to function as a going concern.

Arrowbolt is part of the Fletcher Marine Group.

Sustainable supply chain solution

Fletcher Boats, which was founded in 1960, returned in late 2023 after a short hiatus. The firm’s top priorities include creating a new generation of battery-powered sports boats with world-class designs.

The firm relocated to Somerset in the late 2010s with Zeyaad Ahmed appointed as director in November 2023.

Arrowbolt’s mission is to provide a sustainable supply chain solution.

The company designs and builds state of the art systems, with a focus is on performance boat propulsion systems for the pleasure boat segment for OEM and retrofit markets.

The company designs and engineers complete propulsion systems including battery systems, inboard and outboard electric motors, and dedicated software for control systems.

Redundancies

The company says it uses recycled and upcycled materials wherever possible in order to maintain as part of its commitment to sustainability.

The news of Arrowbolt’s acquisition comes as Fairline is believed to be making around 150 of its workers redundant. Notices are understood to have been sent to staff regarding the job losses.

Fairline Yachts Ltd made a £21.7 million loss for the year ended 31 December 2023, an increase on the £18.8 million loss made in 2022.

During 2024, the company received equity funding of £8.8 million and additional loans from the ultimate shareholder to cover its working capital needs.

Fairline Yachts was acquired by Hanover Investors in 2021.

Fairline has been approached for comment.

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Fairline Yachts has been purchased by Arrowbolt

• Published 19 December 2024

A luxury yacht manufacturer has been sold to a company specialising in clean propulsion technology, leading to redundancies.

Fairline Yachts, founded in 1967 in Oundle, Northamptonshire, was purchased by Arrowbolt after private equity firm Hanover Investors sold its stake.

The BBC understands several people at the Oundle site have been made redundant and there could be more than 100 job losses.

Peter Hamlyn, the new chief executive of Fairline, said: "We look forward to aligning the business with our long-term vision to be a clean and sustainable marine brand."

Arrowbolt makes electric propulsion technology and develops zero emission systems for the recreational boat sector.

Hanover Investors bought its stake in Fairline Yachts in 2021.

The company's prototype and development teams are based in nearby Corby, while its testing facility is based at Ipswich Marina in Suffolk.

Both Fairline and Arrowbolt have been contacted for further comment.

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Fairline Yachts shipyard changes ownership again

British yacht builder Fairline Yachts is being acquired again, less than a year after the last deal. The new owner wants to accelerate the internationalization of its sales of high-end motorboats.

Hanover Investors acquires Fairline Yachts

Fairline Yachts changed ownership on June 14, 2021. Less than a year after it took over as majority shareholder of the British shipyard in July 2020, the RiverRock fund sold its stake to London-based investment fund Hanover Investors. The amount of the transaction has not been made public. It thus takes control of the high-end motorboat manufacturer founded in 1967 in Oundle, Northampshire. It has a worldwide network of 50 dealers.

Accelerating the internationalization of the British shipyard

Fairline Yachts managing director Peter McNulty welcomes the arrival of the new shareholder, which he sees as recognition of the value of the British yachting business. On this occasion, Jason Carley, a partner in the Hanover Investors fund and previously a member of Fairline Yachts' management between July 2020 and March 2021, returns to the shipyard's side. "It's a recognition of the great work done by the team here at Fairline that a company of the caliber of Hanover Investors has decided to support us. They have an excellent track record of working with companies through their global vision to integrate both investment and operations, with a particular focus on companies that are in the process of internationalizing. While we have a strong international footprint, with Hanover on board, I know we can go much further and faster," said Peter McNulty.

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Hanover sells Fairline Yachts

Monday, December 9th, 2024

Written by: Marine Industry News

Hanover Investors has announced it has sold its interest in Fairline Yachts to Arrowbolt Propulsion Systems.

Arrowbolt is appointing Peter Hamlyn, former operations director of Fairline from December 2018 to January 2021, as CEO of Fairline. Hanover acquired Fairline in June 2021 via Hanover Active Equity Fund II.

According to the United Kingdom Companies House records, Arrowbolt Propulsion Systems now holds 75 percent or more of the ownership of shares for Fairline Yachts.

Hamlyn says: “We look forward to aligning the business with our long-term vision to be a clean and sustainable marine brand. However, to be clear, the industry faces a number of economic and market challenges, and we will be assessing the current business before making any strategic long-term investment decisions.”

Arrowbolt describes itself as a clean propulsion company and in a statement issued by Hanover Investors it states Arrowbolt was founded in 2022. Companies House, however, shows Arrowbolt Propulsion Ltd to be incorporated on 3 December 2024.

Zeyaad Ahmed is listed as the director of Arrowbolt, and is also listed as the director of Fletcher Boats.

Fairline’s Squadron 58, which launched at Southampton International Boat Show in September 2023 and Boot Dusseldorf 2024, was announced as the winner in the ‘Flybridges up to 60ft’ category at the 2024 Motor Boat Awards.

Founded in 1967 in Oundle, Northamptonshire, British luxury boatbuilder Fairline Yachts now has a global business with a network of more than 50 dealers in key yachting locations around the world.

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Staff react to 'shock' redundancies at yacht firm

Former employees at a luxury yacht manufacturer told the BBC how staff were reduced to tears after being made redundant.

Earlier this month, private equity firm Hanover Investors sold its stake in Fairline Yachts and the firm was purchased by Arrowbolt.

Arrowbolt makes electric propulsion technology and develops zero emission systems for the recreational boat sector.

The BBC has been told by former staff that more than 100 people have been made redundant at the firm - based in Oundle in Northamptonshire - and more jobs are expected to be cut.

Kathryn Hodson, an engineer from Thrapston, spoke through tears: "It's not the first time I've been made redundant from Fairline, but this is the most brutal way they've done it so far... It's a complete shock."

Ms Hodson, 36, added: "Anything we thought was happening, [Fairline] went back on.

"We thought it was going to go on until March next year so you prepare yourself a little bit... but I had no idea I was going to be called today. Nobody did.

"They can't keep putting people through this."

Another former employee who wanted to be anonymous said: "[If] they want to keep the business going, they're getting rid of the wrong people."

Darren Hadley, a repairs engineer said: "I just got called up and they said 'you're gone'. No warning. No nothing."

The 56-year-old said he had been made redundant and rehired "three times" in the past at the same company but said this time "morale [in the building] is not very good".

The former employee continued: "No work has been done [today], they're just waiting to be called in.

"Some people cried in there upset, but I'm OK. I'll get another job and I'll enjoy my Christmas with my grandchildren."

The BBC contacted Fairline Yachts and Arrowbolt for comment.

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