The agreement includes the option for Fincantieri to substantially increase its share capital in Camper & Nicholsons. The terms were not disclosed.
The investment consolidates both companies' presence in the larger yacht segment. It also confirms Fincantieri’s strategic interest in an area where it has devoted substantial resources and achieved significant results since creating the specialty division, Fincantieri Yachts, several years ago.
Drawing on Fincantieri’s 230 years of expertise in shipbuilding, its yacht division offers high levels of design, styling and quality in megayacht construction.
Fincantieri and Camper & Nicholsons have already established a relationship through the building of two megayachts, including the 134-metre Serene and the 140-metre Ocean Victory. Delivered in 2011 and 2014 respectively, Serene and Ocean Victory are among the most innovative and technologically advanced megayachts ever built.
With the investment in Camper & Nicholsons, Fincantieri aims to strengthen its leadership in the newbuild sector.
Fincantieri ceo Giuseppe Bono said the stake in a company of Camper & Nicholson caliber has significant strategic value.
'Our presence will cover the entire range of activities typical for this business, from sales and marketing to life cycle management of these very special units,' Bono added. 'This partnership will allow us to extend our skills and therefore to further strengthen our role in a segment which guarantees attractive margins.'