The Italian shipbuilding company Sanlorenzo signed a binding agreement for the purchase of 95% of the share capital of Simpson Marine Limited, a Hong Kong company referable to Mike Simpson. The transfer of the quota will take place at $10 million, as well as a Earn-out up to a maximum of seven million calculated on profit net income for the 2023 financial year, both of which were paid with the Sanlorenzo's own liquidity. Before the passage of property in Sanlorenzo, Simpson Marine Limited will a distribution of past profits in favor of Mike Simpson.

The Simpson Marine Group, which has represented Sanlorenzo in Asia since 2015, has been one of the leading operators in the region for 40 years APAC in yachting sales and services. Sanlorenzo highlighted that the acquisition, which is expected to be completed in the first quarter of next year, will allow it to to establish a direct presence in the strategic region APAC, further developing the range of services offered by leverage on the experience and skills gained over the decades by Simpson Marine.

The Chairman and CEO of Sanlorenzo, Massimo Perotti, pointed out that "under the leadership of Mike Simpson, Simpson Marine has built a strong reputation with customers and operators in the nautical sector, as well as developed a highly about 140 professionals, each of the best in the field, making this group an investment with a foundation and strong prospects, in line with our strategic vision of long-term'.

"For 40 years," Mike Simpson recalled, "we have managed the sale, service, charter and other services of yachts in Asia, gaining a wealth of experience and expertise in the region. The teams are spread across 12 locations across Asia, and now will have the opportunity to work with Sanlorenzo to bring Simpson Marine and its range of services at a high level superior'.