De Wave Group, a Genoese company specialized in the Creation of fittings for cruise ships and yachts, has acquired four Italian companies in the cruise sector and nautical. This is the Padua-based IVM, active in the in the outfitting and furnishing of cruise ships, and Electrical Marine in Turin, which deals with electrical systems and electronics for the nautical sector, O.M. Project, active in the metal carpentry and electro-actuated movements for the nautical, and Cantieri Navali San Carlo, which operates in the construction of pleasure and sports boats.

To support the development of individual companies, the group Genovese presented an investment plan worth a total of €50 million for increasing production capacity, purchase of machinery and any M&A transactions that it provides for also about 150 new hires in the coming years needed mainly to support the increase in production and to strengthen Also after-sales services, especially overseas.

De Wave specified that the transactions announced today are strategic and are part of the medium-long strategy end of the group aimed at controlling the entire production process creating synergies from a management, operational and also expanding its scope and consolidating as a global general contractor in all sectors of Blue related to shipbuilding. In addition, the company highlighted which with the De Wave operations consolidates its role as general contractor capable of operating on an international scale thanks to seven factories and 12 operational sites in nine countries, where they are now employing over 1,400 highly qualified workers who will allow the group to reach 450 million in turnover overall by 2025.

"The operations announced today - explained the CEO of De Wave Group - Riccardo Pompili - are part of our long-term strategy focused on a growth also through external lines aimed at creating the Italian hub of the shipbuilding supply chain: we are able to cover all phases of design, production, assembly and installation in the sector cruises and boating. Our investment strategy is alliance with the groups of the supply chain also strongly believes in the enhancement of the management that has made growth possible of its company and who will also be a protagonist of the ambitious future development plan". "From today, thanks to four important players in our sector - added Pompili - we will strengthen strategic areas such as refitting, technological innovation and after-sales services, integrating key skills to face the new challenges of the sector. The is a very particular sector, in which the knowledge and the know-how of the workers continue to be the real value added in the production process and to date are not replicable by no virtual assistant equipped with artificial intelligence. As our recruitment plan also shows, we therefore want to continue to believe in and invest in talent and skills of the companies that become part of our group, enhancing their specificities and promoting synergies with a view to sustainable growth".