This acquisition enables Zodiac Milpro to strengthen its design and innovation capacities.
Paris (France), 30 April 2021 – Zodiac Milpro, the world leader in high-performance inflatable and rigid inflatable boats, has announced the acquisition of Vectis Marine Design, specialist in the engineering and design of specialist vessels. Supported by Argos Wityu since 2018, Zodiac Milpro is an investment of the Argos VII fund.
Created in 2008 by Andrew Humphries and John Fox-Robinson, two highly skilled naval architects, Vectis Marine Design has a strong reputation in the design of fast patrol boats, rigid-inflatable boats, special forces craft, rescue craft and other vessels to meet demanding operational requirements.
Zodiac Milpro is facing an ever-increasing demand from customers for more capable and efficient crafts. Through this acquisition, the company will strengthen its autonomy in design and innovation, its capacity for engineering and its ability to deliver the most complex tenders and projects.
Louis Godron, Argos Wityu Managing Partner “We are proud to support Zodiac Milpro’s dynamic team. The acquisition of Vectis Marine Design represents a significant additional step towards strengthening Zodiac Milpro’s position as a world leader.”
Guillaume Laurin, Zodiac Milpro President “We are particularly pleased with this agreement. Vectis Marine Design and Zodiac Milpro have been working together for a long time. Thanks to Vectis Marine Design’s know-how, experience and professionalism, Zodiac Milpro will be able to handle more complex programs and further increase its innovation dynamic. This acquisition is completely in line with our strategy to strengthen our internal capacities.”
Andrew Humphries, Vectis Marine Design Managing Director “We have worked closely with Zodiac Milpro since 2009 and are delighted that Vectis is now becoming part of the Zodiac Milpro group. We have always enjoyed working with Zodiac Milpro and appreciated their professionalism and collaborative approach. We see this next exciting step as a great endorsement of the work that the whole Vectis team has put into the business since Vectis was established in 2008. We very much look forward to the closer partnership with Zodiac Milpro while at the same time continuing to support our other clients with innovative design, engineering, and technical supports.”
Argos Wityu team: Louis Godron, Simon Guichard and Yasmine Karger
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About Argos Wityu / www.argos.wityu.fund
Argos Wityu is an independent European investment fund that supports companies in the transfer of business ownership. It has assisted more than 80 entrepreneurs, focusing its investment strategy on complex transactions with emphasis on transformation, growth, and close collaboration with management teams. Argos Wityu seeks to acquire majority interests and invest between €10m and €100m with each transaction. With more than €1bn under management and 30 years of experience, Argos Wityu operates from offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris.
About Zodiac Milpro / www.zodiacmilpro.com
World leader in high-performance boats, Zodiac Milpro has been designing innovative products for “those who work on the water”. Zodiac Milpro has originated most of the major concepts that have driven the development of the modern inflatable boat since the 1930s. As a French stand-alone group headquartered in Paris, Zodiac Milpro has more than 100 years of technical heritage and sets the standard for the most advanced inflatable and semi-rigid craft.