De Wave goes shopping, four companies acquired, revenues at 450 million
50 million investment and another 50 million are planned for technological development. The group envisages 150 new hires in the coming years
De Wave, a Genoese group led by Riccardo Pompili and specialised in the supply of furniture and interiors for ships and large yachts, continues its path of growth by external lines, which began in 2021. The company has just closed the acquisition of four companies that will form an Italian shipbuilding hub.
The economic value of the transaction has not been disclosed but, according to market rumours, the total investment will be around EUR 50 million. To this will be added another EUR 50 million, which the group has included in its new industrial plan, to support the development of the individual companies.
Entering De Wave, therefore, is Ivm of Padua, a (former) competitor that operates, in turn, in the field of supply for cruise ships, especially, Pompili emphasises, 'in the fitting out of public areas on cruise ships, both new and refit'. The other companies acquired, on the other hand, work in the yacht sector and all belong to a single group (albeit with different roles) based in Borgaro Torinese (Turin).
The first is Electrical Marine, which, since 1980, has been operating in the field of electrical and electronic systems for the nautical sector (with offices in Savona and Varazze); the second is Om Project, active in metal carpentry and electro-actuated movements, again for boats; finally, Cantieri Navali San Carlo, which builds boats under 24 metres and sports boats for the Azimut Benetti group. For these three acquisitions, the go-ahead requested at the time by the Competition Authority has arrived.
Thanks to these acquisitions (which will bring 400 new employees), the Genoese group aims to reach a consolidated turnover of 450 million euro in 2025 (350 million in 2024), with 1,400 employees, seven plants and 12 operating offices in nine countries. To support its development, as mentioned above, the group has presented an investment plan worth a total of 50 million euro over the next three years, with which it will start work to expand production capacity in several plants and will implement investments for the purchase of new equipment and technological development, also looking at further growth through external lines, "in the event that strategic companies capable of bringing further added value are identified," says Pompili.
