Montreal Breaking - Vision Marine Technologies Inc. Acquires Nautical Ventures to Pioneer Integrated Electric Boat Dealership in North America

Vision Marine Technologies Inc. (NASDAQ: VMAR), a frontrunner in high-voltage electric marine propulsion, has completed the acquisition of Nautical Ventures Group, a prestigious U.S. boat dealership and the 2024 Boating Industry ‘Dealer of the Year’. This strategic acquisition heralds the establishment of North America’s inaugural combined electric boat propulsion and dealership platform, integrating Vision Marine’s innovative E-Motion(TM) powertrain with Nautical Ventures’ expansive retail network, diverse inventory, and comprehensive service capabilities.

With nine locations across Florida and a portfolio featuring renowned brands such as Axopar, Yamaha, and Beneteau, Nautical Ventures offers Vision Marine direct entry into one of the globe’s most vibrant boating markets. This acquisition not only enhances Vision Marine’s direct-to-consumer sales channels but also introduces additional revenue streams, setting the stage for nationwide expansion. The transaction, financed through a combination of cash, a seller’s note, and stock, was expertly advised by ThinkEquity.

This merger is a pivotal development in the marine industry, signaling a shift towards sustainable boating solutions. By combining Vision Marine’s cutting-edge electric propulsion technology with Nautical Ventures’ retail expertise, the partnership is poised to accelerate the adoption of zero-emission marine vehicles, contributing to environmental conservation and offering boaters high-performance alternatives to traditional internal combustion engines.