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Odyssey Marine Exploration: Safe Harbor Expands Mediterranean Presence with Monaco Marine Acquisition

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Cashu
2 days ago
Cashu TLDR
  • Safe Harbor Marinas expands into the Mediterranean by acquiring Monaco Marine, enhancing its global marina portfolio to 149 locations.
  • The acquisition allows Safe Harbor to offer improved services for luxury yacht owners in iconic destinations like Saint Tropez and Monaco.
  • Monaco Marine's focus on sustainability and customer service aligns with Safe Harbor's mission to elevate boating experiences in the region.

Safe Harbor Expands Mediterranean Reach with Monaco Marine Acquisition

Safe Harbor Marinas, a leader in the marina industry, announces its strategic expansion into the Mediterranean by acquiring Monaco Marine, a prominent service provider in the region. This move significantly enhances Safe Harbor’s portfolio, bringing its total to 149 marinas and shipyards in prime coastal locations worldwide. Monaco Marine, founded in 1995 by Michel Ducros, operates nine facilities in southern France and Monaco, catering to the needs of yacht owners and captains with services for vessels up to 90 meters in length. The acquisition marks a pivotal moment for Safe Harbor, enabling it to deepen its commitment to quality and sustainability in marine services.

CEO Baxter Underwood expresses enthusiasm for this new chapter, highlighting the potential to serve yacht captains, crews, and owners in iconic destinations like Saint Tropez, Antibes, and Monaco. By integrating Monaco Marine’s established services into its operations, Safe Harbor aims to provide exceptional experiences to the global boating community. The acquisition is not just a business expansion; it is a reflection of Safe Harbor’s mission to enhance the accessibility and enjoyment of boating in some of the world's most desirable nautical locales. Underwood’s vision underscores the importance of delivering high-quality services that meet the needs of an evolving market, particularly in regions renowned for luxury yachting.

Monaco Marine's reputation for excellence aligns seamlessly with Safe Harbor's ethos. The company's commitment to sustainability and customer service has garnered the trust of yacht owners, captains, and shipbuilders globally. This acquisition is set to bolster Safe Harbor's capabilities, allowing it to offer a wider array of services and amenities that cater to the increasing demand for luxury boating experiences in the Mediterranean. As the global boating industry continues to evolve, Safe Harbor's proactive approach positions it well for future growth and innovation in marine services.

In related news, the integration of Monaco Marine's operations is expected to commence shortly, with plans to streamline services and enhance customer experiences across all locations. This development not only strengthens Safe Harbor’s market position but also reflects the growing trend of consolidation within the marina industry as companies seek to offer comprehensive solutions to an increasingly discerning clientele. For further information, stakeholders and interested parties are encouraged to visit the respective websites of Monaco Marine and Safe Harbor Marinas.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

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