Vision Marine Technologies Acquires Nautical Ventures Group; Terms Not Disclosed

Benzinga·06/23/2025 14:27:19

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Creates North America's first High-Voltage Propulsion Manufacturer with Multi-Brand Retail and Service Infrastructure

Positions Company for Accelerated Growth in $2.5B+ Global Electric Boat Market

Consistently Generated Over USD $100 Million in Annual Sales from 2020 to 2023

Montreal, QC - June 23, 2025 - Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a leader in high-voltage electric marine propulsion systems, today announced the acquisition of Nautical Ventures Group, Inc. ("Nautical Ventures"), a Florida-based recreational boat dealership, marina, and service provider. Recently named the 2024 Boating Industry "Dealer of the Year". Nautical Ventures is widely recognized as one of the top boat dealership networks in the United States—and is notably the number one Axopar dealership globally.

This acquisition marks the formation of North America's first electric boat propulsion and boat dealership company, combining Vision Marine's proprietary E-Motion™ high-voltage electric powertrain with Nautical Ventures' retail footprint, multi-brand boat inventory, and full-service infrastructure.

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