Sanlorenzo signs MOU to evaluate acquisition of Simpson Marine

Sanlorenzo has signed a non-binding memorandum of understanding (MOU) with Simpson Marine as the shipyard explores the potential acquisition of its largest dealer network in the Asia-Pacific region.

The development comes just weeks after Sanlorenzo first revealed its intention to acquire the Hong Kong-based yacht sales and service company in order to strengthen the shipyard's presence in the APAC region. The move was included as part of a three-year plan laid out by CEO and chairman of Sanlorenzo Massimo Perotti, which will see the opening of new offices and ongoing acquisitions until 2025.