Vision Marine Technologies Acquires Nautical Ventures to Pioneer Integrated Electric Boat Dealership in North America

Vision Marine Technologies Inc. (NASDAQ: VMAR), a pioneer in high-voltage electric marine propulsion, has completed the acquisition of Nautical Ventures Group, a renowned U.S. boat dealership and the 2024 Boating Industry 'Dealer of the Year'. This strategic acquisition heralds the establishment of North America's first 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 leading 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 move not only enhances Vision Marine's direct-to-consumer sales channels but also diversifies its revenue streams, setting the stage for nationwide expansion. The acquisition, financed through a combination of cash, a seller's note, and stock, was facilitated with advisory services from ThinkEquity.

For further details on this transformative acquisition, visit https://ibn.fm/XJnA7.