Focused on the objective of growing their capabaility in the marine sector, Nautic Africa, a Paramount Group company, has acquired the Durban-based boat builder, Austral Marine, with the aim of expanding its competence in composite manufacturing and leveraging its group resources.
According to James Fisher, CEO of the Nautic Group, the aim is to enhance existing Austral business as well as to diversify its product and sector offerings.
"Nautic has deep respect for Austral Marine, who has nurtured the best and oldest South African leisure boat building brands such as Angler boats, Panache and Odyssey. We will continue to not only support the dealer network in South Africa, but also grow the market internationally," he says.[Full Story.]
Last updated: 26 October 2016