Italian marine industry manufacturer and contractor De Wave Group strengthens its position in the North European market by acquiring Finnish shipbuilding and refitting operator FCR Finland in April 2022.

Based in Nousiainen, near Turku, FCR Finland is one of the main players in the sector in Northern Europe having operated in the market for over a decade. The Company has a turnover of approximately 28 million euros and about 50 employees with a clientele consisting of cruise ship owners, operators and shipyards. FCR Finland primarily provides shipbuilding and refurbishment turnkey services and solutions, and also more specific services for managing projects, designing interiors, and managing shipbuilding personnel.

De Wave Group is a globally operating manufacturer and contractor, providing the full spectrum of cruise ship and yacht interior outfitting, from new builds through to refitting and after sales. Based in Genova, Italy, De Wave Group employs over 600 persons and had a turnover of 210 million euros in 2021. De Wave Group was formed through the merger of leading companies in their respective fields, De Wave, Precetti, and Spencer Contract. The Group is owned by American investment fund Platinum Equity, which globally invests in companies operating in diverse industries.

With the acquisition of FCR Finland, De Wave Group strengthens its position in Northern Europe and may achieve a total turnover of 300 million euros this year.

“Our acquisition plan is in full swing and is set to take another step forward. This market requires an increasingly global profile to be able to successfully face the challenges of the future. The transaction of FCR Finland strengthens our international position, providing a strong alliance with one of the main players in Northern Europe and the ability to seek new and further operations with greater strength”, comments Riccardo Pompili, CEO of De Wave Group.

Carner Corporate Finance advised the owners of FCR Finland throughout the sale process. This transaction showcases Carner’s strong experience and knowledge of industrial sector and marine industry transactions.

Quote from Telenord article (in Italian)