Dutch investment company Parcom has reported that it’s investing in Wajer Yachts, and now owns a minority interest in the Netherlands-based yacht building firm.
Commenting on the news, Wajer Yachts expressed that it has “found a partner in Parcom to ‘support further growth’ as it expects to double turnover to €200,000,000 within a couple of years.
The Wajer family will remain in charge of the company and stay as the major shareholders. “Parcom is the fifth person around the table,” Dries Wajer commented. “The investor is a good sparring partner and has an affinity with the yacht sector. We can benefit from that.”
This is not the first yachting investment by Parcom as it has already invested in Royal Huisman. Parcom typically invests in companies with an annual turnover between €50,000,000 and €100,000,000 and an operating result of €10,000,000 to €50,000,000. Wajer Yachts is situated at the higher end of these figures, as it has a turnover of approximately €100,000,000 and employs more than 250 people.
The partnership between Parcom and Wajer gives the yacht builder an opportunity to further its commitment to sustainability, while simultaneously accelerating its international expansion plans.
Wajer Yachts has only recently announced in June its acquisition of Zaadnoordijk Yachtbuilders from Heerenveen. The yacht builder now has a production facility that spans 5,000 square-metres and three shipyards, located in Heeg, Lemmer and Heerenveen – all in the Netherlands. Wajer Yachts also has a maintenance yard in the south of France and a recently opened harbour in Miami, the United States, dubbed the Wajer Marina Bay. It also operates numerous international service hubs.
Wajer Yachts was founded in 1992 by Dorus Wajer on the lakes near Amsterdam. The first Wajer built was the Captain’s Launch 7m Classic. Now the model range includes the Wajer 38, Wajer 38S, Wajer 38 L, Wajer 55, Wajer 55S, Wajer 55HT and the newest Wajer 77.
Credits: Wajer Yachts