Wider strengthens production in preparation to open up new markets
Tuesday, September 28, 2021 3:32 PM
Marcello Maggi, one of the ultimate professionals in the yachting industry, well known as co-founder of ISA Yachts in 2001 and his time with CRN and the Ferretti Group acquired the company in 2019. With the unexpected and forced stop due to the pandemic, he used this time to his advantage and invested resources in the development of new products and a plan to relaunch the company, always with a strong and firmly 'green' perspective. Marcello has set up and heads the holding company dedicated to the development of Wider and has completed the definition of the new industrious plan for the company's future.
He has always put a great emphasis on the human resource, putting together a team, destined to be further strengthened in the coming weeks, that boasts many years of experience both in naval knowledge and skills and in particular to those related to the technologies applied on its yachts. A share capital increase by the holding company will see a commensurate rise in resources which Wider will allocate into the development of an already welladvanced project, a new boat that will be mass-produced and that will be propelled by 'green' propulsion (the Wider Propulsion Management System). This will be enriched through the use of latest generation photovoltaic elements, which installed on larger surfaces than those normally used by conventional rigid or semi-rigid panels, will provide additional capacity for the on-board production of electricity, thus guaranteeing energy capable of making the yacht completely self-sufficient in the use of its on-board systems and hotel services, day and night. A power supply without limits.
More generally, there are three drivers behind Wider's industrious plan:
1. The establishment of product lines in GRP (series boats)
2. The implementation of hybrid propulsion systems which, as is well documented, Wider was the first to introduce on a project in 2013 culminating with the launch in 2015 of the W150, a 46-meter yacht powered by 'intelligent' propulsion resulting from the joint development by Wider and highly qualified partners. The system combined the use of traditional generators, batteries and electric motors, which allowed the yacht to optimize consumption, drastically reduce maintenance interventions, virtually eliminate all noise and vibration at sea or at anchor in fully electric mode and significantly reduce polluting emissions.
3. To provide fully customized superyacht production for Owners looking to have all the benefits that the 'green mode' allows. The plan also provides for decisive investments aimed at making the use of renewable sources more and more prevalent in the production of the electricity needed onboard, both in 'roadstead' mode as well as in navigation. Building on the strong and living DNA and an advocate of developing technologies, both in-house and in creating strong partnerships with the most reliable and skilled companies will push Wider towards the goal of being the most ecologically minded business in the future and bring about complete 'green technology' on-board. Thanks to Marcello Maggi and his private equity partner, Wider will be a protagonist in the yachting industry and will alongside the existing players champion its own clear offer - Born Electric.
Wider Yachts announce W-Fin as new sole shareholder
W-Fin, a Luxembourg financial group led by Mr. Marcello Maggi, a prominent player in the yachting industry for more than 30 years has acquired 100% ownership of Wider Srl, a leader in the production of superyachts and pioneer of hybrid propulsion, based in Ancona, Italy. The deal is all part of the broad and ambitious plan to build Wider’s ’Born Electric’ ecological future, which envisages, among other things, an immediate and sizable share capital increase. Coordinating the Wider Srl interests was Fabio Fraternale, CEO of the Ancona-based company, whose previous experience includes spells with Pershing and Itama, brands of the Ferretti Group. The legal aspects of the transaction relating to new corporate structure and governance has been advised by Dentons in Italy and Luxembourg, while Marchionni & Partners has assisted Wider on tax, corporate and contractual matters