Business
Vision Marine Technologies Acquires Nautical Ventures Group, Boating Industry 2024 Top 100 Dealer of the Year
Creates North America's first High-Voltage Propulsion Manufacturer with Multi-Brand Retail and Service InfrastructurePositions Company for Accelerated Growth
About this update from Vision Marine Technologies Inc.
[{"type":"text","content":"Creates North America's first High-Voltage Propulsion Manufacturer with Multi-Brand Retail and Service InfrastructurePositions Company for Accelerated Growth in $2.5B+ Global Electric Boat MarketConsistently Generated Over USD $100 Million in Annual Sales from 2020 to 2023 MONTREAL, QC / ACCESS Newswire / June 23, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) (\"Vision Marine\" or the \"Company\"), a leader in high-voltage electric marine propulsion systems, today announced the acquisition of Nautical Ventures Group, Inc. (\"Nautical Ventures\"), a Florida-based recreational boat dealership, marina, and service provider. Recently named the 2024 Boating Industry \"Dealer of the Year\". Nautical Ventures is widely recognized as one of the top boat dealership networks in the United States-and is notably the number one Axopar dealership globally. This acquisition marks the formation of North America's first electric boat propulsion and boat dealership company, combining Vision Marine's proprietary E-Motion™ high-voltage electric powertrain with Nautical Ventures' retail footprint, multi-brand boat inventory, and full-service infrastructure.\"This acquisition marks a pivotal step in Vision Marine's strategy to scale and compete at the highest level of the global boating industry,\" said Alexandre Mongeon, CEO of Vision Marine. \"The market is entering a new phase-one defined by innovation in propulsion, increasing demand for integrated solutions, and rising expectations from both OEMs and consumers. By joining forces with Nautical Ventures, we gain immediate access to a proven retail and service network, allowing us to accelerate the rollout of next-generation marine technology. Nautical Ventures' founder & CEO Roger Moore has been a mentor and friend for over a decade, and I am honored to carry forward this shared vision under one banner.\"Roger Moore added: \"Nautical Ventures has always focused on bringing the best products and experiences to boaters. Our partnership with Vision Marine allows us to stay true to that mission while expanding what's possible. Electric propulsion is no longer a future concept-it's here, and it's ready.\"Nautical Ventures operates nine high-volume retail locations across Florida, including two flagship waterfront showrooms, providing Vision Marine with direct access to one of the most concentrat...