The true cost of doing business into today’s cash strapped world of Superyacht Business has been revealed with the announcement by e3 Systems that in order to expand Roger Horner, the Groups Managing Director has had to sell off a controlling interest in the company he founded.
He has sold off 60% of the Group equity to Grupoarbulu, whose headquarters are in Madrid.
Roger Horner, said: “We had been looking for an investment partner when Grupoarbulu approached us to ask us to become part of their Global Leaders marine electronics project. After much discussion over the last year we are very pleased to have found a real partner with the same focus but also to be joining a group of companies with tremendous synergies.”
With the brand and operations remaining unchanged the company will be now in the position where, with an international back-up support and know-how it can grow the business to take advantage of the rapid growth in the marine data communications market.