Vision Marine Technologies Inc., a leader in high-voltage electric marine propulsion systems, has announced the acquisition of Nautical Ventures Group, Inc., a Florida-based recreational boat dealership and service provider. This strategic move marks a significant step in Vision Marine's plan to expand in the global boating industry, providing immediate market penetration through Nautical Ventures' six locations in Florida. The acquisition allows Vision Marine to accelerate the rollout of next-generation marine technology and diversify its revenue streams with dealership sales, rentals, and services. The integration of Nautical Ventures' operations is already underway, positioning the combined entity for accelerated growth in the expanding electric boat market, projected to exceed USD $2.5 billion by 2030. The transaction was funded through a combination of cash, a seller's note, and shares of Vision Marine's common stock.
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