Facebook
    Trending
    • Royal Bangkok Symphony Orchestra Triumphs in Historic Russia Debut
    • Crystal Grill House at Asiatique: A Feast for the Senses in Bangkok
    • Beach Polo 2025: Asia’s Largest Beach Polo Tournament Returns to Hua Hin
    • From Journalism Student to Culinary Icon: Pichaya “Pam” Soontornyanakij Makes History as World’s Best Female Chef 2025
    • Singapore Yachting Festival 2025 Concludes with Record Success
    • Time of Prestige: Watches and Wonders Geneva 2025
    • A New Crown Jewel: Aman Nai Lert Bangkok Elevates Luxury in Thailand’s Vibrant Capital
    • HOME OF THE MONTH
    View Complete Issue Catalog
    Facebook
    Hot Magazine
    • Home
    • Events
      1. Upcoming Events
        • Hua Hin Events
        • Bangkok Events
      2. Past Events
        • Hua Hin
        • Bangkok
        • Pattaya
        • Phuket
      Featured
      April 28, 2025

      Beach Polo 2025: Asia’s Largest Beach Polo Tournament Returns to Hua Hin

      Recent
      April 28, 2025

      Beach Polo 2025: Asia’s Largest Beach Polo Tournament Returns to Hua Hin

      February 28, 2025

      HOT Magazine’s 12th Anniversary Gala: A Night of Glitz, Glamour, Recognition, and Compassion

      February 28, 2025

      DEFINING GREATNESS: HOT Magazine Introduces The Signature Awards for Thai Hospitality Icons

    • Restaurants
      1. Hua Hin Restaurants
      2. Bangkok Restaurants
      Featured
      April 28, 2025

      From Journalism Student to Culinary Icon: Pichaya “Pam” Soontornyanakij Makes History as World’s Best Female Chef 2025

      Recent
      April 28, 2025

      Crystal Grill House at Asiatique: A Feast for the Senses in Bangkok

      April 28, 2025

      From Journalism Student to Culinary Icon: Pichaya “Pam” Soontornyanakij Makes History as World’s Best Female Chef 2025

      March 28, 2025

      A Taste of Excellence: Inside Bangkok’s Most Celebrated Michelin-Starred Kitchens

    • Yachting
      1. New Yachts For Sale
        • Aquila
        • Beneteau Powerboats
        • Beneteau Sailboats
        • Bluegame
        • CNB Yacht Builders
        • Fairline
        • Lagoon Yachts
        • Sanlorenzo
      2. Pre-Owned Yachts For Sale
      3. Yachting In Hua Hin
      4. Yachting In Pattaya
      5. Yachting In Phuket
      Featured
      April 28, 2025

      Singapore Yachting Festival 2025 Concludes with Record Success

      Recent
      April 28, 2025

      Singapore Yachting Festival 2025 Concludes with Record Success

      January 27, 2025

      Waves of Luxury: The Thailand International Boat Show 2025

      November 28, 2024

      Our Pick Of The Top Yachts For Cruising Thailand’s Turquoise Waters

    • Hotels
      1. Bangkok Hotels
      2. Hua Hin Hotels
      3. Pattaya Hotels
      4. Phuket Hotels
      5. Samui Hotels
      6. International Hotels
      Featured
      April 28, 2025

      A New Crown Jewel: Aman Nai Lert Bangkok Elevates Luxury in Thailand’s Vibrant Capital

      Recent
      April 28, 2025

      A New Crown Jewel: Aman Nai Lert Bangkok Elevates Luxury in Thailand’s Vibrant Capital

      March 28, 2025

      Andaman Elegance: The Ultimate Ritz-Carlton Experience in Langkawi

      February 28, 2025

      The Art of Seclusion: V Villas Hua Hin – MGallery Collection’s Beachfront Masterpiece 

    • Faces
    • Places
      Featured
      November 28, 2024

      Discovering Hanoi: A Journey Through Time and Beauty

      Recent
      November 28, 2024

      Discovering Hanoi: A Journey Through Time and Beauty

      October 30, 2024

      Phnom Penh: Cambodia’s Resilient Capital Where Past Meets Present

      August 28, 2024

      Kuala Lumpur: A Vibrant Tapestry of Culture, History, and Modernity

    • Pageantry
    • Property
      1. Home Of The Month
      2. Property News
      3. Featured Developments
      4. Hua Hin’s Best Buys
      Featured
      December 29, 2024

      Asia’s Property Elite Shine at Prestigious PropertyGuruAsia Property Awards Grand Final

      Recent
      April 28, 2025

      HOME OF THE MONTH

      March 28, 2025

      HOME OF THE MONTH – A Pristine Sanctuary in Northern Thailand’s Chiang Rai

      March 28, 2025

      The Future of Thai Architecture: Luxury Design Trends

    • More
      1. Aviation
      2. Beauty
      3. Lifestyle
      4. Motoring
      5. Spas
        • Bangkok Spas
        • Hua Hin Spas
      6. Spirits
      7. Style
      Featured
      April 28, 2025

      Time of Prestige: Watches and Wonders Geneva 2025

      Recent
      April 28, 2025

      Royal Bangkok Symphony Orchestra Triumphs in Historic Russia Debut

      April 28, 2025

      Time of Prestige: Watches and Wonders Geneva 2025

      January 27, 2025

      The Sugar King’s Legacy: How Asia’s First Modern Conglomerate Shaped Business History

    Hot Magazine
    Yachting

    Sanlorenzo’s Strategic Move: Acquiring Simpson Marine Group

    April 29, 2024Updated:April 29, 20243 Mins Read

    Sanlorenzo S.p.A. has recently made a significant move in the luxury yacht market by acquiring 95% of Simpson Marine Limited, a major player in Asia’s yachting scene. This strategic acquisition, finalized on 5th March 2024, marks a new chapter in Sanlorenzo’s global expansion plans and underscores the growing importance of the Asia-Pacific (APAC) region in the luxury yachting industry.

    The acquisition, valued at USD 10 million with a potential earn-out of up to USD 7 million based on 2023 fiscal year profits, solidifies Sanlorenzo’s position in key Asian markets. Simpson Marine, with a rich history spanning forty years, has been a leading yacht sales and service company across APAC, operating in countries like Hong Kong, Singapore, China, Thailand, Indonesia, Malaysia, and Taiwan. This extensive network provides Sanlorenzo with direct distribution channels in crucial regions, setting the stage for accelerated growth and market penetration.

    Sanlorenzo Owner, Massimo Perotti.”
    Mike Simpson

    The APAC region is witnessing a surge in Ultra High Net Worth Individuals (UHNWIs), making it a hotspot for luxury yacht sales. Compared to traditional yachting markets like the Mediterranean and the Americas, APAC offers a lower starting basis for yachting enthusiasts, attracting a broader range of affluent buyers. Initiatives such as yachting marinas’ development projects and the emergence of Hainan as a luxury hub further fuel optimism for sustained market expansion in the region.

    Simpson Marine’s role in Sanlorenzo’s global strategy is pivotal, especially in enhancing service offerings. The acquisition brings together decades of expertise in services like charter, refit, superyacht brokerage, and yacht concierge, complementing Sanlorenzo’s high-end product portfolio. The synergy extends to cross-border commercial propositions, leveraging Sanlorenzo’s extensive presence from West to East through Simpson Marine’s established network.

    Luca Cristino, a long-term executive at Sanlorenzo and the newly appointed Executive Chairman for Simpson Marine Group, emphasizes the strategic significance of this acquisition. Cristino highlights the company’s commitment to a direct distribution model, aiming to provide unparalleled customer service regardless of their location. With plans for expansion into markets like Australia, New Zealand, Japan, and Vietnam, Simpson Marine is poised for a dynamic year ahead, aligning seamlessly with Sanlorenzo’s ethos of bespoke and made-to-measure luxury.

    The year 2024 holds immense promise for Simpson Marine, backed by Sanlorenzo’s resources and strategic vision. As the yachting industry continues to evolve, this acquisition positions Sanlorenzo as a dominant force in APAC’s luxury yachting market, promising exciting developments and business opportunities for both companies.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Singapore Yachting Festival 2025 Concludes with Record Success

    Waves of Luxury: The Thailand International Boat Show 2025

    Our Pick Of The Top Yachts For Cruising Thailand’s Turquoise Waters

    Comments are closed.

    Latest Issue
    Subscribe to Receive Every Month

    Check your inbox or spam folder now to confirm your subscription.

    About
    About

    HOT Magazine is a Thailand based luxury lifestyle magazine connecting with Asia’s wealthy, brand-conscious, high net worth individuals, through their chosen lifestyle activities. These include polo, boating, spas, luxury automobiles and extreme sports. HOT Magazine also spans every relevant luxury segment, such as Travel, Fashion, Art & Design, Food, Shopping, Wine & Spirits. The magazine is rounded out with interesting interviews from the likes of Billionaire Bill Heinecke to Philip B whose hair care products are found in Royal households around the world as well as used by celebrities such as Lady Gaga, Madonna & Sir Richard Branson. Although all materials are published in good faith.

    Recent Posts
    • Royal Bangkok Symphony Orchestra Triumphs in Historic Russia Debut
    • Crystal Grill House at Asiatique: A Feast for the Senses in Bangkok
    • Beach Polo 2025: Asia’s Largest Beach Polo Tournament Returns to Hua Hin
    • From Journalism Student to Culinary Icon: Pichaya “Pam” Soontornyanakij Makes History as World’s Best Female Chef 2025
    • Singapore Yachting Festival 2025 Concludes with Record Success
    • Time of Prestige: Watches and Wonders Geneva 2025
    • A New Crown Jewel: Aman Nai Lert Bangkok Elevates Luxury in Thailand’s Vibrant Capital
    Advertise here!
    Sidebar Ad

    Contact Us for ad prices.

    Copyright © Hot Hua Hin 2014 - 2021. Powered by DEEPMIX MEDIA.
    Copyright © Hot Hua Hin 2014 - 2019. Powered by DEEPMIX MEDIA.
    • Home
    • All Issues
    • About
    • Contact

    Type above and press Enter to search. Press Esc to cancel.