Acquisition of Sunseeker by Dalian Wanda Group Confirmed

Sunseeker International, builder of highly-distinctive motor yachts, confirmed that following the approval by the relevant Chinese regulators, the acquisition of Sunseeker by Dalian Wanda Group completed on the 27th of August 2013.

Sunseeker will remain a British company, headquartered in Poole and will maintain its existing primary production base in Dorset, along with its current workforce and infrastructure. The existing management team will remain on the Sunseeker Boards and Robert Braithwaite, the founder of the company will continue to be involved in the business and remain as Group President. Robert and Sunseeker’s management team have made a significant reinvestment in the business, providing continuity and a strong platform for the new model programme currently being developed in Poole.

The new majority shareholder, Dalian Wanda Group, China’s largest premier commercial property and entertainment conglomerate, supports Sunseeker’s commitment to superior products and its premium brand, both of which will be further enhanced by their involvement in the business.

“The news is fantastic for the business, the wider Sunseeker family, the motor yacht industry and will allow Sunseeker to expand its global base still further while retaining its current operational and manufacturing infrastructure at the headquarters in Poole,” the company said in a release.

[mappress]
Press Release, August 30, 2013