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De Wave Group strengthens its growth strategy across the entire shipbuilding value chain, consolidating its European leadership as a “one-stop shop” in the Blue Economy.
The Group, led by CEO Riccardo Pompili, has finalized the acquisition of four outstanding Italian companies operating in the cruise and yachting sectors, giving rise to the Italian Shipbuilding Supply Chain Hub. This new hub unites expertise and know-how covering the entire process of designing and producing interiors and technical systems for the cruise and yacht industries.
Specifically, the following companies have joined De Wave Group:
Cantieri Navali San Carlo – Operates in the construction of pleasure and sports boats, also based in Turin.
These strategic transactions align with De Wave’s medium-to-long-term plan to control the entire production process, creating managerial, operational, and economic synergies. The goal is to broaden the Group’s perimeter and further consolidate its position as a global general contractor across all shipbuilding segments of the Blue Economy.
To support the development of the newly integrated companies, De Wave has launched an ambitious €50 million investment plan based on three key pillars.
First, several production facilities will undergo expansion to meet the rising demand from the cruise sector, as European shipyards focus both on new builds and the refitting of vessels already in service.
The plan also includes investments in new equipment and technological development, aimed at streamlining production and fulfilling the growing order portfolio.
In addition, De Wave intends to pursue further external growth should opportunities arise to acquire strategic companies that can add additional value to the Group.
On the recruiting front, the plan foresees approximately 150 new hires over the coming years, mainly to support the increased production output and to strengthen aftersales services, particularly overseas.
De Wave consolidates its role as a global general contractor with international operations spanning 7 production sites and 12 offices in 9 countries, employing over 1,400 highly skilled professionals. These resources will enable the Group to achieve consolidated revenues of €450 million by the end of 2025. With the planned new hires and continued market expansion in both the cruise and yachting sectors, the Group’s overall value is expected to grow even further in the coming year.
Riccardo Pompili, CEO of De Wave Group, stated: “The transactions announced today are part of our long-term strategy of growth through external lines, aimed at creating the Italian shipbuilding supply chain hub. We can now cover every stage of design, production, assembly, and installation for the cruise and yachting industries. Our investment and partnership strategy is also strongly focused on empowering the management teams that have driven the success of their companies and who will play a central role in our ambitious development plan for the future.”
The Group’s acquisition program began in 2021 and, over the past three years, has brought nine strategic companies into De Wave’s production ecosystem. In addition to IVM, Electrical Marine, O.M. Project, and Cantieri Navali San Carlo, the Group has also welcomed Mobil Line (yacht interiors), S.E.R. (a leading producer of radiant elements), Tecnavi (HVAC and refrigeration systems), Wingeco (glass panel production), and Inoxking (steel manufacturing, galley furniture, and onboard refrigeration equipment for the maritime industry).
Pompili concluded: “With the addition of these four key players, we will strengthen strategic areas such as refitting, technological innovation, and after- sales services, integrating essential expertise to tackle new market challenges. Ours is a highly specialized sector in which craftsmanship and know-how remain the true added value of production — and these cannot be replicated by any AI- powered virtual assistant. As demonstrated by our hiring plan, we intend to continue investing in the talent and capabilities of the companies joining our Group, enhancing their unique strengths and fostering tangible synergies within a sustainable growth framework.”
Pietro Iemmolo, CEO of IVM, added:
“We have known De Wave for a long time and share the same industrial vision. This partnership is founded on a complete alignment of goals: working together to ensure continuity, leverage our expertise, and create new opportunities for growth — for our people and for the entire Italian shipbuilding industry.”
Maurizio Montesion, CEO of Electrical Marine, commented:
“We saw in De Wave the opportunity to further develop our business within a major industrial project like the new nautical hub. Joining this Group means growing together, sharing experience and expertise to strengthen Italy’s shipbuilding supply chain and face future market challenges with greater solidity.”
For the acquisition of the IVM Group, De Wave was assisted by:
The IVM counterpart was assisted by:
Finally, for the acquisition of the Electrical Marine Group, De Wave was assisted by:
The Electrical Marine counterpart was assisted by:
Genoa
