3 August 2019

MARITIMO’S GLOBAL EXPANSION MOVES INTO HIGHER GEAR

Leading Australian luxury motor yacht manufacturer Maritimo is the most advanced in its history with the brand’s global outreach strategy pushing strongly into Europe, The Americas and the Middle East.

The company is on target to increase its global sales into these markets predicting more than 50 percent of its overall production this financial year will be exported offshore.

CEO Garth Corbitt said the Queensland based manufacturer had just completed a $13 million expansion of its production facility at the Coomera Marine Precinct and now had set in place a global network of representatives to drive its international expansion strategy.

Maritimo M51 luxury motor yacht

“Never before have we been so well established to take the brand forward and increase our awareness levels and ultimately sales in the most significant markets internationally,” he said. “This global expansion strategy has been formulated by the senior management team over a period of years and it has been necessary to get the foundations set correctly before embarking on that journey.”

“Naturally you have to have the product and the capacity at the back end to achieve that and we are confident we have” he said.  “Our product line is as diverse as it has ever been, our investment into research and development is paying off handsomely and our physical production footprint has almost been doubled in the past 18 months providing the capacity for future expansion.”

Maritimo motor yachts

Corbitt said Maritimo in the Americas was already producing significant results with the team led by Maritimo Americas’ President Dave Northrop recording total sales in the past year in excess of US$20 million.

Maritimo is in the final stages of negotiating the appointment of a Barcelona based representative to head up its European operations.

“We have had lengthy discussions with them and I am confident an arrangement will be finalised shortly,” said Corbitt. He said the operation is headed by a highly respected and experienced European marine industry identity.

Corbitt said Maritimo was also in discussions with a major company in the Middle East and was seeking to open up that market place.

“The company we are speaking with is the leading importer and distributor of luxury automobile and marine products in Saudi Arabia,” he said. “It has more than 800 employees.”

Maritimo M51 luxury motor yacht

He said closer to home Maritimo was achieving strong sales in New Zealand and a significant number of its Gold Coast manufactured vessels were making their way across the Tasman to New Zealand home ports.

“Our international strategic roll-out has been several years in the planning and now all the pieces are finally being put in place for its expansion,” said Corbitt. “The Maritimo brand is set to get much bigger on the world stage in coming years.”


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