Grant Thornton experts supported the Finnish Axopar Group in the process of acquiring a majority stake in Markos Sp. z.o.o., based in Słupsk. Our advisors provided financial due diligence, confirmation of tax risks indentified by the buyer's advisor and transaction advisory services.

In line with Axopar’s growth strategy, the investment is a strategic move marking a significant expansion for Axopar’s business, strengthening its leading position in the adventure boat industry. With this investment, Axopar gains access to Markos’ state-of-the-art composite manufacturing facilities, technologies, know-how and their highly skilled workforce in Poland, renowned for their expertise in original equipment manufacturer (OEM) production. This will enable Axopar to enhance its R&D and production capabilities, streamline its operations, increase efficiency, and meet the growing demand for its innovative products.

Axopar, the adventure company, is one of the fastest-growing boat brands in the world. Today, Axopar directly employs about 190 persons across 5 offices in Europe, and together with its OEM partners, employs over 700 persons in total. The company has always stood without any debt and is officially listed by the Financial Times as one of the fastest growing European companies. Year by year, Axopar develops sales in existing markets with more than 5 500 boats built so far, through a network of plus 100 dealers in more than 50 countries.

Markos specializes in fiberglass-reinforced composites, based on more than 30 years of experience in design, construction, and fabrication. The company was founded in 1991, and its products are offered in 30 countries today. Markos’ facilities are located in Slupsk, Poland.

 

 

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