Volvo Penta, Yamaha Examine Further Collaboration

(Press Release)
Friday, February 18, 2011

AB Volvo Penta and Yamaha Motor Co., Ltd have decided to set up joint working groups to evaluate the potential for deeper collaboration between the companies.

On December 6, Volvo Penta and Yamaha Motor announced that they had signed an agreement involving technological collaboration relating to the development of electronic control systems for boats. This collaboration is designed to produce technological synergies in the increasingly important field of electronics. The collaboration became operational at the end of the year, but the parties have already decided to take things further and conduct joint studies of the way cooperation between the companies could be further extended.

“Volvo Penta is a world leader when it comes to marine power systems. Yamaha Motor is a world leader in the outboard engine business. Our customer offerings complement one another, so we see tremendous potential for extending our cooperation with a view to creating the marine world’s most powerful combination,” says Volvo Penta’s President and CEO, Göran Gummeson.

The collaboration between Volvo Penta and Yamaha Motor will not include ownership but is based exclusively on partnership in different areas in which the companies see opportunities for cooperation as a result of complementary customer offerings. Yamaha and Volvo Penta have already agreed on distribution cooperation for Volvo Penta’s marine engines on the Japanese market and the parties will study if there are such opportunities for similar ways of cooperation in other markets.  In , Volvo Penta and Yamaha Motor have already cooperated in search for opportunities in marketing to individual boat builders, and they will continue with related efforts. Service, logistics and aftermarket are other areas in which the parties would like to look at opportunities for extended collaboration. Volvo Penta currently offers the marine world’s most global service – and has a dealer network comprising 4,000 service points all over the world.  Yamaha Motor is represented in more than 180 countries and regions worldwide.

The existing technological collaboration will result in the companies utilising common electronic platforms, thereby creating the potential for synergies in terms of diagnostic tools, skills, standardisation and aftermarket services.

“We hope that an extended partnership with Volvo Penta, in which we will benefit from the strengths of both companies, will enable us to create a long-term, competitive alliance with unique opportunities to tackle the challenges facing the marine industry,” says Takaaki Kimura, Representative Director and Senior Managing Executive Officer of Yamaha Motor Co., Ltd.

 

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Lake Charles Tugboat Engine Room Fire Extinguished

The Coast Guard informs that along with the Black Bayou Fire Department it has responded to a tugboat on fire near Lake Charles, Louisiana. At approximately 1:15 p.

Liberian Registry Appoints Catsiba Manager in Dubai

Fay Catsiba has joined the Liberian International Ship & Corporate Registry (LISCR) as Business Development Manager based in Dubai, U.A.E. Greece-born Fay, who

Cook Joins Horizon Shipbuilding as Operations VP

Horizon Shipbuilding, Inc. announced that Mickey Cook has joined the corporation as the Vice President of Operations for the Bayou La Batre shipyard. Cook, one of the founders of C & G Boatworks,

Marine Propulsion

Gas Turbine Acceptance Test Completed for S. Korea Navy

Rolls-Royce has reached a milestone in the Republic of Korea Navy’s FFX frigate program, with the successful completion of acceptance tests for the MT30 gas turbine.

Mercury Marine Launches Repower Financing

Mercury Marine launched a new repower finance program that aims to make it easier for consumers to get the engine performance they want with flexible financing for a broad range of buyers.

MN 100: Twin Disc, Inc.

1328 Racine Street Racine, WI 53403 Telephone: 262 638 4000 Web: www.twindisc.com President and CEO: John H. Batten Number of employees: 990 The Company: Twin Disc designs,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1715 sec (6 req/sec)