Saxdor Yachts Acquired by Malibu Boats in €150m Deal

Saxdor Yachts has announced its acquisition by Malibu Boats, Inc. (MBI), marking a significant step in the Finnish builder’s global growth strategy. The transaction, valued at approximately €150 million (USD $175 million), will see Saxdor operate as a subsidiary while retaining its brand identity and operational autonomy.

Founded in Loudon, Tennessee, in 1982, Malibu Boats is a global manufacturer of recreational powerboats. The company generates more than USD $800 million in annual revenue, employs over 2,000 people across eight production facilities, and sells more than 5,000 boats each year.

The acquisition reflects a shared ambition to expand globally and accelerate innovation across both companies. Saxdor, founded in 2019, has grown rapidly with a portfolio of 10 boat models ranging from 20 to 46 feet. The company employs nearly 1,000 people and has achieved strong financial momentum, reporting year-on-year revenue growth of 65%, rising from €109 million in 2024 to €180 million in 2025.

By joining Malibu Boats, Saxdor gains access to a broader infrastructure and resources that could strengthen its presence, particularly in North America.

Saxdor confirmed that its management team will remain in place and that the brand will continue to operate independently within the Malibu organisation. Founder and Chief Designer Sakari Mattila will also remain Head Designer.

Malibu’s portfolio currently includes Malibu, Axis, Cobalt, Pursuit, Cobia, Pathfinder, Maverick, and Hewes. The addition of Saxdor strengthens the group’s offering in the premium recreational boating segment, which is expected to grow at a 15% CAGR according to SSI data (2023-2025).

With North America currently representing only a portion of Saxdor’s revenue, the partnership is expected to open new opportunities for expansion in one of the world’s largest boating markets.