Finnish Axopar Group made a significant move on June 4, 2024, by acquiring a majority shareholding in Markos Sp. z.o.o. through its newly founded subsidiary, AX Composites Ltd. This strategic acquisition marks Axopar’s ambitious step toward becoming a global leader in composite technology manufacturing.
Markos, located in Slupsk, Poland, specializes in building componentry for heavy industry, as well as the energy, marine and leisure industries. Markos is a leading manufacturer of fibreglass-reinforced composite products. The company has over 30 years of experience in component design, construction, and fabrication. The net sales of Markos were over EUR 71 million in 2023, and the company employs over 1,200 staff.
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. Despite a market slowdown, Axopar achieved a 15% revenue growth in 2023 while also increasing its profitability.
With this investment, Axopar gains access to Markos’ 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 is exclusively imported into Australia and New Zealand by Eyachts.
