Ocean Yacht Systems is sold

Ocean Yacht Systems (OYS) has undergone a Management Buy-Out (MBO), whereby the current directors have purchased Ocean Yacht Systems Ltd for an undisclosed sum with immediate effect.

Having been guided by a holding company since 1998, OYS have been known for innovative products and pushing the boundaries with technical developments within the superyacht industry for thruster, hydraulic and rigging solutions. Together with the holding company, OYS have always taken a very proactive role in investing and encouraging continuous development and flexibility in order to meet the challenging market needs. This innovation has been driven by the management team who have now instigated and completed this MBO.

The primary contacts remain the same with Wayne Shatwell continuing to lead as managing director, ably supported and guided by Daniel Wilson as finance director, Mark Barwell as sales director and Ian Crowden as technical director.

Wanye Shatwell said, “This is a very exciting time for everyone at OYS. The four of us have worked together now for the last seven years, we have adapted the company to the changes in the market place and we are looking to continue this progression.”

Today OYS works with leading superyacht and commercial yards around the world providing technically advanced marine engineering solutions.

For more information visit www.oceanyachtsystems.co.uk.