YANMAR and Smartgyro announce strategic partnership

Source: press release, 27 February 2020

Smartgyro SG 80 gyro stabiliser
Smartgyro SG 80 gyro stabiliser (illustration: Smartgyro)

YANMAR, provider of marine engines and propulsion systems, and Smartgyro S.r.l., a gyro stabilisation technology company, have announced they have entered into a strategic partnership. The partnership includes close collaboration between the two companies and an equity investment by YANMAR enabling Smartgyro to accelerate its design, development and launch of a full line-up of highly advanced gyro stabilisers for recreational and commercial marine applications.

“We are pleased to partner with Smartgyro, a company with deep understanding of boat stabilisation, great engineering expertise and compelling gyroscopic stabilisation products under development that together are uniquely complementary to our marine systems, equipment and knowhow,” says Shiori Nagata, President YANMAR Marine International B.V. and leading YANMAR’s Recreational Marine Business Unit. “The partnership provides YANMAR an entry to the growing gyro stabiliser market and perfectly matches YANMAR’s vision to enhance boater enjoyment, comfort and safety with technologically advanced marine systems.”

Based on its innovative gyro stabilisation technology, Smartgyro is designing and developing a full range of gyro stabilisers, which will come to market soon.

“We are thrilled to welcome aboard YANMAR as business partner,” states Smartgyro founder Carlo Gazerro. “YANMAR is a large global company with a leading position, network and decades-long experience in global recreational marine. We are very proud that such a company recognised the uniqueness of Smartgyro’s gyro stabilisation technology and is investing in accelerating our growth. In partnering with YANMAR, we will have a stable and strong backing to design, develop and – once ready – provide a line-up of state-of-the-art gyros, for new boats and refit installations, virtually eliminating boat roll to improve the well-being of those on board.”

The partnership includes an equity investment through which YANMAR acquired majority ownership of Smartgyro. Smartgyro will operate as a stand-alone entity within YANMAR’s Recreational Marine Business Unit and remains located in La Spezia (SP), Italy.