Cormate and Ryds join forces. Combining Our strenghts to excel in the future, is key for the new maritime entity based out of Scandinavia.
Egil Ranvig, founder, owner and Chief Designer at Cormate, expresses, “We are not just acquiring a brand; we are inheriting a legacy. It’s about continuing Ryds’ successful journey with a fresh and dynamic approach. Our goal is to marry Cormate’s competence in innovative design, efficiency and seaworthiness, with Ryds’ rich history and professional production methodology, creating boats that transcend expectations.”
Take a look at the powerful story behind Ryds here: RYDS
Read the full press release here:
Cormate Acquires Ryds: Uniting Scandinavian Strengths!
Fredrikstad, Feb 2nd, 2024
In a resounding maritime alliance, Cormate, the celebrated premium boat designer, welcomes Ryds into its fold, transcending a mere business transaction to pledge a thrilling future for Scandinavian boat industry. The strategic acquisition not only preserves Ryds’ 70-year legacy but injects new life through innovation, promising to steer it towards unprecedented success.
Preserving Heritage, Igniting Innovation:
Cormate’s acquisition goes beyond a transaction; it’s a commitment to uphold Ryds’ strong brand and rich history while infusing cutting-edge innovation. Cormate, with a remarkable reputation for groundbreaking designs and performance, aims to elevate Ryds to new heights by blending efficiency, seafaring capabilities, and sought-after design in this strategic alliance.
Cormate and Ryds, Two Strong Scandinavian Brands:
The Norwegian company Cormate, having 20 years anniversary this year, are known for several international awards for it’s groundbreaking designs and performance. The Cormate boats are engineered and developed by its mother company Hydro Design AS with close to 40 years of experience in the development and production of high quality boats with outstanding efficiency, performance and seaworthiness.
Ryds history goes all the way back to 1946, where production of leisure boats started in 1968, focusing on high quality, safety and functionality. Ryds also has a background as the biggest producer of boats in the Nordic with close to 4000 boats/year. All the way from the headquarter and production facilities in Ryd, Sweden. Ryds boasts one of the most modern and environmently friendly production techniques, utilizing state-of-the-art double mould infusion technology.
Long-Term Investment and Local Support:
Cormate’s vision extends to a long-term investment, securing not only the acquisition but also the property with 8500 m2 building mass through fruitful negotiations with the local government. Local support from Sparbanken Eken has played a pivotal role in ensuring the continuity of production in Ryd, Sweden.
“Acquiring Ryds’ operational property not only secures local know-how and valuable production expertise but also anchors our dedication to preserving a legacy of craftsmanship in Ryd, ensuring a prosperous future for the community and the renowned Swedish boat manufacturing landscape,” says Jon Aksel Brynildsen, CEO of Cormate.
Designing the Future with Egil Ranvig:
Central to this venture is Egil Ranvig, an industry legend, appointed to spearhead the design and development of future Ryds boats. His visionary approach aims to infuse a new spirit into Ryds, setting the benchmark for excellence in it’s segment.
Egil Ranvig, founder, owner and Chief Designer at Cormate, expresses, “We are not just acquiring a brand; we are inheriting a legacy. It’s about continuing Ryds’ successful journey with a fresh and dynamic approach. Our goal is to marry Cormate’s competence in innovative design, efficiency and seaworthiness, with Ryds’ rich history and professional production methodology, creating boats that transcend expectations.”
Anchored in the Nordic Seas: Navigating Global Waters with Ryds:
Rooted in Nordic waters, Ryds sets sail for global horizons. While expanding worldwide, we value and will keep high focus on our Nordic markets as the foundation of our maritime journey.
In collaboration with Cormate, dealers, and strategic partners, Ryds is poised to conquer new horizons and solidify its already strong position.
For further information, please contact:
Egil Ranvig, founder and owner of Cormate
Phone: +47 402 00 740
E-mail: egil@cormate.com
Jon Aksel Brynildsen, CEO Cormate AS
Phone: +47 916 46 447
E-mail: jon.aksel@cormate.com
Patrik Håkansson, VD Ryds Boats AB
Phone: +46 726446999
E-mail: patrik.hakansson@ryds.se