Arvo Sijoitusosuuskunta, listed on the Nasdaq North Growth market, has become a minority shareholder in the Kokkola‑based Quarken Boats Oy through private placement worth €1.5 million. The financing package enables the launch of a new flagship boat range.

“We have been working with Quarken for over a year through bridge financing. During this cooperation, we had the opportunity to closely follow the company’s operations and the potential of Finnish boatbuilding, which gave us the confidence to join the company’s growth also through ownership,” says Arvo’s Chief Investment Officer, Kati Peltomaa, describing the investment process.

Arvo’s investment is part of a broader financing package that enables the development and launch of a completely new over 40‑foot model range.

“For some time now, our customers have been asking for a larger boat to complement our 27‑ and 35‑foot model ranges. We have explored the concept together with our dealer network and our engine partner Yamaha. We all share the same view of the strong demand for a 40‑foot model range. Arvo joining as a shareholder provides the capital required for this investment, while also strengthening our board work, expert networks, and execution of our growth plan,” says Quarken Boats’ CEO, Antero Sundberg.

According to the plan, the first new boats will be completed during summer 2027. The financing package for Quarken Boats also includes OP Financing Group, State-owned  Finnvera plc, and the ELY, Center of economic development.

Quarken boats represent modern Nordic design, innovative solutions, and a highly refined user experience. All Quarken boats are built in Finland. The boats have received several nominations and awards in international competitions and are sold in more than 25 countries.

For further information, please contact:
Arvo Sijoitusosuuskunta, Kati Peltomaa. Puhelin: +358 44 729 1220. kati.peltomaa@arvosjoitus.fi
Quarken Boats Oy, Antero Sundberg. Puhelin: +358 500 406405. antero.sundberg@quarken.com

Read more about Arvo here (in Finnish): https://arvosijoitus.fi/

Press release, Cannes Yachting Festival 10^th-15^th September 2024

Quarken 35 Sport Tourer – Superior, Sporty, and Stylish

The 35 Sport Tourer shows how sophisticated Nordic design and solutions can be combined with superior performance for an unforgettable on-water experience. Cleverly designed seating arrangements offer plenty of relaxation space. The standard wet bar is well-equipped with storage space, a fridge and fresh water.

Helm and navigation
The helm has a clean, modern and a sporty feel to it. It can be equipped with twin Garmin 12” touchscreen displays, Yamaha helmmaster and wireless charging for phone as well as many other technical features. The Sport Tourer comes standard with ZipWake automatic trim system and bow thruster with variable speed that makes it easy to dock and manoeuvre the boat. All the dash board and console panels have a high-gloss black finish and the steering wheel is adjustable.

The cockpit area is covered by a solid T-top roof constructure that offers weather protection. The roof includes a glass sky window that provides a light-flooded atmosphere in the cockpit.

Flexible seating solutions
The double helm seat/sofa comes with electrical pedestals which makes it possible to easily adjust the seating height for the best possible driving position. It is also easy to convert the sofa to an L-sofa in the cockpit thanks to the electrical pedestal solution. By flipping the backrest of the large aft sunbed to the rear a U-formed dinning area is formed in a blink of an eye. The wet bar unit is in a central position on the port-side in the cockpit, directly opposite the U-sofa, which makes it easy to prepare and cook meals while at the same the socializing with family and friends.

The comfortable aft sunbed is the perfect spot to enjoy lazy days out in the sun. Underneath it holds a generous compartment storage for water sports equipment and other cargo. The manually opening side terraces in the aft are standard and give additional seating space while at anchor. The large sundeck in the bow offers additional seating space and is easily accessible from aft through the passageway on the starboard side. Under the sunbed in the bow there is a deck hatch to the front cabin, that makes it easy to load luggage and also ventilate the cabin on hot days.

Comfort of the forward cabin
The forward cabin has a cozy and comfortable large bed for two adults and a sofa that can be extended to a bed for children. The interior is defined by high-class materials in a soft and neutral Nordic colour palate that creates a calm and peaceful atmosphere to relax. Underneath the bed and sofa, there is a storage space. The enclosed toilet compartment is on the port side in the forward cabin. It is equipped with a toilet, sink and shower that guarantees easy living onboard

Power and performance
The Quarken 35 Sport Tourer is designed, produced and assembled in Finland. The twin-step hull is manufactured by vacuum infusion technology that offers benefits as thickness control of the GRP and quality consistency in the production process. The outcome is a strong, nimble and lighter hull with lower fuel consumption. The 35 Sport Tourer is powered by twin Yamaha F300 outboard engines, and as an option an upgrade possibility to twin 350’s is possible. Both pairings provide a confident and dynamic drive. The top speed with F300 engines is 44 knots and the fuel consumption is under 3,0 ltr/ nautical mile (in 3500 rpm). With F350 engines top speed is approximately 50 knots and fuel consumption practically same as with F300 engines.

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Watch video HERE

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