Oracle Racing leaves NZ

Oracle Racing leaves NZ Oct 4, 2023 9:19:05 GMT 12 ComfortZone likes this

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Post by fish on Oct 4, 2023 9:19:05 GMT 12

Oct 4, 2023 8:39:34 GMT 12 ComfortZone said:

Interesting move

sailgp.com/news/23/rocket-lab-acquires-sailgp-technologies-new-zealand/

According to the companies register, Sail GP Technologies is wholly owned by Oracle Racing Inc, Wussell and an Andrew Thompson (UK) are the directors.

Looks like Rocket Lab gets all the facilities but not the real estate. Hope Rocket Lab keep all the existing employees on and grow the business, will be good for Warkworth.

I wonder if Sail GP are going to set up a build operation in UK.

There was an article in the MSM about this.
Rocket Lab are keeping all the stuff and said they would continue making rocket parts, I got the full impression it was all in Warkworth. They were making the parts under contract anyway.
SailGP are setting up a manufacturing base on the South Coast of England. But I think it wont be operational till next year or something.

Overall a good outcome I think. Building specialist gear for a certain yacht race or class of yacht is always a transitory job. Sounds like Rocket Lab will be less transitory and longer term. There is always more need for military satellites you know

NZ Sailing

Oracle Racing leaves NZ

Post by ComfortZone on Oct 4, 2023 8:39:34 GMT 12

Post by fish on Oct 4, 2023 9:19:05 GMT 12

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