The organisation have been viewed as a key innovator in the marine industry and own the Nautique boat company, while they have also bought both Centurion Boats and Supreme Boats.

A deal with the IWWF will now see Nautique become the exclusive boat provider for Waterski World Championships from 2016 until 2025.

Under the terms of the agreement, the Junior, Under-21, Over-35, University and Disabled World Waterski Championships will all be included.

Centurion Boats is now set to become the official wakeboard boat provider as part of the Correct Craft’s partnership with the IWWF.

Kuno Ritschard, IWWF President, expressed his delight at sealing the agreements as he seeks to boost towed water sports.

"This long term partnership with Correct Craft is the beginning of a new era and opens many exciting new opportunities for the IWWF,” he said.

“We greatly appreciate their generous support and are proud to co-operate with one of the leading and most successful companies of the watersports industry."

Correct Craft also own the Bass Cat, Yar-Craft, PCM Marine Engines, Crusader Engines, Levitator Engines companies, as well as three boat and cable parks.

“We are very excited about this opportunity, not just for the ability to showcase our boats’ dominant wakeboard performance on the international stage but also for the opportunity to work with the IWWF," Paul Singer, President of Centurion and Supreme Boats, said. 

“There is no water sports group, domestic or international, which does more for waterskiing, wakeboarding and the athletes who love these sports.”