Italian yacht brand acquisition

Author:
Publish date:
MondoMarineAcquisition

Palumbo Superyachts, yachting division of Italy’s Palumbo Group, has acquired Mondomarine of Savona, Italy. Terms were not disclosed.

Mondomarine went into bankruptcy last year.

"We’ve been working on this for almost a year,” said Giuseppe Palumbo, Palumbo CEO said in the statement. “We strongly believe in the potential of the renowned brand of Mondomarine and the geographic location of the shipyard. This acquisition will further strengthen our position to provide unparalleled service on new builds, refit and maintenance from our network of shipyards.”

A company statement said that the acquisition has extended the size of Palumbo Superyachts and the Palumbo Group. The group is the largest refit/repair network in the Mediterranean and East Atlantic. It has eight other shipyards in Ancona, Naples, and Messina, Italy; Malta (2); Marseille, France; Tenerife, Spain and Rijeka, Croatia.

International designers have been hired by Palumbo Superyachts to design the new Mondomarine yacht projects.

Related

Brunswick Partners with Carnegie Robotics

Through the alliance, Brunswick aims to enhance its autonomous technology offerings.

Nicole Vasilaros to Depart NMMA

The group credits the senior vice president of government and legal affairs for “countless contributions to the protection and expansion of the recreational boating industry.”

Site Unseen

A website is often the first interaction a customer will have with a dealership, but it must provide more than an online brochure or they will click elsewhere.

C.G. Amends Documentation Rules

Federally documenting a boat now must be done every five years, rather than annually.

The 2021 Top 10 Most Innovative Marine Companies Awards

The marine industry consistently honors products and people. The industry, however, has not recognized forward-thinking companies that are moving the industry in new directions. Soundings Trade Only’s mission is to reflect, inform and inspire.

German Superyacht Yard Files for Bankruptcy

Nobiskrug cited a lack of orders, the Covid-19 pandemic and other factors in its decision to start the proceedings.

West Marine Acquired

The private-equity firm L Catterton will take a controlling interest in the retailer’s ownership.

Kicker Supports Two Events on Lake Havasu

The marine audio company will take part in the performance-boat events Super Cat Fest West and the Desert Storm Poker Run this weekend and next.

Bay Bridge Show Starts Tomorrow

The combined sail- and powerboat show runs through Sunday in Stevensville, Md.