Netherlands-based megayacht manufacturer Oceanco was acquired by Mohammed Al Barwani, a private investor based in Oman.
"I see Oceanco as a great brand. The company offers an outstanding growth opportunity as the world economy recovers. Oceanco's order book is healthy and the business shows a strong balance sheet," he said in a statement.
Marcel Onkenhout, former deputy managing director of Oceanco, who has been with the company for 16 years, was appointed the new CEO.
Oceanco has been building megayachts since 1990.
The latest yachts from the shipyard are the 280-foot Vibrant Curiosity, launched in 2009, and the 280-foot Sunrays, launched this year.