The big news in the Superyacht world is the acquisition of Perini Navi by The Italian Sea Group.

The €80 million bid won the auction against the likes of the Feretti Group and Sanrolenzo amongst others.

In a statement The Italian Sea Group Founder and CEO, Giovanni Costantino, said “I am very proud of this operation. We wanted to push forward with the investment, but we have approached the auction with absolute determination to acquire all of the asset considering our consolidated competence and the new contracts, in particular in the segment of large sailing yachts. The new production spaces will allow us to increase incoming order for the future in a very dynamic segment, as proven by the two orders for sailing yachts that we signed in December. We are therefore confident to have made the right decision, driven by an incoming order that has exceeded expectations by 50%.”

Allmode would like to wish The Italian Sea Group every success with their new venture.