The Italian superyacht builder Admiral Tecnomar has announced the acquisition of Nuovi Cantieri Apuania from Invitalia, the Italian National Agency for attraction of investments and enterprise development of Ministry of Economy and Finance.
As a result of this acquisition, the The Italian Sea Group was formed, one of the biggest groups in Italian shipbuilding. The Italian Sea Group consist of:
Superyacht builder Admiral Tecnomar
Concentrated on building superyachts in aluminum and steel
high-tech value shipbuilding industry NCA
Development of activities in shipbuilding placing the attention on high-tech constructions
NCA Refit - active in refitting large ships and yachts.
The development of the particularly promising business of refitting and service for large ships and yachts, in partnership with high-qualified international brokers.
In virtue of such an industrial plan, the actual occupational levels will be preserved, maintaining all 150 workers within the next two years. Furthermore, new investments in the NCA area are expected for about 8 million Euros.
Giovanni Costantino, Chairman of Admiral Tecnomar, stated: “We arrived to the conclusion of this acquisition with a total financial autonomy, real demonstration of the concreteness of our approach and of the solidity which differs our activity from others. Strong industrial synergies among the business areas of these two realities, especially from a productive, logistic and project point of view, but also concerning the technical know how, as a result of this acquisition”.
“The decision to acquire NCA - continues the Chairman Costantino – stands on a meticulous evaluation of structural, economic and financial values of the company. The widening of the Admiral Tecnomar production capacity will allow us to gather all the opportunities on the market, particularly in the field of vessels superior to 50 meters. From a sales point of view, we are intended to operate on two different markets, but thanks to the grafting of such a solid competence in the shipbuilding, we want to give further authority to Admiral Tecnomar in order to reinforce its top position in the field of luxury mega yachts”.