SuperYacht Times logo Market intelligence promo small
Market Intelligence
Latest news
Advertisement

Arcadia Yachts acquires 21% of Marine Di Torre Annunziata

Business
Written by
Laura Nicholls

Arcadia Yachts has announced it is expanding after acquiring 21% of Marine Di Torre Annunziata in Italy. The new site, located next to the current facility, sees Arcadia Yachts increasing their production area by 30%, giving them a facility area of over 47,000 square metres.   Arcadia shipyard facility in Torre Annunziata Photo: Arcadia YachtsFollowing Arcadia Yachts' expansion, the shipyard’s production capacity is set to increase by approximately 11,000 square metres. After investing more than €30,000,000 over the past ten years, Arcadia will use their new site to produce more yachts, including larger products and improve after-sales services. The Neapolitan builder’s post-sales work has resulted in the shipyard deal with the wintering and maintenance of 40% of customers’ vessels. Arcadia shipyard facility in Torre Annunziata Photo: Arcadia Yachts“It was almost automatic for us to identify the acquisition of 21% of Marina di Torre Annunziata as a fundamental option for the natural growth of our activities, in line with our principles and with what we have done so far,” said Ugo Pellegrino, Sole Director of Arcadia Yachts.

Arcadia shipyard facility in Torre Annunziata Photo: Arcadia Yachts

The SuperYacht Times iQ Report

SuperYacht Times - The State of Yachting 2020

Being the intelligence partner for the top shipyards and yacht brokers in the world, we have learned to analyse and track the market in great detail. Each year our leading market report is used by investors, CEOs, owners and other key decision makers to inform themselves on the state of the market and future developments. Find all the information you need on the market, fleet, construction book, ownership nationalities and much more in our report.


#weknow - do you want to know? Buy the report now for only €299!

Advertisement

Related companies

Related articles