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Baltic Yachts makes official offer to acquire Cantieri di Pisa

New-Build Business
Written by
Justin Ratcliffe

According to the Italian media, Baltic Yachts has made an official bid (reportedly in excess of €3,000,000) to acquire Cantieri di Pisa, the historic Italian brand that became famous for its motorboats named after celestial constellations, especially the iconic Akhir series designed by Pier Luigi Spadolini.

The news comes in the wake of least one other international tender by a Middle Eastern holding company and after two months of site inspections and negotiations by Baltic. The local authorities and bankruptcy administrators of the defunct Mondomarine shipyard, which acquired Cantieri di Pisa in 2015, have 60 days to confirm the offer.Baltic Yachts motor yacht seriesPhoto: Baltic Yachts

In 2013, Professor Hans Georg Näder became the majority shareholder in Baltic Yachts. He is the owner of the Baltic 175 Pink Gin, the largest carbon fibre sloop in the world, and CEO of the Ottobock medical technology group in Germany that produces high-tech prosthetic limbs and orthopaedic equipment.

Although specialising in the construction of carbon composite sailing yachts, under Näder’s guidance Baltic has diversified into the powerboat segment, starting with the refit of his own 82-foot motor cruiser Sunny Day, the last wooden hull to be built by Alalunga in Italy. As a boy, Näder spent family holidays aboard the boat in Sardinia and is a self-declared fan of classic motorboats.Sunny Day in Monaco

Driven by requests from existing clients seeking the same high quality and advanced technology that characterise the brand’s sailing yachts, the Finnish shipyard has developed its own range of composite motor cruisers styled by Design Unlimited and ranging in size from 24-41 metres.Baltic Yachts motor yacht seriesPhoto: Baltic Yachts

In 2016, Baltic Yachts announced a partnership with Silver Arrows Marine for the series production of the 14-metre Arrows 460 powerboat, designed in collaboration with Mercedes-Benz Style. At last year’s Monaco Yacht Show, it presented Bill and Me, a 23.9-metre carbon-fibre motor yacht designed by Mani Frers.  

Cantieri di Pisa is situated on the banks of the river Arno in Tuscany with insufficient draft to accommodate the keels of large sailing yachts. If the acquisition is concluded successfully, Baltic’s presumed strategy ­is to differentiate between its sailing yacht production in Finland and its intention to expand powerboat production at a challenging time in the market for super sailing yachts.Cantieri di Pisa shipyardPhoto: Merijn de Waard / SuperYacht Times

The SuperYacht Times iQ Report

The SuperYacht Times iQ 2018 Report

Our market report is the most complete in the business and provides in-depth analysis of the fleet by size range, the construction book, the market for new and used yachts for sale and the superyacht builders, as well as a detailed overview of superyacht ownership. It also gives the personal views of Merijn de Waard, company founder and long-term superyacht market analyst, on the state of the market.

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