BWA Yachting, worldwide leader in concierge and maritime agency services to the superyacht industry, has signed a Letter of Intent to acquire the majority of shares in Monaco Port Services. Established in 1997 by Pierre Balducchi, former Port Captain of Monaco, the company is a leader in shore side services in Monte Carlo and the South of France. The acquisition will enforce BWA’s global presence in the yachting industry, already operative in Italy, Croatia, Montenegro, Greece and Turkey as well as Ft. Lauderdale, Florida, which serves the USA and the Caribbean.
Stefano Tositti, CEO of BWA Yachting comments, “This acquisition will allow us to provide high quality services to the yachting industry in the Cǒte d’Azur, just as we do throughout the rest of the Mediterranean and beyond. With Monaco’s prestigious standing in the yachting community, we are very proud to add this region to our growing network.”
Pierre Balducchi, owner of Monaco Port Services comments, “It was very evident from the start that BWA and Monaco Port Services share a similar business philosophy in providing the highest quality services to the superyacht community. We are very excited about joining the BWA Yachting family, especially in this time of strong expansion into new regions, and we are proud to be part of such a large network of yacht agents present throughout the Mediterranean.”
Monaco Port Services will begin this month to operate as BWA Yachting in Monaco and the South of France. The company will continue to operate under the same local management team which includes Pierre Balducchi and Xavier Paris. Additional offices will soon follow in Cannes, to serve the Cǒte D’Azur, as well as in Corsica.
With headquarters in Lugano, Switzerland, BWA Yachting is the international leader in complete yacht agency services throughout the Mediterranean, with offices in the South of France, Italy, Croatia, Montenegro, Greece, Turkey as well as Ft. Lauderdale, Florida which serves the USA and the Caribbean.