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Palumbo Group buys International Technic Marine (ITM)


On Monday February 3rd the Commercial Court of Marseille declared Palumbo Group as the winner of the Tender for the Acquisition of International Technic Marine (ITM) in Marseille. There were two players at the final stages of the Tender, the Maltese Company Melita Marine, who withdrew its bid just before the final decision of the Court, and Palumbo Group.

The yard will be remaned Palumbo Marseille Superyachts ITM. It covers an area of about 12,000 square metres, comprising 4 four large dry docks ranging from 80 up to 126 meters, covered yard of about 95 meters and more than 300m of quays for afloat repairs.

Palumbo Group also announced they will keep 8 of the yard's former managers. Palumbo Marseille Superyachts ITM now will be included in the already created network of Palumbo Shipyards in the Mediterranean and will represents an excellence refit centre in the Mediterranean and also an additional after sale point for the client of Columbus Yachts, the brand of new building of palumbo Group.

Palumbo Group plans to start it's investment in the facilities by buying new equipment and lifting systems in order to improve and increase the range of services to offer to its clients.

Palumbo Shipyard
+39 081 287 164
[email protected]

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