ptw Shipyard now holds 100 percent of the shipyard’s shares – marking it sole owner of the facilities. The Spanish premium superyacht and refit specialist, has just purchased the owner's stake, which was previously held by Melita Marie Group. 
“This takeover strengthens our position and allows us to be one of the few Spanish shipyards that offers its clients a fully integrated yacht refitting service, under one roof with its own highly qualified trades team and specialised departments,” Xavier Mercado, CEO & Founder of ptw Shipyard, commented. “We continue to offer our clients all the expertise required for all aspects of a superyacht refit, delivered to the very highest quality standard in modern facilities.”
ptw shipyard is located south of Barcelona and sidles up against the deep water of Port Tarraco, in the port city of Tarragona. ptw Shipyard spans 15,000 square metres and can work on superyachts up to 120-metres in length. It is a one-stop shop for yacht maintenance and has five in-house teams with expertise in all five disciplines. The site is also home to two workshops dedicated to superyacht repair and maintenance and a travel lift that can carry vessels up to 300 tonnes.
The Spanish shipyard is currently working on numerous projects, including two major refits that will see a new engine, new mechanics, and a fresh interior design. One of these projects is also being extended by approximately 1.5-metres and will have a larger upper deck and a new flybridge. These two yachts will showcase their new look at Monaco Yacht Show 2023. Also on the hard standing at ptw Shipyard is a commercial vessel that's being converted into a superyacht.
RSM Legal Partner and M&A Specialist, Victor Schrijner, said “this acquisition guarantees the company a sustainable future, giving ptw Shipyard founders full operational control so they can continue to expand their superyacht refit and repair business."