Tecnomar has announced the acquisition of the Admiral superyacht brand. Admiral was established in 1966 and has become a prestigious and widely-recognized brand for aluminum & steel yachts from 32 to 54 meter.
"Admiral superyachts range completes the Tecnomar portfolio and creates synergies and new growth opportunities" says Giovanni Costantino, President and CEO of Tecnomar Group. "The acquisition expands our offer and presence in the marketplace as the Admiral brand preserved his great appeal in the world yachting industry despite the financial difficulties over the last three years".
"We are proud of the acquisition" underlines Giovanni Costantino. "We are confident the whole Group will take advantage of new growth opportunities coming up in the industry currently under massive reorganization".
The Tecnomar Group also announced the upcoming acquisition of a private dock with state-of-the-art facilities for superyacht maintenance and refitting.