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Wally joins the Ferretti Group

Business
Written by
Laura Nicholls

An agreement has been secured for shipbuilder Wally to join the Ferretti Group. The Ferretti Group's range of brands is now the 'widest and most innovative of the entire Italian nautical industry'. Announced at the opening of Boot in Düsseldorf, the Ferretti Group plans to invest over €84 million between 2019-2022.    Alberto Galassi at the Ferretti Group Press Conference in MilanPhoto: Justin Ratcliffe€70 million will be invested in the first two years to help develop the brand and support the design and construction of new products and ranges. The new Wally models will be built at the Ferretti Group shipyards, particularly in Ancona where Wally’s largest yachts are due to be built.Wallytender 48Photo: Gilles Martin RagetThe 48 Wallytender will be the first new project to come of the new partnership and will be presented at Boot Düsseldorf and is scheduled to be premiered at the Cannes Yachting Festival 2019. "There has long been a mutual fascination between us and Wally and from today we will continue to develop this extraordinary brand with a method, vision and investments. And with the same energy and creativity that have led Ferretti Group the top of the yachting world,” said Alberto Galassi, CEO of Ferretti Group

“As yachting enthusiast, I’m looking forward to discovering the boats that will come from the exclusive collaboration with Luca Bassani: it is easy to foresee that they will push the frontiers of innovation and aesthetic avant-garde to a new echelon," he added.Ferretti Group La Spezia shipyard Photo: Merijn de Waard / SuperYacht TimesLuca Bassani, founder of Wally, commented: "The market today requires significant investments to develop new products and new markets. Ferretti Group has great industrial, organisational and commercial capabilities and will be able to boost Wally. I will continue my design and development activity on an exclusive basis, ensuring the continuity of Wally's DNA. All the years and the effort to build the brand will have a continuation. I could not wish anything better for Wally's life.”

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