Palumbo finally concludes deal for Mondomarine shipyard

Palumbo Superyachts has completed a deal to acquire the Mondomarine shipyard – after almost a year of negotiations.

The acquisition of the site was made official last week (15^th November), with the Port Authority of Savona signing the yard over to Palumbo.

The deal is a significant step forward for Palumbo, as it strengthens its position as the largest refit network in the Mediterranean and East Atlantic.

Mondomarine is now part of an extensive portfolio which features eight other shipyards located in Ancona, Naples and Messina in Italy, Malta, Marseille in France, Tenerife in Spain and Rijeka in Croatia.

Palumbo has already recruited a team of designers to work on new Mondomarine yacht projects.

Chief executive Giuseppe Palumbo noted that the deal has been discussed for “almost a year”.

“We strongly believe in the potential of the renowned brand of Mondomarine and the geographic location of the shipyard.

“This acquisition will further strengthen our position to provide unparalleled service on new builds, refit and maintenance from our unique network of shipyards.”

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