Archimedia invests in superyacht builder Wally Yachts
by Malcolm MacLean
Wally Yachts has announced a substantial investment from Archimedia BVI to provide growth capital for the development of new products and the Wally brand.
“We are excited that Archimedia, a value-added investor in the consumer sector, has decided to make this substantial investment in Wally. We believe Archimedia’s investment endorses the leading quality of our products and the tremendous potential of our brand,” said Luca Bassani, Founder and President of Wally. “This investment provides us with an enhanced ability to develop new models and new markets over the coming years. Archimedia’s extensive experience with innovation and growing consumer franchises makes them an ideal partner as Wally continues to develop into a leading global brand.”
“We are delighted to partner with Luca and the team at Wally. The strong growth of the Wally brand over the last decade is a testament to Luca’s unmatched ability to innovate in both technological and aesthetic forms and we look forward to accelerating this growth and continuing the development of Wally.” said John Hunt, Founder and Chairman of Archimedia.
Just last week Wally announced the sale of the second Wallyace 26m motor yacht, due for delivery in 2011.