Admiral superyacht brand acquired by Tecnomar
by Malcolm MacLean
Italy’s Tecnomar yard has today announced the acquisition of the Admiral brand, one of the world's premier superyacht builders.
Admiral was established in 1966 and over the years established a reputation as one of the most widely-recognized brands for aluminium and steel yachts from 32 to 54 metres.
‘The Admiral 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 its great appeal in the world yachting industry despite the financial difficulties over the last three years.’
Tecnomar Group also announces the upcoming acquisition of a private dock with state-of-the-art facilities for superyacht maintenance and refitting.