Ferretti Group acquires 70,000 sqm production site in Ravenna

Ferretti Group has acquired a production site of more than 70,000 square metres in San Vitale, a province of Ravenna in northeastern Italy, for a total value of €80 million.  It is understood that part of the site has been purchased from Rosetti Superyachts.

The acquisition encompasses an initial €40 million investment and a further €40 million sum which will be invested over the next three years. During that time, the yard will also begin construction on new production areas and an R&D centre to accompany the site's existing facilities, which includes a dry dock.