icon_arrow_down icon_arrow_left icon_arrow_left_large icon_arrow_right icon_arrow_right_large icon_arrow_up icon_bullet_arrow icon_call icon_close icon_facebook icon_googleplus icon_grid_off icon_instagram icon_login icon_mail icon_menu icon_message icon_minus icon_pinterest icon_plus icon_quote_end icon_quote_start icon_refresh icon_search icon_tick_on icon_twitter icon_video_play icon_youtube

Sign up to our mailing list for the latest Boat International & Events news.


Missing your newsletter?

If you’ve unsubscribed by mistake and would like to continue to hear about the latest Boat International & Events news, update your preferences now and let us know which emails you’d like to receive.

No, thanks
Azimut-Benetti completes Fraser buyout

Azimut-Benetti completes Fraser buyout

Italian yachting giant Azimut-Benetti announced today (October 2) that it has completed its buyout of Fraser, after increasing its share from 83% to 100%.

Paolo Vitelli, group president at Azimut-Benetti, said: "This recent acquisition is part of the strategic plan of our group to offer superyacht owners not only the most beautiful yachts, but also the utmost service. We are the only player in the yachting industry that takes care of the owner along the entire process, from yacht purchasing to management, refit and repair service, crew recruitment and chartering to resale.”

As well as buying and selling more than 50 superyachts per year, Fraser is the world’s largest provider of yacht consultancy services, the yard added. Its portfolio includes the 56 metre Benetti yacht Ulysses (pictured above) and more than 100 others.

In a statement, Azimut-Benetti said that Fraser holds a 15% market share, making it the market leader in its sector, and hinted at further expansion after recent office openings in New York and Hong Kong.

For its part, Azimut-Benetti is widely recognised as a dominant player in the superyacht world, regularly topping our definitive Global Order Book in terms of total LOA of yachts under construction.

Notable projects currently under development at the Italian yard include its new flagship, the 107 metre Benetti FB277 — scheduled for 2019 completion — and the 70 metre Project 169, which is due to splash next year.

Upgrade your account
Your account at BOAT International doesn't include a BOAT Pro subscription. Please subscribe to BOAT Pro in order to unlock this content.
Subscribe More about BOAT Pro