Admiral Tecnomar, leading Italian firm in the project as well as building of large luxury yachts, is proud to report that they have completed the acquisition of Nuovi Cantieri Apuania, company active in shipbuilding, from Invitalia, the Italian National Agency for attraction of investments and enterprise development of Ministry of Economy and Finance.
NCA - Nuovi Cantieri Apuania acquired by Admiral Tecnomar
As a result of this action rises The Italian Sea Group – one of the biggest conglomerate groups in Italian boating.
Three different hubs belong to this group:
Admiral Tecnomar – hub of luxury yachts and sail;
NCA – hub of high-tech value shipbuilding industry;
NCA Refit – active in refitting for large ships and yachts.
Nuovi Cantieri Apuania
Contextually to the acquisition, Admiral Tecnomar presented an industrial plan characterized by three development routes:
1. The consolidation of core business of mega yachts in aluminum and steel
2. The development of activities in shipbuilding placing the attention on high-tech constructions
3. The development of the particularly promising business of refitting and service for large ships and yachts, in partnership with high-qualified international brokers, collaboration that Admiral Tecnomar has been conducting for a long time.
In virtue of such an industrial plan, the actual occupational levels will be preserved thanks to the engagement in maintaining all 150 workers within the next two years. Furthermore, new investments in the NCA area are expected for about 8 million Euros.
Admiral Fleet
Giovanni Costantino, Chairman of Admiral Tecnomar, stated: “We arrived to the conclusion of this acquisition with a total financial autonomy, real demonstration of the concreteness of our approach and of the solidity which differs our activity from others. Strong industrial synergies among the business areas of these two realities, especially from a productive, logistic and project point of view, but also concerning the technical know how, as a result of this acquisition”.
“The decision to acquire NCA – continues the Chairman Costantino – stands on a meticulous evaluation of structural, economic and financial values of the company. The widening of the Admiral Tecnomar production capacity will allow us to gather all the opportunities on the market, particularly in the field of vessels superior to 50 meters. From a sales point of view, we are intended to operate on two different markets, but thanks to the grafting of such a solid competence in the shipbuilding, we want to give further authority to Admiral Tecnomar in order to reinforce its top position in the field of luxury mega yachts”.
The company is today in expansion and has become in a few years a reference point within the luxury boating sector.
Below is a gallery for the beautiful charter yachts built by Admiral Tecnomar.
Admiral Charter Yacht Images
More: Admiral Image Gallery
