Tecnomar acquires Admiral brand

Tecnomar has announced its acquisition of the Admiral brand. Admiral encompassed the long-established range of aluminium and steel yachts produced by Cantieri Navali Lavagna (CNL), but disappeared from view when CNL was declared insolvent on January 29, 2010. Sea Force One was the last yacht produced by Admiral, launched in Spring 2009.
 
Tecnomar’s acquisition was finalised on 4 November 2011 at the Milan tribunal where Admiral’s assets were auctioned off. The Italian yard has acquired designs, technical documents and software licences of Admiral, but not the production facilities, which will be dismantled. Existing unfinished hulls in the Riva Trigoso and Massa Cararra sites will also either be dismantled or sold on. Tecnomar was the only company that presented a bid at the tribunal.
 
 “[The] Admiral maxiyachts range completes the Tecnomar portfolio and creates synergies and new growth opportunities”, said Giovanni Costantino, President and CEO of Tecnomar Group.

“The acquisition expands our offer and presence in the marketplace. The Admiral brand preserves a great appeal with more than 30 years' experience in aluminium alloy production."


Giovanni Costantino, President and CEO of Tecnomar Group

The company confirmed it is ‘planning new strategies’ with the acquisition but has not released any further details.


 Sea Force One, the Admiral 54, was the last yacht launched by the brand

Tecnomar Group has also hinted of further strategic developments. Among these is the imminent acquisition of a private dock with ‘state-of-the-art facilities’ for superyacht maintenance and refitting.
 
The developments follow recent news of the first keel laid for Tecnomar’s new Impero series of 37m to 56m motoryachts.

Related Links

Tecnomar Profile | Tecnomar Website

---

Click here to become part of The Superyacht Group community, and join us in our mission to make this industry accessible to all, and prosperous for the long-term. We are offering access to the superyacht industry’s most comprehensive and longstanding archive of business-critical information, as well as a comprehensive, real-time superyacht fleet database, for just £10 per month, because we are One Industry with One Mission. Sign up here.