How Tecnomar and The Italian Sea Group are changing the yachting industry
Tecnomar has its roots in Viareggio, Italy and was started in 1987. The company began building boats no longer than 20 meters as well as yachts sought after for their innovation as well as sportiness. As production increased, they moved production to Massea Carrea. Today, The Italian Sea Group, the parent company of Tecnomar is located in Marina di Carrara in Italy. The company’s head office is huge. It has 100 square meters which include eleven production sites. In addition, you will find a dry dock of 200 meters and a berth of 2000 meters. Alongside this there is also a 3300 ton floating barge used for yachts up to 100 meters. These types of numbers are one of the reasons why Tecnomar stands out. However, even though the company is massive, it remains close to its Italian roots. Alongside yacht builders and CEOs, there are areas dedicated to all aspects of the building process as well as an area on campus dedicated to local products available to employees as well as people considering buying the yacht. one of the luxury ships.
In an original article published in Women’s World Daily, Giorgio Armani would have said “how not to love the sea! I only knew it as a child from the shore because we were in wartime, but when it was possible for me, as an adult, I really lived it and realized that a walk by boat, by sea, is one of the most desirable things in the world. He was enchanted by the sea, so it was only fitting that he sponsor the 15th Yacht Club Costa Smeralda from May 31 to June 4 in Sardinia Costa Smeralda on the Emerald Coast. The world-renowned designer has been hosting the event for nearly two decades. Recently, Armani collaborated with the Italian Sea Group on a personal project. Additionally, he is now a shareholder after the company went public in 2021. One of the brands The Italian Sea Group operates is Tecnomar, and they are changing the yachting industry. Since the early 2000s, the shipyard has met and exceeded the daunting task of building luxury vessels for yacht owners around the world. Let’s see how The Italian Sea Group and Tecnomar are reshaping the high seas.
Almost a year ago, Armani’s investment group now partly owns The Italian Yacht Group and Tecnomar. According to the Robb report, alongside the fashion designer is Omega Pharma boss Marc Coucke. They were part of the initial investments after the yacht company’s IPO on the Milan Stock Exchange. The two do not invest together and the exact amounts of the investments have not been disclosed. However, it is estimated that between Giorgio Armani SpA and the de Coucke family, they hold a total of 15% of the business. Shares of the company exceed $61 million upon IPO. The holding company, GC Holding SpA, will release some of its existing shares. However, the CEO and founder of the company, Giovanni Constantino, and by extension GC Holding will retain the majority of the capital. The money raised will be used to increase the size of the vessels to 328 feet as well as to expand the production facility. In addition, there are plans to add production sites in other European cities. The Italian Sea Group also added Pereni Navi, another yacht company that was in receivership.
On December 22, 2021, The Italian Sea Group was acquired for $90.6 million. The acquisition cost is almost double what the company’s opening offer was. Perini Navi after a bankruptcy court declared the company insolvent. The purchase includes shipyards in Viareggio and La Spezia, Italy, and another facility in Pisa. Perini Navi USA also owns its trademarks and patents. At the time of bankruptcy, they were also working on a project called no. 2369, an incomplete super yacht. It was not the first time the company had been on the auction block as the auctioneers wanted to secure the highest value for the company to recoup some of the accumulated debt. There were myriad reasons why The Italian Sea Group was so interested in Perini Navi. For starters, many yachts built by the latter were repaired in shipyards run by the former, so they already knew the mechanics. In addition, the additional port space will almost double the development capacity of the areas. Since April 22, 2022, Perini Navi’s operations have officially reopened in Viareggio and La Spezia.
The Italian sea group has confirmed that it will keep the company’s original style and continue to manufacture larger yachts than Tecnomar yachts. Although the company maintains the more traditional look of the yachts, the advanced technology will not be compromised. Currently, three yachts are in production. The first, a 60 meter ketch is expected in the last months of 2023. After this model will be the 47 meter sloop scheduled for launch in early 2024. The latest model is the 56 meter ketch which The Italian Sea Group and Perini Navi plan to set sail in late 2024. Consumers can expect several advances. First, the carbon will be used for the parts of the vessel apart from the mast and the 63.5 meter boom. The 47-meter yacht will also have an electric steering system fitted with twin rudders to aid maneuverability, no matter how fast she is traveling.
Tecnomar for Lamborghini 63
In July 2021, two iconic Italian brands joined forces to achieve the pinnacle of luxury. The ship was built to celebrate 1963, the year Ferruccio Lamborghini founded the automotive company. The initial ideas came from several sources. One of them was Lamborghini’s Centro Stile, introduced in 2004. According to Lamborghini, it is a collaboration of innovative designers and engineers who collaborate with the Technical Office to find the right note between craftsmanship and technology; a bit like The Italian Sea Group. The second source of inspiration was the Lamborghini Sian FKP 37 which marked a turning point in car manufacturer technology and set a precedent for many vehicle models to follow. Looking at the Sian FKP 37, it’s hard to miss the streamlined lines and modern class. Once you open the door, you see that all the attention outside the vehicle has reached inside.
It is a 12 cylinder vehicle with a top speed of 217 miles. Pulling from these two sources there were plenty of amazing design features to work with and the Tecnomar for Lamborghini 63 does not disappoint. There are two MAN V 12 – 2000HP engines which propel the vessel to a maximum speed of sixty knots. With 3945 horsepower, it is the fastest of the Tecnomar yachts. Speed is packed into a sleek, seaworthy body. The exterior of the yacht is made of carbon fiber which is most commonly found in Sant’Agata Bolognese vehicles. Using this ensures that the yacht will remain within the range of ultralight boats; weighing 24 tons over 63 feet.
In 2021, shortly after its listing on the Milan Stock Exchange, a corporate scandal rocked The Italian Sea Group. TSI Asia in Hong Kong alleged the company committed fraud in the sale of several yachts. They added that this was not the first time such a situation had occurred within the company. According to exposure to crime, another allegation is that it is not The Italian Sea Group that owns the company but rather the people who buy the yachts. Unfortunately, this isn’t the first time the company has made the news. Several Tecnomar yachts caught fire in several countries, including Greece and China. Being no stranger to this sort of thing, the company has moved forward and transformed another by cementing its position in the yacht industry.
This month, a TWW, yacht broker whose business originated in Monaco. Co-managing partner David Westwood is eager to see where the partnership goes. He believes that Tecnomar has reshaped the quality standards of the yachting industry. Moreover, they have made huge strides in the media arena with a dramatic increase in sales. In fact, The Italian Sea Group is considered the world leader in yachting. Westwood hopes TWW can add additional business expertise as building techniques to help propel the business forward. According to Super Yachts, the brokerage firm will start with three yachts from The Italian Sea Group, including the Tecnomars EVO 120. One of the things that sets this model apart is that its fluidity combines style and safety. Looking at it, you will definitely see that it is a sports yacht measuring 37 meters. The exterior was designed by architect Gian Marco Campanino. The yacht has a maximum capacity of ten passengers and there are up to five cabins to relax on board. The EVO 120 can go up to 21 knots and has a cruising speed of 19 knots.
Since The Italian Sea Group is so well-regarded, it makes sense that some mysteries pop up from time to time. Currently, there is a $700 million superyacht believed to be owned by Vladimir Putin. Massa is a city close to Tuscany. There is a ship in one of the dry docks called the Scheherazade which is almost 150 meters long and is currently being investigated by Italian police trying to find links to Putin.
On April 5, 2022, Yacht Harbor announced the latest offer from Tecnomar. The 34-metre-long Evo 120 known as La Vie is available for sale through Rolf Smith, a yacht broker at Northrop & Johnson. Just like her predecessors, she features the clean lines that Tecnomar yachts are known for as well as the impressive attention to detail. However, this model also takes the company’s technology and style to the next level. There is a lovely outdoor area on the aft deck with a bar forward and center. There is room for 10 guests as well as five cabins where they can relax. One of these compartments is a bedroom and an adjoining personal living room. Apart from the beautiful design features, the vessel is built with many state-of-the-art advancements. The hull is constructed from aluminum alloy and the main engines are 2 X MTU 12V2000 M96L. The yacht has a maximum speed of 22 knots and an average cruising speed of 20 knots.
Coco Chanel once said: “Luxury must be comfortable, otherwise it’s not luxury”. Looking at Tecnomar’s creative strategy, there is little to no chance of not being comfortable in one of The Italian Sea Group’s yachts. Their website offers “an endless selection of precious woods, precious marbles, fine fabrics, super soft leathers and luxury accessories”. Tecnomar believes this is the start of helping its customers find sanctuary at sea. During the company’s storied career, they have launched twenty-four breathtaking yachts. The Italian Sea Group built nearly 200 yachts in 1963. Each of their eight models is a technological marvel that will provide its owners with years of stylish experiences on the ocean. To date, nearly 300 yachts have been delivered. Although the company has had its ups and downs, it has maintained its position as one of the strongest yacht builders in the world. Certainly, if one is looking for luxury yachts with some of the most advanced technology in the world, the Italian Sea Group and Tecnomar are the places to look. Although you can enjoy the sea in a smaller boat, for unsurpassed standards, no company exceeds the high standards for its models. Regardless of anything negative, business will always be synonymous with luxury.