Our Maritime Business Magazines


Palumbo Superyachts Acquires Mondomarine

Palumbo Superyachts acquires MondomarinePalumbo Superyachts, the yachting division of the Palumbo Group, is pleased to announce the acquisition of another renowned Italian shipyard Mondomarine of Savona.

The acquisition was made official on 15 November 2018 when the Port Authority of Savona granted the twenty-year State property concession to Palumbo.

This acquisition further expands the business horizons of Palumbo Superyachts and the Palumbo Group which is already the largest refit/repair network in the Mediterranean and East Atlantic with 8 other shipyards strategically located in Ancona, Naples, Messina, Malta (2), Marseille (France), Tenerife (Spain) and recently Rijeka (Croatia). Furthermore, Palumbo has a representative office in Monaco, the world major yachting center.

“We’ve been working on this for almost a year,” Giuseppe Palumbo, CEO, explains, “because we strongly believe in the potential of the renowned brand of Mondomarine and the geographic location of the shipyard. We are extremely happy for yet another goal achieved. This acquisition will further strengthen our position to provide unparalleled service on new builds, refit and maintenance from our unique network of shipyards.”

International designers have already been hired by Palumbo Superyachts to design the new Mondomarine yacht projects while preserving the core values of one of the oldest yachting shipyards, founded over a century ago in 1915.