Led by Chief Executive Officer Alberto Galassi, the Ferretti Group owns and manages six shipyards located across Italy, which combine the efficiency of industrial production with typical world-class Italian craftsmanship, reaching customers in more than 70 countries across the world thanks to a direct presence in Europe, the United States of America and Asia and its network of approximately 60, carefully-selected dealers. In 1994, Ferretti began an international marketing process by creating a strategic network of dealers outside Europe. Subsidiaries: Weichai Holding Group Ferretti Group Shantui Construction Machinery Shantui Machinery Weichai Heavy-Duty Machinery Weichai Power Yaxing Coach In October 2006, the owners reconsidered flotation and filed an application to list its shares on the Milan stock exchange. The Planing and Navetta series elevate custom yachting to an aesthetic experience that thrills the senses. [8], Motivated by the needs for high tech synergy and greater international recognition, the company entered in 1989, into offshore racing. Based on financial data, the group was valued at 1.7 billion euros. PEC: ferrettispa@pec.it. What if your private island could move with you and it was off the coast of Porto Cervo at dawn and in front of Capri at sunset? The Custom Line built, 32.62-metre motor yacht Deva has been sold, thanks to Rytis Babravicius of Ocean Independence representing the seller and Dimitris Kyriazakos of EKKA Yachts who represented the buyer. The sale of Italy-based yacht builder Ferretti Group will not likely impact the planned exit of its subsidiary from its current Miami location, according to sources. The 720’s remarkably ingenious solutions elevate the concept of cruising in luxurious comfort to new heights. the Group's brands throughout the North American market - and in Asia, through its subsidiary Ferretti Group Asia Pacific Ltd., based in Hong Protagonist was launched in 1987 and today is a leading magazine for yachting enthusiasts and motor boat owners. Pershing is a winner at the Motor Boat Awards 2021. However, in January 2009, the company appointed Rothschild to advise on talks with its banking syndicate, led by Royal Bank of Scotland (RBS) and Mediobanca to restructure a EUR 1.1bn debt. In June 2000, with the aim of further consolidating its growth and development process, Ferretti Group decided to list on the Official Italian Stock Exchange (MTA). In particular, as a result of the agreement, Norberto Ferretti, the Group's management and Mediobanca hold 100% of the Group's voting rights. In the year 2000, Ferretti purchased 100% of the capital of Riva S.p.A., a producer of luxury fibreglass yachts measuring 10 to 35 metres in length, both flybridge and open. In order to further develop in this region the Ferretti Group has thus decided to strengthen its presence in the area by establishing its subsidiary Ferretti … During the second half of the 1990s, after institutional investors acquired a share in the capital, an expansion strategy for external lines was started through the acquisition of companies producing luxury motoryachts. A free inside look at company reviews and salaries posted anonymously by employees. In 1998, the group purchased Cantieri Navali dell’Adriatico – CNA S.r.l., which specialized in building open type motor boats with the prestigious Pershing brand. Ferretti Group is the world leader in the design, construction and sale of motor yachts and pleasure craft. Sporty, elegant open yachts in symbiosis with the sea. In 2008, Ferretti Group acquired the assets, brands and activities of Allied Marine, an American company specialized in After Sales services and marketing of both new yachts and pre-owned motor yachts, as well as brokerage services on the US market. The Wally 43 Wallytender with a capacity for 12 people. The group owns prestigious, exclusive brands including Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally. The wide range of yachts available (flybridge, runabout, open, coupé, lobster boat, fisherman, maxi and mega-yachts) has been developed by the Group’s Strategic Product Committee, the Marketing Department and the Engineering Department. The improvement of this result, in a market still characterized by price pressure, was primarily due to the key initiatives taken by the Ferretti Group during the course of the 2009-2010 nautical year, which resulted in a cost reduction of around 50 million euro. Company Description. “The Ferretti Group has gained a very good reputation in the past years, thanks to the opening of its Hong Kong subsidiary. Ferretti Group is the world leader in the design, construction and sale of motor yachts and pleasure craft. More than 78 percent of the company's sales, which topped EUR 770 million ($880 million) in 2006, come from outside Italy. In May 2001, Ferretti acquired the assets of the Oram shipyard in La Spezia, where the new Riva production area would subsequently be built. Ferretti Group Of America Llc. In 1996, Ferretti began operating in the segment of yachts with fibreglass flybridges, measuring 28 to 40 metres in length, through Custom Line S.p.A. United States Manufacturer Has employee contact information . Ferretti was acquired by the Chinese multinational heavy machinery and automotive manufacturing company Weichai Group in 2012. ... Director of After Sales and Service -Americas at Ferretti Group. The lobster boat, Italian-style, a feast of innovative design and technology. During the Ferretti Group press conference, scheduled for the opening day of the show, the Group plans to announce some of the new yachts that will debut next year, in addition to the primary results achieved in 2019, along with details of the organization of subsidiaries in … VIA GIOVANNI ANSALDO 7. in 1998, CRN S.p.A., in 1999, Riva S.p.A. in 2000, Cantiere Navale Mario Morini and in 2002, Itama in 2004 and Allied Marine in 2008. Capital Stock €250.734.954,00 i.v. [2] In 2000, it was temporarily listed in the Italian Stock Exchange, but decided to be taken private citing concerns for negative financial climate by the September 11, 2001 attacks. Ferretti Group is led by Norberto Ferretti, who cofounded the company in 1968 and remains its chairman. 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