Palumbo group enters Mondomarine

Palumbo Group officially confirms the entry into Mondomarine, historical Italian shipyard based in Savona which has been in trouble for months until the judicial winding up of the business at the end of December 2017.

By leasing the business unit of the Savona shipyard, for a period of six months, Palumbo Group will grant the restart of the activities, along with the immediate reinstatement of nine employees. The aim is to further reinstate a good part of the Mondomarine Savona workers, as a consequence of the desired, final acquisition.

After the recent acquisition of the ISA Yachts shipyard in Ancona, which is now one of the Group’s main superyachts’ production sites, the entry into Mondomarine represents a new, important step for Palumbo in its strategic development plan concerning its own network of shipyards in the Mediterranean and, of course, the new build division.

Palumbo Superyachts Division, with the Columbus Yachts and ISA Yachts brands respectively dedicated to the construction of custom and semi-custom yachts, is, in fact, a constantly growing company that draws strength from 50 years of the Group’s experience in the ship refit-repair and new build sector and from its indisputable financial solidity.