“I am thrilled with this operation,” stated Giovanni Costantino, TISG’s founder, and CEO. “We wanted to expand our investment, but we entered the auction with the unwavering purpose of acquiring all assets based on our combined experience and new contracts, particularly in the big sailing boat market.
“The additional manufacturing space will enable us to increase future incoming orders in a particularly dynamic market, as indicated by the two recent sailing boat contracts made in December. As a result, we are certain that we made the correct option, as shown by an incoming order that surpassed projections by 50%.”
“The purchase of Perini Navi marks a significant milestone in the company’s history. It continues to broaden its horizons to enhance the production capacity, based on considerable growth in new orders and a robust rise in demand,” he stated.
As part of TISG’s expansion plans, it has already partially covered the acquisition of Perini Navi through its two investment plans, TISG 4.0 and TISG 4.1, which will enable the company to expand and strengthen its position in the large sailing yacht segment, a segment in which TISG is already a leader.
TISG secured contracts in December 2021 for two 56m (184ft) sailing ketches to be added to the project now under development. Art Explora, one of the world’s biggest sailing catamarans, is a significant cultural endeavor and sustainable innovation model.
The company had already taken over two ongoing projects from the Perini Navi bankruptcy for the purpose of completing the construction through the NCA Refit division, which had previously worked on refitting the Perini Navi fleet on several occasions, as evidenced by the four yachts currently in the yard.