BusinessFriday 05 January 2018

Palumbo Group officially confirms the entry into Mondomarine

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

Palumbo Group officially confirms the entry into 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.



ABOUT PALUMBO GROUP
Palumbo  started  in  the  1967  as  a  fairly  small  carpentry  and  metalwork yard  to  support  the  local  shiprepair  industry. Currently the company is a group with two major divisions (new build and refit-repair) and seven different sites. Palumbo today represents a major maritime maintenance and refitting center with an ever expanding network within the Mediterranean. Celebrating half a century of history with equally significant accomplishments, it has grown to become a major player in the shipping industry and is building up its growth and reputation in the luxury yacht world for both new build and refit repair. The  “new  build”  division  which  has  been  operating  under  Columbus  Yachts  since  year  2008  recently  welcomed ISA Yachts, one of the most celebrated international brands in the superyacht industry, as part of the group.

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