Ferretti Group to Expand with Wally Yachts Acquisition: Italian yacht manufacturing group has announced that Wally Yachts will join its portfolio of brands. The Ferretti Group will hold an exclusive license agreement with the Monaco-based manufacturer, representing a significant step toward the group’s full acquisition of the brand.
This move also marks the start of a four-year investment in Wally by the Ferretti Group, which includes a €70 million fund for brand development and the design and construction of new yacht ranges. All new Wally builds will be constructed at Ferretti yards, with most of the activity expected to take place at Ferretti’s Ancona facility.
Ferretti Group CEO Alberto Galassi noted that a mutual fascination has long existed between Ferretti Group and Wally and that his company will continue to develop the brand with method, vision and investment.
Wally founder Luca Bassani has indicated that today’s market requires significant investment to develop new products along with market expansion. Bassani will continue designing and developing products for Ferretti on an exclusive basis.
This license agreement will mark the group’s debut into sailing yachts. Last August, the Italian financial newspaper Corriere della Sera reported that Ferretti Group would need approximately €25-30 million to acquire Wally Yachts.
The first project in the partnership will be a restyled 14.5-meter 48 Wally-tender that will carry the brand’s distinctive feature. The standalone runabout will have standard day-boating amenities, including a full cabin and show for two guests, a galley with two refrigerators and a retractable Passarelle that doubles as a swim ladder.
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