Azimut Yachts is an Italian yacht-manufacturing company based in Avigliana, in the province of Turin. It was established in 1969 by Paolo Vitelli. Azimut Benetti is the largest network producing megayachts and the world's leading private group in the luxury boating sector. The Group, which owns the prestigious brands Azimut Yachts, Benetti Yachts, Yachtique, Fraser Yachts, Lusben, Marina di Varazze and Royal Yacht Club Moscow, offers the most extensive range of motor boats from the 34 foot to the 70 metre plus yachts built by Benetti. A leader in production, Azimut Benetti has the most extensive sales network in the boating industry worldwide, with 138 sites in 68 countries. The Group has a division dedicated to financial services, yacht management and the development of marinas.