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Tecnomar Acquires Admiral

Giovanni Costantino

Giovanni Costantino

Find this in the Making Waves section of our digital edition.

Italian boatbuilder Tecnomar acquired the Admiral brand, technical documents and software licenses for an undisclosed sum. The company did not buy the production site, which will be dismantled. Admiral, a builder of aluminum and steel yachts from 105 to 177 feet, was formerly owned by Cantieri Navali Lavagna (CNL), which filed for bankruptcy in 2010. Existing unfinished hulls will also either be dismantled or sold. “The acquisition will expand our offer and presence in the market. We are confident the whole group will take advantage of new growth opportunities,” says Giovanni Costantino, Tecnomar’s president and CEO.

This announcement closely follows the laying of the first 131-foot (40-meter) Impero 40. During the ceremony a good luck coin was placed into the keel (left) to invoke good fortune during the construction and throughout its future years at sea. Designed by Luca Dini and the Tecnomar style department, this new aluminum semi-displacement yacht will be delivered in 2013. Powered by twin 1,920-hp MTU 16V 2000 M94 engines, the Impero 40 is expected to reach a maximum speed of 19 knots with a cruising speed of 17 and will have the RINA Green Plus certification. Denison Yacht Sales’ Alex Clarke represents Tecnomar in the United States.

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