Shipyards

Weichai Group obtained majority at Ferretti Company investing 374 million Euros

Last Update: December 22nd, 2017

In order to build Blue Economic Zone of Shandong peninsula, Weichai Group signed the strategic restructure agreement with Ferretti Company on January 10th, 2012, and Weichai Group obtained 75% share of New Ferretti Company by a price of 374 million Euros.

Two sides completed the delivery formally on July 3rd, 2012.

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Though the restructure, Weichai Group achieved the transformation from only depending on investment to consumer-driven, from land power manufacturer to sea power manufacturer, and from operating Chinese brand to global brand. That was the symbol of high-end yacht manufacturing base landing in Shandong comprehensively.

More in the chinese edition: 意大利法拉帝:豪华游艇承载“潍柴梦”启航



Weichai Group
Weichai Group Holding Brands: Weichai Power, Shaanxi Automobile, Shaanxi Fast Gear, Hande Axle, Linde Hydraulics, Ferretti Group, Yangzhou Asiastar, Yangzhou Diesel engine, Zhuzhou Gears, Torch Spark Plugs, Baudouin, Weichai Heavy Machinery, Weichai(Chongqing)Motor, Shengda Special Vehicles, ...
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Ferretti Group History

Founded in 1968, Italy Ferretti Group was the largest luxury yacht manufacturer over the world, and owned eight yacht brands, among which, the four brands Ferretti, Pershing, Riva were top 10 brands of the world. Ferretti Group owned the most advanced ship development, power matching and interior design centers, global supplier system more than 670 companies and most advanced manufacturing system of the world.

Ferretti developed more than 100 dealers and agents in over 80 countries and area, and set up more than 100 repair website and supply center of parts in 35 countries to ensure continuous supply of more than 5000 accessories. The company had 9 shipyards, among which, 8 shipyards were in Italy, and 1 was in Miami of America, and had nearly 2,000 employees.



Ferretti Group
Ferretti Group, world leaders in construction of luxury motoryachts. Brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN and Custom Line.
Location: • Italy Ancona, Website: ferrettigroup.com/
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About the author

norbertomoreau

Norberto Moreau is co-founder of the Allied Management Ltd Consulting Group (Hong Kong, United Kingdom, Spain). The group and his associates have activities in Yachting, Properties, Events and Online Services.
Activity with own Projects (70%) / Consulting (30%). Norberto Moreau is available for Consulting worldwide at Fairs, Regattas etc.

• Business Web: allied-management.net
• Private Web: norbertomoreau.com
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