SHARE
Next Yacht Group acquires Siman
SHARE
The owner of Maiora and AB Yachts has acquired the metal fabrication specialist to move into the metal superyacht market.
Headquartered in Viareggio, Next Yacht Group owns Maiora and AB Yachts
Next Yacht Group, which includes the Maiora and AB Yachts brands produced in Viareggio and Massa, has effectively acquired 100 per cent of Siman. Founded in 1988 and with industrial facilities in La Spezia, Pisa and Massa, Siman is a specialist in mechanical engineering, propulsion systems, and refit and maintenance services for yachts up to 60m in length.
Siman also operates in the commercial maritime and defence sectors, with a significant portfolio of ongoing contracts including major projects for the Italian Navy.
The purchase of Siman was by Continental Investment Srl, an entity under GB Invest Holding AG, which founded Next Yacht Group in 2021 and is a specialist in IT, AI and luxury hospitality. Prior to the purchase of Siman, Next Yacht Group employed more than 130 professionals, having increased its workforce by 140 per cent over the past four years.
Following the recent acquisition of Siman, employment continuity has been secured for the company’s 70 direct employees. Over the coming months, Next Yacht Group plans to recruit up to 30 additional employees, while Siman is expected to add about 15 new positions.
The integration of Siman will enable Next Yacht Group to expand its production capacity while establishing a new division dedicated to the construction of metal superyachts, further strengthening the Group’s direct control over a fully ‘Made in Italy’ production chain.
New metal yacht projects for both Maiora and AB Yachts are already under development, while the first 50m Maiora is currently under construction. The first new models will be unveiled by the end of 2026, according to Next Yacht Group.
Alongside the acquisition, an industrial development plan has been launched, supported by a total investment of €20 million, of which €11 million has already been deployed. The plan aims to enhance production facilities, consolidate the order book and achieve full profitability by 2027.
Mario Petroni, Chairman of Next Yacht Group, said: “The acquisition of Siman represents a natural evolution of our industrial growth strategy. This transaction expands our manufacturing capabilities in the strategically important metal yacht segment while strengthening a highly specialised Italian industrial supply chain. At the same time, it creates new opportunities for growth, innovation and employment.”
