Tilli Antonelli, Founder and CEO of WIDER, has confirmed that he and co-founder, Paolo Favilla, have been in negotiations with the local authorities in Ancona, Italy over the acquisition of the luxury yacht builder, ISA Yachts. The facility, which is some 600m from the current home of the WIDER Superyacht Division, includes four sheds with capacity to build multiple yachts in tandem up to 80m in length.
The acquisition of this facility would allow WIDER to expand their production capacity to meet all future demands, both for Diesel Electric yachts under the WIDER brand or using the ISA name for more traditional vessels.
A formal offer to acquire both the shipyard and the ISA brand was placed in early January, although the process is unlikely to be concluded until mid-July.
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