Argo Finanziaria, part of the Gavio Group, has signed a Letter of Intent with Ferretti SpA regarding the takeover of Bertram Yachts.
Bertram is going to enhance the Group’s brand portfolio increasing the types of yachts built, further boosting the ability to successfully operate on the fast-growing US market.
The acquisition is expected to be finalised by 31 March 2015, and follows the takeover by the Gavio Group of Cantieri Cerri, in September 2011, and Baglietto, in February 2012.
“I am very pleased with this acquisition – declared Mr Beniamino Gavio, President of Argofin and Baglietto – Bertram is for sure the brand most similar to Baglietto as they share many common features: a family history characterised by legendary yachts; records broken and competitions won; a logo that, for both brands, is a symbol of freedom and strength (the eagle and the seagull); and a very strong national identity that goes hand in hand with far-reaching international fame”.
By Maarten Janssen