De Wave Group

What De Wave Group does

De Wave Group is a Genova-headquartered marine contractor specializing in the integrated outfitting of cruise ships and mega yachts, operating as a single general contractor for the full accommodation scope across furniture, systems (HVAC/refrigeration, electrical, electronics), and marine glazing. The group was founded in 2014 as a spin-off of Demont and entered PE-control under Platinum Equity in 2019 through the acquisition of Spencer Contract, after which it executed ten acquisitions over five years to add HVAC (Tecnavi), yacht woodworking (Mobil-Line), aluminum/glass enclosures (Wingeco), stainless steel and refrigeration (Inoxking, 2024), cruise furnishing (IVM), electrical systems (Electrical Marine), metal carpentry (O.M. Project), small craft construction (Cantieri Navali San Carlo), and industrial kitchen design with predictive maintenance (DL SERVICES, January 2026). Approximately 40% of production is conducted in-house across 7 facilities, with the remaining scope coordinated through an integrated project management model that ships components and installs them onboard at shipyards worldwide.

The company operates across three segments — New Building (outfitting new cruise vessels for NCL, RCCL, MSC, Viking, Regent Seven Seas, Oceania, Crystal and others), Refit (upgrades to existing vessels at Marseille, Singapore and other dry docks), and Yacht (Azimut|Benetti, Pershing, Palumbo, plus the Aman ultra-luxury cruise ship). It generates revenue primarily through lump-sum, project-based contracts ranging from €8M for individual refit scopes to €450M+ for multi-vessel newbuild programs, supplemented by after-sales services, R&M, and emerging recurring revenue from DL SERVICES' Life Cycle System predictive maintenance for catering equipment. Go-to-market is direct enterprise sales to shipyards (Fincantieri, Chantiers de l'Atlantique, Meyer Werft, Mariotti, Sembcorp Marine) and cruise operators, supported by participation in trade shows such as Seatrade Cruise Global, SMM Hamburg, and Cruise Ship Interiors Expo. Headcount stands at approximately 1,400 (Nov 2025) across 9 countries, with a stated 2026 target of 1,500 employees and €500M+ in revenue.

Name

De Wave Group

Legal name

De Wave Srl

Website

https://dewavegroup.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

251–500 employees

Short description

De Wave Group is a Genova-based marine contractor that outfits cruise ships and mega yachts as a single general contractor for furniture, systems, and glazing, serving operators and shipyards globally through integrated design, 40% in-house manufacturing, and project execution across 9 countries.

Ownership category

akta.pro rank

Product category

Marine Interior Outfitting

NAICS

Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Accommodation & Interior Outfit (Cabins, Galleys, Sanitary, Furniture) (IMAJAIAF)

akta.pro secondary industries

Marine Outfitting & Interior Refurbishment (TLAKAKAL), Luxury Yacht Systems Integration & Commissioning (Shipyard) (IMAJAMAI), Luxury Yacht Refit, Rebuild & Lifecycle Upgrades (MRO) (IMAJAMAJ), Project Management & Owner’s Engineering / Technical Consultancy (Spec Writing, Bid Support, Site Support) (IMAJAGAO)

Keywords

• Cruise ship outfitting
• Marine interior contractor
• Yacht interior design
• Ship refurbishment services
• Marine furniture manufacturing

Headquarters

HQ city

Genova

HQ country

Italy

HQ region

Europe

Offices15 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Marine Interior Outfitting Projects (Newbuild & Refit): De Wave Group generates the majority of its revenue through lump-sum, project-based contracts for outfitting cruise ships and yachts. As a general contractor, it manages the full accommodation scope (furniture, systems, marine glazing) for newbuild vessels and major refit/upgrade projects. Contracts range from €8M for individual refit units to €450M+ for multi-vessel newbuild programs.
2. After-Sales Services & Maintenance: Ongoing after-sales services including spare parts supply, maintenance, and technical support for equipped vessels. R&M teams certified for multi-brand equipment in kitchen and galley operations are deployed across US, Europe, and Asia.
3. Ultra-Luxury Yacht Outfitting: Specialized yacht outfitting for Azimut Yachts, Benetti Yachts, and Pershing (Ferretti Group), covering Guest, VIP, and Armatorial areas with custom furniture using innovative lightweight woods. Managed through the Yacht business unit with support from subsidiary Mobil-Line.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

De Wave Group is a marine interior outfitting general contractor providing design, engineering, manufacturing, onboard installation, and after-sales services for cruise ships and yachts. The company manages the full accommodation scope including furniture, bathroom modules (wet units), HVAC/refrigeration systems, electrical and electronic systems, marine glazing, and steel fabrication, with approximately 40% of production conducted in-house across seven production facilities. It serves shipyards and cruise operators across newbuild, refit, and ultra-luxury yacht segments through direct B2B contracts.

Product overview

De Wave Group is a global leader in marine outfitting for the cruise and yacht industry, operating as an integrated group that delivers complete solutions from design to final realization. The company offers a comprehensive suite of services including Design & Engineering Analysis, Manufacturing (with 40% in-house production covering carpentry, upholstery, metalwork, and glass), Project Management & Installation Onboard, After Sales Services, and Ship Repair & Maintenance. The Group operates across three main segments: New Building (outfitting new cruise vessels), Refit (upgrading existing vessels), and Yacht (high-end mega yacht customization). The portfolio is organized around specialized divisions including De Wave (cabins and wet units), Precetti (catering areas), and Spencer Contract (public areas and yachts). Through strategic acquisitions, the Group has expanded to include Mobil-Line (luxury yacht carpentry), Tecnavi (HVAC/refrigeration), Wingeco (glass/aluminum), Inoxking (steel/furniture/refrigeration), IVM (cruise furnishing), Electrical Marine (electrical systems), O.M. Project (metal carpentry), Cantieri Navali San Carlo (boat construction), S.E.R. (radiant elements), DL SERVICES (industrial kitchen design), and FCR Finland (public areas and cabins), positioning the Group as a one-stop shop capable of operating as a general contractor across all accommodation areas including furniture, systems, and marine glazing.

Differentiator

Problem solved

Functional benefit

Products and services

• Design & Engineering Analysis Engineering and design services for marine outfitting projects, providing technical analysis, design capabilities, and engineering for cruise ships and yachts. Targeted at shipyards and cruise operators undertaking newbuild or refit programs.
• Manufacturing In-house manufacturing capabilities covering carpentry, upholstery, metalwork, and glass production, with approximately 40% of production conducted in-house across seven production facilities in Italy, France, Finland, and Poland. Produces bathroom modules (wet units), cabin panels, slats, doors, catering components, and custom furniture using lightweight materials optimized for vessel performance.
• Project Management & Installation Onboard Comprehensive project management and installation services for outfitting projects directly on vessels at shipyards worldwide. Covers planning, logistics, and execution of onboard installation across multiple simultaneous newbuild and refit projects for shipyards including Fincantieri, Chantiers de l'Atlantique, Meyer Werft, and Mariotti.
• After Sales Services Post-sale support and maintenance services for marine outfitting projects, including spare parts supply, technical support, and ongoing maintenance for equipped vessels. R&M teams certified for multi-brand equipment in kitchen and galley operations deployed across US, Europe, and Asia.
• Ship Repair & Maintenance Repair, refit, and maintenance services for cruise ships and yachts including major refit programs (e.g., Mariner and Voyager for Norwegian Cruise Line at Marseille, Pacific Explorer and Pacific Encounter for P&O Cruises Australia at Singapore). Includes fixed furnishings, upholstery, floor/wall coverings, repainting, and complete vessel upgrades.
• New Building Outfitting Outfitting services for new cruise ship constructions for leading cruise lines worldwide, including suites, public areas, cabins, wet units, restaurants, pools, decks, and spa/wellness areas. Notable contracts include €450M for 9 newbuild vessels for Regent Seven Seas, Oceania Cruises, and Crystal Cruises at Italian shipyards, and €130M Orient Express sailing vessel for Accor at Saint-Nazaire.
• Refit Services Refitting and upgrading services for existing cruise vessels, including refit of over 600 cabins on Oceania Marina and Riviera at Chantier Naval de Marseille, and refit work on Norwegian's Mariner and Voyager at Marseille dry docks (3-week duration each). Deployed across Singapore, Marseille, and other global dry dock locations.
• Yacht Outfitting Design, elegance, and customization services for the high-end yacht segment including ultra-luxury mega yachts. Covers Guest, VIP, and Armatorial areas with custom furniture using innovative lightweight woods. Yacht order book of €26M covers 14 ultra-luxury yachts to 2026 for Azimut Yachts, Benetti, Pershing (Ferretti Group), and Palumbo Yachts. Managed through Yacht business unit with support from subsidiary Mobil-Line.
• DL SERVICES - Industrial Kitchen Design & Life Cycle System French-originated service offering industrial kitchen design and supply of technical components and spare parts for onboard catering, with Life Cycle System predictive maintenance services for cruise catering equipment. Includes mapping of galley equipment. Offices in Nantes and Miami.

Quantifiable outcome

• €630 million in orders signed in 6 months (April 2025)
• +4 more outcomes

Named customers20 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

14 partnerships are on record, tiered core, minor and strategic.

• DL SERVICEScoreOthers · 15 January 2026DL SERVICES (acquired January 2026, 10th acquisition in 5 years) — French company with offices in Nantes and Miami, specializing in industrial kitchen design and onboard technical component supply. Offers Life Cycle System for predictive maintenance of cruise catering equipment. 2025 revenue of €11 million. Management continuity with Daniel and Mathilde Laine (France) and Anais Habbar (USA). Co-invested with SIMEST.
• IVMcoreOthers · 12 November 2025IVM (acquired November 2025) — a leading operator in cruise ship outfitting and furnishing with a significant order book and cutting-edge design and technology solutions. Founded in 1996, headquartered in Padova. One of four acquisitions completed in November 2025 to form the Italian shipbuilding supply chain hub.
• Electrical MarinecoreOthers · 12 November 2025Electrical Marine (acquired November 2025) — a reference point since 1980 for electrical and electronic systems in the nautical sector. Headquarters and production in Turin, with service and operational offices in Savona and Varazze. Fourth acquisition in November 2025.
• O.M. ProjectcoreOthers · 12 November 2025O.M. Project (acquired November 2025) — active in metal carpentry and electro-actuated movements for the nautical sector. Based in Turin. One of four acquisitions completed in November 2025.
• Cantieri Navali San CarlocoreOthers · 12 November 2025Cantieri Navali San Carlo (acquired November 2025) — operates in pleasure and sport boat construction. Headquarters in Turin. Fourth acquisition in November 2025.
• S.E.R.coreOthers · 12 November 2025S.E.R. — among the main Italian producers of radiant elements, part of the De Wave Group since earlier acquisitions. Contributes to the full-range interior offering.
• Includere per Crescere (ELIS Consortium)minorStrategic or Co-development Partner · 11 February 2025De Wave Group joined the 'Includere per Crescere' project promoted by the ELIS Consortium. Initiative supports employment of individuals facing barriers: mothers, immigrants/refugees, over-55s, people with disabilities, and formerly incarcerated individuals. De Wave participates in a public-private collaboration model engaging institutions, large corporations, SMEs, and startups.
• Accademia Italiana della Marina Mercantile (Italian Merchant Marine Academy)strategicStrategic or Co-development Partner · 1 November 2024Partnership with the Italian Merchant Marine Academy (Fondazione ITS per la mobilità sostenibile — Settori trasporti marittimi e pesca, recognized 2011) for the Academy training initiative. First course: 'Ship Manager and Superintendent III' starting November 26. A dedicated class will be created entirely for De Wave Group students. Academy aims to bridge education and industry, creating direct recruitment pathways for strategic positions.
• InoxkingcoreOthers · 2 July 2024Inoxking (acquired July 2024) — based in Vazzola (TV), specializing in stainless steel manufacturing, custom kitchen furniture, and refrigeration equipment for the maritime industry. 18,000 sqm facility (8,000 sqm covered) with ~70 employees. Long-standing collaboration prior to acquisition; €10.4M revenue at time of acquisition.
• WingecocoreOthers · 1 December 2022Wingeco (acquired December 2022) — Genova-based company designing and producing enclosures, windows, balustrades, glass and aluminum closure and cladding elements for the nautical sector. ~50 employees. Founder Marco Corbani remains as CEO.
• Mobil-LinecoreOthers · 1 June 2022Mobil-Line (acquired June 2022) — historic woodworking company specializing in ultra-luxury mega yacht interiors, serving the world's leading yacht builders. Based in Vicopisano (Pisa), in the strategic area for mega yacht production. ~€10M revenue, ~100 high-skilled workers. Target of doubling revenue and expanding facilities (3,000 sqm).
• TecnavicoreOthers · 1 March 2022Tecnavi (acquired March 2022) — part of Gin Group (Genova Industrie Navali), specializing in air conditioning, ventilation, refrigeration, and technical area furnishing for cruise ships and offshore platforms. First step in creating an in-house HVAC/refrigeration capability.
• FCR FinlandcoreOthers · 1 January 2022FCR Finland (Finnish subsidiary acquired 2022) — operates in public areas and cabin outfitting for large passenger and cruise vessels for over a decade. ~€28M revenue, ~50 highly specialized employees. Strengthens De Wave's positioning in Northern European shipyards.
• Spencer Contract (Spencer)coreOthers · 1 February 2019Spencer Contract (acquired February 2019) — 100% acquisition of company founded and led by Riccardo Pompili. Specializes in public areas and yacht outfitting. Combined with De Wave created ~€1B order book, €170M revenue, 570+ direct employees. CEO Riccardo Pompili remained at group helm with wide autonomy.

Scale indicators19 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Almaco Group: Global provider of accommodation and catering solutions for cruise ships, offshore, and merchant vessels. Closely comparable to De Wave in offering integrated interior outfitting, modular cabins/wet units, and galley/catering systems for cruise newbuild and refit.
• Italian Sea Group: Italian operator of luxury yacht shipyards (Admiral, Tecnomar, Perini Navi) with in-house outfitting and refit capabilities. Comparable to De Wave's yacht division in the ultra-luxury newbuild and refit market.
• Mivan Marine: Marine interior fit-out contractor specializing in cruise ship and offshore accommodation modules. Direct overlap with De Wave in cabin manufacturing, wet units, and shipboard installation services.
• Trimline: UK-based specialist in cruise ship interior refurbishment and refit services. Comparable to De Wave in serving cruise operators with interior upgrade, soft furnishings, and public-area refit projects.
• Lusben (formerly CRN): Italian luxury yacht refit and repair specialist, part of the Azimut|Benetti group ecosystem. Directly comparable to De Wave in mega-yacht interior refit, lifecycle upgrades, and bespoke outfitting work.
• Palumbo Superyachts: Italian superyacht refit and management group with shipyards in Italy and Malta. Comparable to De Wave's yacht segment in refit services and ultra-luxury custom outfitting for existing yachts.
• Sanlorenzo: Italian luxury yacht builder with bespoke interiors and growing refit operations. Comparable to De Wave's yacht outfitting division in serving ultra-high-net-worth yacht owners with custom interior fit-out.

Broad incumbents

• Damen Shipyards Group: Dutch global shipbuilder with diversified yacht, workboat, and naval divisions. Comparable as a large marine operator with extensive European production footprint and growing refit capabilities.
• Fincantieri: World's largest cruise shipbuilder and a primary customer of De Wave. While a customer rather than direct competitor, Fincantieri's growing in-house outfitting capabilities and shipyard integration make it a key comparable and competitive force in marine interior scope.

Emerging players

• Rodriquez Cantieri Navali: Italian shipyard with passenger vessel and fast-ferry capabilities including in-house interior outfitting. Comparable as a mid-size Italian player with overlapping cruise/passenger vessel interior capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about De Wave Group