The Italian Sea Group

Name

The Italian Sea Group

Legal name

THE ITALIAN SEA GROUP S.p.A.

Website

https://theitalianseagroup.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Luxury Superyacht Manufacturing

NAICS

Ship Building and Repairing (336611), Boat Building (336612)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Full-Custom Superyacht & Megayacht Manufacturing (IMAJAMAB)

akta.pro secondary industries

Semi-Custom & Series Production Yacht Manufacturing (IMAJAEAM), Luxury Yacht Prototype, One-Off & Concept Build Programs (IMAJAMAL), Luxury Yacht Refit, Rebuild & Lifecycle Upgrades (MRO) (IMAJAMAJ)

Keywords

• Luxury superyacht manufacturing
• Custom yacht construction
• Yacht refit services
• Sailing yacht building
• Bespoke marine interiors

Headquarters

HQ city

Marina Di Carrara

HQ country

Italy

HQ region

Europe

Offices5 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. New Yacht Construction: Custom and semi-custom superyacht construction under multiple brands (Admiral Yacht, Tecnomar, Tecnomar for Lamborghini, Picchiotti, Perini Navi). Revenue is project-based with long lead times typical of luxury yacht manufacturing.
2. Yacht Refit Services: NCA Refit brand provides refit and renovation services for existing yachts, generating recurring service revenue
3. Luxury Charter Services: The company entered the luxury charter market with vessels like Silver Star I offering weekly charter rates starting at €350,000
4. Yacht Sales: Sale of completed and pre-owned yachts including the Silver Star I which sold for approximately €29 million ($32 million)

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

The Italian Sea Group designs, engineers, and builds custom and semi-custom luxury motor and sailing superyachts under multiple brands (Admiral Yacht, Tecnomar, Tecnomar for Lamborghini 63, Picchiotti, Perini Navi), with vessels ranging from approximately 24m to 78m+ and pricing from tens to hundreds of millions of euros. It also provides yacht refit and renovation services (NCA Refit) and bespoke interior cabinetmaking (CELI 1920), serving ultra-high-net-worth individuals, family offices, and charter clients worldwide.

Product overview

The Italian Sea Group is a luxury yacht manufacturing company operating as a multi-brand portfolio under a unified corporate umbrella. The company manages seven distinct brands: Admiral Yacht (large motor superyachts over 50m), Tecnomar (high-performance luxury yachts), Tecnomar for Lamborghini 63 (collaboration vessels), Picchiotti (classic elegance yachts), Perini Navi (sailing superyachts), NCA Refit (maintenance and restoration services at La Spezia), and CELI 1920 (acquired cabinetmaking studio for bespoke interiors). The portfolio also includes new product lines such as the Admiral A-40 Line (semi-custom 40m vessels in outfitting) and Admiral Panorama Line (semi-custom 50m yachts launched in 2025). The Group also offers production hubs across Marina di Carrara, La Spezia, Viareggio, Terni, and Türkiye, combining industrial scale with Italian craftsmanship.

Differentiator

Problem solved

Functional benefit

Brands

• Admiral Yachts: Luxury motor yacht brand specializing in custom superyachts over 50 meters.
• Tecnomar
• Tecnomar for Lamborghini
• Picchiotti
• Perini Navi
• NCA Refit
• CELI Interiors

Products and services

• Admiral Yacht (brand)

Quantifiable outcome

• ISS Design Awards 2025 - MY Admiral Platinum 78m won 'Best in Motor' in 1000–3000 GT category
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Giorgio Armani CasacoreStrategic or Co-development Partner · 1 January 2024Exclusive partnership for bespoke yacht interiors. The 55-meter superyacht Silver Star I features bespoke interiors by Giorgio Armani Casa, marking an expansion of the partnership into the luxury charter market with exclusive access to Armani-designed interiors.
• BDO S.p.A.minorOthersAuditing firm with registered office in Milan, Viale Abruzzi 94. BDO S.p.A. serves as the independent auditor for The Italian Sea Group.
• KPMGminorOthersKPMG is conducting an extraordinary forensic audit as part of the company's response to financial distress and internal disciplinary actions following discovery of substantial losses from alleged misconduct by former executives.
• Ferretti SpAminorStrategic or Co-development PartnerFerretti SpA (luxury yachtmaker owning Riva and Wally brands) is weighing an offer to purchase all or part of The Italian Sea Group, including its shipyard in La Spezia. Potential acquisition would strengthen Ferretti's position in Italy.
• Lobanov DesignminorStrategic or Co-development PartnerExterior design partner for MY Admiral Platinum 78m superyacht, responsible for the yacht's harmonious layout and balanced proportions.
• Sinot Yacht Architecture & DesignminorStrategic or Co-development PartnerInterior design partner for MY Admiral Platinum 78m, contributing to the yacht's design excellence recognized with 'Best in Motor' award.
• CELI 1920coreStrategic or Co-development PartnerHistoric cabinetmaking company acquired by The Italian Sea Group in 2023, providing bespoke interior craftsmanship for superyachts including MY Admiral JAS 66m. CELI 1920 interiors contributed to the 'Best Interior' award at ISS Design Awards.
• Mark BerrymanminorStrategic or Co-development PartnerBritish designer collaborating with The Italian Sea Group's Centro Stile on MY Admiral JAS 66m interiors, creating a refined and intimate design language.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Lürssen: German family-owned shipyard specializing in large custom superyachts and megayachts over 80m. Comparable to the largest Admiral builds, operating in the same full-custom megayacht segment with similar clientele.
• Feadship: Dutch builder of fully-custom luxury motor yachts typically 50m+. Direct competitor in the full-custom superyacht space, serving an overlapping UHNW buyer pool with comparable project economics.
• Damen Yachting: Dutch group building Amels superyachts (semi-custom 50m–80m+) and SeaXplorer explorer yachts. Comparable to TISG across both semi-custom (Amels vs Admiral Panorama/A-40) and the explorer yacht space historically addressed by some Admiral builds.
• Sanlorenzo S.p.A. Italian superyacht builder listed on Euronext STAR Milan, producing 24m–70m+ motor yachts with a strong bespoke positioning. Overlaps directly with Admiral, Tecnomar and Perini Navi on semi-custom and fully-custom superyachts for the UHNW segment.
• Oceanco: Dutch builder of large custom superyachts 80m+, often in composite and steel/aluminum. Competes for the same full-custom large yacht orders as TISG's Admiral brand and other megayacht builders.
• CRN (Ferretti Group): Italian builder of fully-custom 40m–90m+ steel and aluminum megayachts, owned by Ferretti. Operates from Ancona and competes directly with Admiral's full-custom superyacht program and the historical Picchiotti full-custom offering.
• Ferretti S.p.A. Italian luxury yacht manufacturer listed on the Hong Kong Stock Exchange, owner of Riva, Wally, CRN, Custom Line and Pershing. Direct competitor in motor superyachts over 30m and reportedly weighing a bid for TISG, indicating close product overlap and parallel Italian production.
• Royal Huisman: Dutch builder of large custom sailing yachts and motor yachts. Direct peer to Perini Navi in the large sailing superyacht segment, sharing a niche clientele and long lead-time build model.
• Azimut|Benetti Group: Privately-held Italian group producing Azimut yachts and Benetti superyachts from 10m to 90m+. Benetti is one of the largest competitors in custom and semi-custom motor superyachts and competes head-to-head with TISG brands in the global superyacht order book.
• Heesen Yachts: Dutch builder of fully-custom and semi-custom 30m–70m+ motor superyachts. Comparable to Admiral and TISG's full-custom program, serving the same UHNW buyers with comparable project economics and lead times.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@TheItalianSeaGroup
• Facebookfacebook.com/100068039690811
• LinkedInlinkedin.com/company/the-italian-sea-group
• Instagraminstagram.com/the_italian_sea_group
• TikToktiktok.com/@theitalianseagroup
• Pinterestit.pinterest.com/TheItalianSeaGroup
• Xx.com/italianseagroup

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries7 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 The Italian Sea Group