Precision Marine Engineering

What Precision Marine Engineering does

Precision Marine Engineering S.L. is a privately held specialist marine engineering company incorporated in Spain in 1996 and headquartered in Palma de Mallorca, with a second operational base in Tarragona on the Spanish Mediterranean coast. The company was founded by Andrew Wilcox, who began his marine career as a superyacht engineer in 1985 and established the firm's first workshop in Palma in 1994. PME delivers mechanical, electrical, fluid systems, and shipyard support services to superyachts and commercial marine vessels operating in the Balearic Islands, along the Spanish Mediterranean coastline, and internationally on request.

The company's technical scope covers the service, installation, and repair of marine engines and generators from brands such as Northern Lights, Lugger, John Deere, Yanmar, Cummins, MAN, Caterpillar, and others; specialist fluid systems including HAMANN wastewater treatment, ALFA LAVAL fuel cleaning, DVZ oily water solutions, JET VACUUM toilet systems, and CATHELCO hull corrosion protection; electrical engineering with paralleling systems from Woodward, Basler, and Marathon supported by mobile load banks exceeding 300kW; and shipyard support including haul-out project management, propeller and shaft work, tank surveys, and class society survey support for MCA, ABS, Lloyd's, and RINA. The firm holds official agency status with Caterpillar (Balearics and Spain), Northern Lights, and Lugger, operates from a 700sqm owned workshop in Poligono Can Valero five minutes from Palma's main shipyards, and runs a parts shop that claims the largest in-stock marine engineering supply in Mallorca.

PME employs 25+ multilingual staff and generates revenue through billable engineering service hours, project-based engagements for refits and class surveys, and direct sales of marine spares and equipment via its Palma shop and online channels. Pricing is quote-based and project-specific, with global technical support offered as backup for refit and new-build projects. The company has grown organically with no disclosed institutional funding, family ownership remains concentrated with the founder, and recent strategic moves include the Tarragona mainland expansion and the official Caterpillar agency appointment announced in 2026.

Name

Precision Marine Engineering

Legal name

PRECISION MARINE ENGINEERING S.L.

Website

https://precision-marine.net

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Precision Marine Engineering is a privately held Spanish marine engineering firm that provides mechanical, electrical, fluid systems, and shipyard support services to superyachts and commercial vessels in the Balearic Islands and along the Spanish Mediterranean coast.

Ownership category

akta.pro rank

Product category

Marine Engineering Services

NAICS

Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Project Management & Owner’s Engineering / Technical Consultancy (Spec Writing, Bid Support, Site Support) (IMAJAGAO)

akta.pro secondary industries

Marine Electrical Installation, Commissioning & Field Services (IMAJAJAL), Marine Systems Engineering (Piping, HVAC, Fuel, Ballast, Firefighting) (IMAJAGAD), Engine & Mechanical Overhaul (Main/Aux Engines, Pumps, Valves, Compressors) (TLAHAMAD), Safety, Risk & Compliance Engineering (SOLAS, Class Rules, HAZID/HAZOP, FMEA) (IMAJAGAJ)

Keywords

• Marine engineering services
• Superyacht maintenance
• Marine parts supply
• Shipyard support
• Marine electrical systems

Headquarters

HQ city

Palma De Mallorca

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Marine Engineering Services: The company provides a wide range of marine engineering services including mechanical solutions, electrical solutions, engineering/fluid solutions, and shipyard support. Services include engine service and repair, generator work, electrical installations, fluid system design and installation, and haul-out project management. Revenue is generated through billable service hours and project-based engagements.
2. Parts and Equipment Sales: The company operates a supply shop offering marine engineering spares, equipment and fittings. It holds Mallorca's largest stock of engineering spares in stock. Products include Northern Lights parts (starter motors, alternators, gasket kits, filters), Gianneschi pumps and fans, engine oils and coolants, pipework components, electrical components, batteries, and more. Revenue is generated through direct product sales.
3. Global Technical Support: Technical support provided worldwide for refit and new build projects, and as backup support for services rendered.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Precision Marine Engineering provides specialist marine engineering services encompassing mechanical, electrical, fluid systems, and shipyard support solutions for superyachts and commercial marine vessels. The company operates as an authorized agent for Caterpillar, Northern Lights, and Lugger, supplying and servicing marine engines, generators, and related systems. It also runs a retail shop supplying marine engineering spares and operates a 24/7 emergency call-out service across the Balearic Islands, Spanish mainland Mediterranean coast, and internationally.

Product overview

Precision Marine Engineering is a marine engineering services company offering a portfolio of specialist technical services for superyachts and commercial marine vessels. The offering comprises six distinct service lines: Mechanical Solutions (engine sales, service, installation and repair), the Engineering Department (specialist fluid solutions including wastewater treatment, fuel systems, and custom fabrication), Electrical Solutions (generator and electrical systems), Shipyard Support Solutions (propulsion, steering, and survey support), Shop & On Board Supplies (spare parts retail and distribution), and Mainland & Abroad (geographic service expansion). The company holds official agency relationships with Northern Lights, Lugger, and Caterpillar, and serves clients across the Balearic Islands, Spanish mainland, and internationally.

Differentiator

Problem solved

Functional benefit

Products and services

• Mechanical Solutions Sales, service, installation, and repair of marine engines including Northern Lights, Lugger, John Deere, Yanmar, Yamaha, Onan, Cummins, MAN, Kohler, Perkins, and Caterpillar, with capabilities such as engine rebuilds, load tests, sea trials, exhaust back pressure readings, and common rail electronic injection services. Targeted at superyacht and commercial vessel operators.
• Engineering Department (Fluid Systems) Specialist fluid systems engineering covering black and grey wastewater treatment (HAMANN), steel piping and hot works, custom tank design and fabrication, fuel system diagnostics and design (ALFA LAVAL), oily water solutions (DVZ), hull/piping corrosion and antifouling systems (CATHELCO), plastic piping (+GF+, ABS), marine exhaust systems (Halyard, Marquip), and general machining works (lathe, milling). Targeted at superyacht and commercial marine vessels.
• Electrical Solutions Generator service, repair and new installations, paralleling systems (Woodward, Basler, Marathon), fault finding, load tests with portable load banks exceeding 300kW, electrical insulation tests, class society reports, alternator and starter motor load testing, antifouling and corrosion protection systems (Cathelco), hull corrosion protection measurements, motor rewinding, and general electrical engineering. Targeted at superyacht and commercial marine operators.
• Shipyard Support Solutions Mooring and haul-out arrangement project management, rudder and propeller shaft survey and repair, steering system service, propeller repairs and balancing, tank surveys, ultrasonic wall thickness measurements, bow thruster services and repairs (MAX POWER), and class society survey support (MCA, ABS, Lloyd's, RINA). Targeted at superyacht owners, captains, and commercial vessel operators planning shipyard periods.
• Shop & On Board Supplies (Marine Engineering Parts) Marine engineering spare parts, equipment and fittings with Mallorca's largest in-stock supply. Products include Northern Lights parts (starter motors, alternators, gasket kits, filters), Gianneschi pumps, fans, service kits, engine oils and coolants, pipework components, electrical components, pneumatic and hydraulic parts, cleaning products, and worldwide shipping. Free pick-up and deliveries in Palma and Portals area. Targeted at vessel owners, captains, and maritime businesses.
• Mainland & Abroad Service Coverage Geographic extension of Precision Marine Engineering's specialist marine engineering services beyond Mallorca to the Spanish mainland and international locations. The Tarragona base is the first mainland operation, offering the same mechanical, electrical, fluid systems, and shipyard support solutions with faster response times for the Mediterranean coast, serving superyacht and commercial marine sectors.

Quantifiable outcome

• Mallorca's largest supply of engineering spares in stock
• +3 more outcomes

Named customers4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• CaterpillarcoreChannel Partner/ Reseller/ Distributor · 14 April 2026Precision Marine Engineering was appointed as an official Caterpillar agent for the Balearic Islands and the rest of Spain. This appointment reinforces the company's commitment to technical excellence and specialist service, and grants it authorised status to supply Caterpillar genuine parts and provide brand-certified service for Caterpillar marine engines.
• Northern LightscoreChannel Partner/ Reseller/ DistributorPrecision Marine Engineering is an official agent for Northern Lights marine generators and associated products. The company holds the largest supply of Northern Lights parts in stock in Mallorca, including starter motors, alternators, gasket kits, and filters. Northern Lights products are a core part of the company's mechanical and electrical service offering.
• Lugger by Northern LightscoreChannel Partner/ Reseller/ DistributorPrecision Marine Engineering is an official agent for Lugger marine engines by Northern Lights. Lugger products are represented alongside Northern Lights generators as part of the company's authorised brand portfolio.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Fincantieri: Fincantieri is one of the world's largest shipbuilders with multiple yards and refit capabilities in Italy serving cruise, naval, and superyacht segments; its refit operations place it in indirect competition with PME for high-end Mediterranean marine engineering work.
• Astilleros Armón: Astilleros Armón is an established Spanish shipbuilder and repairer with yards across Spain; as a broader marine services incumbent operating in overlapping Spanish geographies, it competes with PME for both shipyard support work and marine engineering service contracts.
• Damen Shipyards Group: Damen is a large global shipbuilding and refit group with service hubs across Europe including the Mediterranean; while not focused on the superyacht niche, it offers overlapping marine engineering, electrical, and propulsion services at greater scale.
• Amels (Damen): Amels builds and supports superyachts with an in-house refit capability in the Netherlands; as part of Damen, it competes with PME in the superyacht services space while offering broader new-build and lifecycle support that PME does not.

Direct peers

• MB92 Barcelona: MB92 operates a major superyacht refit and maintenance facility in Barcelona serving the Western Mediterranean; it competes directly with PME for the same superyacht service, repair, and refit work that PME targets across the Balearics and Spanish coast.
• Lusben (Azimut|Benetti Group): Lusben runs a dedicated superyacht refit yard in Italy delivering mechanical, electrical, and structural refit services to the same Mediterranean superyacht clientele PME serves, making it a directly comparable specialist service provider in the regional market.
• Astilleros de Mallorca: Astilleros de Mallorca is a shipyard and repair facility based in Palma de Mallorca providing refit, maintenance, and engineering services to the same Balearic superyacht and commercial vessel customer base that PME serves.
• Palumbo Group (Palumbo Malta Superyards, Columbus Yachts): Palumbo operates multiple superyacht refit yards across the Mediterranean (Malta, Ancona, Naples) offering mechanical, electrical, and shipyard support services for superyachts, placing it in direct competition with PME for refit and engineering work in the same geographic basin.

Others

• Caterpillar Marine: Caterpillar Marine is the OEM whose agency PME holds for Spain and the Balearics; as PME's principal supplier-partner, it shapes PME's access to parts, technical training, and certified service revenue, making it the most consequential ecosystem counterparty to PME's business model.
• Northern Lights (by Northern Lights/Lugger): Northern Lights is a marine generator OEM whose products PME services, supplies, and stocks; as a key technology partner and brand whose installed base drives PME's recurring service and parts revenue, it is a central ecosystem participant alongside the Caterpillar relationship.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/pme_sl
• LinkedInlinkedin.com/company/precision-marine-engineering

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Precision Marine Engineering