Acquisition of Austin Parker Yachts

Austin Parker Yachts, an Italian yachting brand with commercial headquarters in Liguria and production yard in Pisa, has been acquired by well-known Turkish businessman Baris Nalcaci.

Austin Parker Yachts is a leading yacht-building company with a 25+ year history in Europe and the United States.

Giovanni Sebastiano Gravagno, founder of Austin Parker Yachts says:

"With Baris Nalcaci on board, we begin a new era for the brand. His experience in global brand development, composite and other materials, as well as product design, will help us in the new project. We feel fortunate to have him as an investor, so we can start this journey from our new shipyard, which covers an area of 27 thousand square meters, at the Navicelli Canal in Pisa, just 5 km from Galileo Galilei International Airport”.

Baris Nalcaci, expressing his gratitude for being part of this iconic brand, confirms:
"Giovanni Sebastiano Gravagno will continue to be at the helm of Austin Parker Yachts during this exciting journey with his immense experience as he is the heart and brain of the company. We will maintain the soul of Austin Parker Yachts, which has been very successful in various markets so far, particularly in the 44- to 85-foot range. In addition to strengthening our position with the existing product range, we will add new products that we believe will bring a wave of excitement to the market. The first line of these products will be the motor catamarans that we will present at this year's Cannes Yachting Festival. I am excited that these catamarans designed by Pininfarina in collaboration with the great naval architect Fulvio De Simoni are coming to life. I am very confident about this fantastic journey with Giovanni Sebastiano Gravagno.

The interest in our products is beyond my expectations even at this early stage".