Ferretti completes acquisition of Wally brand
Wally Why100.
Ferretti has completed its acquisition of the remaining 25 per cent of the share capital of Sea Lion, bringing its ownership to 100 per cent. Sea Lion holds the Wally brand, which has been part of Ferretti’s portfolio since April 2019, when an initial agreement was signed with Wally’s founder, Luca Bassani Antivari.
The full acquisition consolidates Ferretti’s control of a brand it describes as one of its strategic assets in both sailing and motor yachting. The decision follows a period of collaboration between Ferretti and Bassani Antivari.
“I would like to thank Luca Bassani for the excellent work carried out together with Ferretti Group, which has relaunched Wally as a global icon in both sailing and motor yachting,” says Alberto Galassi, Ferretti Group chief executive officer. “On behalf of the group, I reaffirm our commitment to enhancing and further developing a top-tier brand that, through its innovation and prestige, stands as a remarkable player in the international nautical industry. You will be hearing more about Wally very soon.”
Bassani Antivari adds: “I am very pleased to have chosen Ferretti Group to continue the development of Wally, a brand defined by innovation and elegance, to which I have dedicated so much work and passion.”
The transaction does not have a material impact on Ferretti’s cash position and does not qualify as a related-party transaction.
Ferretti Group designs, builds and sells yachts between 8 and 95 metres in length. It owns seven shipyards across Italy and operates through a network of dealers in over 70 countries. Brands in its portfolio include Ferretti Yachts, Riva, Pershing, Itama, CRN, Custom Line and Wally.
