MB92 has completed the acquisition of GYG Ltd., a company specializing in painting, service, and supply for superyachts, known for its brands Pinmar, Pinmar Yacht Supply, and Technocraft. The deal was finalized on December 31, 2024.
As stated in a press release by MB92, this purchase signifies a significant milestone in MB92’s strategic expansion plan, enhancing its capabilities to address the changing demands of the industry.
Pepe García-Aubert, the chairman of MB92 Group, expressed his enthusiasm about the acquisition, emphasizing the long-standing partnership between the two companies based on common values, respect, and a commitment to excellence. He highlighted the intention to leverage this foundation to improve services, promote sustainability, and drive innovation for the benefit of the superyacht sector.
MB92 intends to uphold its relationships with various service providers, allowing clients the flexibility to select their preferred partners while leveraging MB92’s expertise gained from overseeing more than 10 large-scale painting projects annually throughout the Group.
Remy Millott, the CEO of GYG Ltd, shared his excitement about the new chapter for the company under MB92’s ownership. He mentioned the shared goal of maintaining high-quality standards, exploring growth opportunities, and enhancing operational efficiency, service quality, and technological advancements in areas like paint application, project management, and digital transformation to solidify their leading position in the industry.
GYG Ltd. will continue its operations independently in Europe and the U.S., preserving its established presence in these key markets.
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