Acquisition of Compositeworks
Marina Barcelona 92 (MB92) announced on November 8, 2017 the acquisition of 75% of the capital of Compositeworks. The agreement, signed on 31 October in Barcelona, provides that the balance of the capital remains in the hands of the current shareholders. Benjamin Mennem will remain President of Compositeworks and will be supported by his technical and operational teams.
A gateway to the great form of La Ciotat
We remember that the last few months have been marked by many movements in the yacht refit industry in France. The German shipyard Blohm+Voss caused a sensation at the end of 2016 when it won the contract to exploit the great shape of La Ciotat, in front of local players including Compositeworks. Meanwhile acquired by another German, Lürssen, Blohm+Voss joined forces in February 2017 with Catalan company MB92 to manage the La Ciotat site. At the same time, Compositeworks took control of its rocky counterpart Atlantic Refit Center, thus offering itself a large form of refit in the Atlantic, quickly used with the megayacht Ulysses. With the takeover by MB92, Compositeworks once again opens the door to the great form of La Ciotat.
Cooperate to develop La Ciotat
MB92 and Compositeworks, together with Blohm+Voss La Ciotat, indicate that they want to cooperate closely to operate the facilities at the La Ciotat site under the best conditions. Their objective is to attract high-potential projects and develop the service offered to customers on the Côte d'Azur, as explained by Pepe García-Aubert, director of MB 92." We strongly believe in the development of the City of La Ciotat as a world-class refit and yacht repair centre. This is not only due to its geographical location, but also to the industrial opportunities located on this site. By working closely with La Ciotat Shipyard (SEMIDEP), we are convinced that in a few years we will achieve one of our main objectives by participating in the establishment of the city of La Ciotat as a world reference for yachting excellence."
Creating a world leader
With its 3 sites in La Ciotat, Barcelona and La Rochelle, the group created around MB92 is becoming the most important in the world in the field of refit in luxury yachting. "Together, we are now the leader and largest refit and yacht repair group in the world. The combination of our respective synergies and know-how will allow us to provide better service to our customers at two major sites; Barcelona and La Ciotat. "says Benjamin Mennem.