Acquera Yachting to acquire G&K Yachting

Acquera Yachting has announced that a preliminary agreement has been reached for the complete acquisition of G&K Yachting’s agency division.

In a recent announcement on its LinkedIn page, Acquera Group said, “We are excited to announce that, last week at a launch event held at the Palazzo San Teodoro in Naples, Acquera Yachting founder and CEO Stefano Tositti and G&K Yachting Managing Directors Georgios Mourkakos and Kostas Skiathitis signed a preliminary agreement for Acquera Yachting to acquire G&K Yachting division.

“In line with our expansion plans to open up offices all around the Med, we will now be offering our yacht-agent services in Greece in addition to our Italian operation along the Italian coastline and main islands.

“G&K Yachting will continue to manage and operate the business and given that the season is nearly upon us, they will operate under the G&K Yachting brand until the end of 2018, when they will move under the Acquera Yachting brand identity.”

Acquera Yachting, the yacht-agency subsidiary of the Acquera Group, started up in Venice in February 2018. Its acquisition of G&K Yachting, which operates in Greece, is a strategically critical move to fulfil its expansion plans into Eastern Mediterranean territories.

Tositti commented, “This is a big day for Acquera Yachting. The acquisition is an excellent strategic fit and it fills me with great satisfaction that, within such an extremely short window of time, we have agreed on acquiring G&K Yachting.

“I strongly believe that they are the ideal partner to join forces with and I warmly welcome G&K Yachting and their employees to Acquera Yachting. Together, we can operate from a strong platform that will allow us to rapidly establish a brand and broaden our services to superyachts.”

The management and operation of G&K Yachting will remain unchanged, with it set to continue operation underneath its current guise until the end of 2018, after which it will move under the Acquera Yachting brand.

Mourkakos said, “The acquisition has provided us with an opportunity to expand the business with a company with whom we are very much in line with in terms of vision and company culture.” 

Skiathitis added, ““Acquera Yachting has an incredibly exciting vision and ambitious plans to operate at the highest level within the industry and we are pleased that they selected G&K Yachting to play such an important role in their expansion.” 

More news is expected to emerge about the acquisition in the coming weeks.

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