The Italian Sea Group (TISG), a company active in the luxury yachting with the brands Admiral, Tecnomar, Perini Navi, Picchiotti, NCA Refit and Celi 1920, completed the process sale of the Viareggio shipyard to Next Yacht Group, company operating in the segment of boats up to 50 meters, for a value of 21 million euros. The construction site of Viareggio derives from the acquisition of the Perini Navi business unit occurred at the end of 2021.

TISG explained that, due to the dimensional characteristics and mainly related to draught and the size of the Sheds, the production site, part of the Group's acquisition Perini Navi, was unsuitable for the production of yachts over the 50 meters, which represents TISG's core business. The In fact, full-custom mega and giga yachts make up about 90% of the world's the company's current order book which, according to the ranking of "Boat International", turns out to be the first player in Italy and the third in the world in this size range.

With the transaction, TISG concluded the plan for the sale of its assets of the Perini Navi business unit deemed non-strategic at the development project of The Italian Sea Group. In 2023, the company had already sold - for a value of 12 million euros - the building previously used as Perini Navi offices, in the extent to which corporate activities have been centralized at the Marina di Carrara headquarters with a view to a more efficient business management.