Austin Parker Yachts sold to Turkish businessman
Austin Parker Yachts in Italy has been sold to Turkish businessman Baris Nalcaci for an undisclosed sum.
Austin Parker Yachts, with its HQ in Liguria and production facility in Pisa, has over 25 years of supplying motor yachts in Europe and the US. The range currently consists of three models – Ibiza, Mahon and Palma. The latest project is the Palma 86 Fly, a 4/5 cabin yacht incorporating innovative and functional design.
The company is also launching a new 27,000m² shipyard, at the Navicelli Canal in Pisa, just 5km from Galileo Galilei International Airport.
Company founder and CEO of Austin Parker Yachts Giovanni Sebastiano Gravagno said:
“With Baris Nalcaci on board, we begin a new era for the brand. His experience in global brand development, composite and other materials, as well as product design, will help us in the new project.
“We feel fortunate to have him as an investor, so we can start this journey from our new shipyard.”
Giovanni Sebastiano Gravagno - Founder and CEO of Austin Parker Yachts
Gravagno will continue at the helm of the company.
Nalcaci is the President of Epsilon Composite, a manufacturing company based in Turkey that supplies composite materials to the aerospace and marine markets.
In March 2022, Italian design studio Pininfarina Nautical and yacht designer Fulvio de Simoni revealed they are working on a 48ft motor catamaran project for a new brand called Epsilon Yachts, launched by Epsilon Composite.
“We will maintain the soul of Austin Parker Yachts, which has been very successful in various markets so far, particularly in the 44ft-85ft range.
“In addition to strengthening our position with the existing product range, we will add new products that we believe will bring a wave of excitement to the market. The first line of these products will be the motor catamarans that we will present at this year’s Cannes Yachting Festival. I am excited that these catamarans designed by Pininfarina in collaboration with the great naval architect Fulvio De Simoni are coming to life.
“I am very confident about this fantastic journey with Giovanni Sebastiano Gravagno.”
Baris Nalcaci - new owner of Austin Parker Yachts