The acquisition gives the ptw Shipyard founders full operational control so they can continue to expand their superyacht and megayacht refit and repair business.
ptw Shipyard, based alongside the deepwater Port Tarraco in the port city of Tarragona, around 50 minutes south of Barcelona, was founded in 2017, and offers refit and repair services for yachts – a one-stop shop to cover all superyacht needs from upholstery and joinery to hydraulics and specialist electronics.
Xavier Mercado, CEO and founder of ptw Shipyard, sees the acquisition as an opportunity to maintain and develop a strong position from which to offer a complete refit service.
“This takeover strengthens our position and allows us to be one of the few Spanish shipyards that offers its clients a fully integrated yacht refitting service, under one roof with its own highly qualified trades team and specialised departments.
“We continue to offer our clients all the expertise required for all aspects of a superyacht refit, delivered to the very highest quality standard in modern facilities.”
Within its site of over 15,000sqm, ptw Shipyard has direct waterfront access, two workshops devoted to yacht painting, carpentry and interiors, engineering and mechanics, electrics and systems, as well as access to Caterpillar authorised sales and service.
With a travel lift able to take vessels of up to 300 tonnes, it is able to accommodate yachts up to 45m in length on its extensive hard standing, and also has the capacity to work on larger yachts of up to 120m in the client’s berth.