Tankoa acquired OTAM

The boutique shipyard Tankoa Yachts, specializing in the construction of custom superyachts, has announced the acquisition of the business division of OTAM, a manufacturer of high-speed yachts and cruisers. As a result of the deal, Tankoa will take control of both OTAM’s main shipyard in Genoa and the OTAM brand itself. The docks in Santa Margherita Ligure will remain under the management of their current owners. Tankoa plans to undertake restructuring and upgrades, which includes extending concessions, consolidating and reorganizing the territories, and constructing new production facilities.