Tankoa Yachts acquires the OTAM division in Genoa

Another important acquisition has taken place in the yachting world, confirming the sector’s ongoing dynamism. The key player is Tankoa Yachts, the Ligurian shipyard specialized in building custom superyachts, which recently announced it has taken over Otam’s business branch. The operation includes both the historic production site in Genoa and the brand, while the pier activities in Santa Margherita Ligure remain under the ownership.

The acquisition of Otam by Tankoa Yachts marks another successful step in the shipyard-boutique’s ambitious expansion project, unveiled earlier this year.

The OTAM facility covers approximately 4,800 sqm of covered areas, 3,300 sqm of open-air spaces and a water basin of nearly 10,000 sqm, complete with existing infrastructure and operational workshops. Tankoa will undergo a restructuring and upgrading program that includes extending concessions, consolidating and reorganizing these areas, and building new production sheds in line with the shipyard’s current needs.

The operation goes beyond facilities and infrastructure: the OTAM workforce is being integrated into the Tankoa Yachts team, ensuring job continuity while enriching the shipyard with new skills and experience. The OTAM brand, with its long-standing heritage and solid international reputation, thus becomes part of Tankoa’s portfolio. The shipyard is committed to preserving its legacy, while defining the strategy that best aligns with its long-term yachting production vision.

“With this transaction, Tankoa Yachts further strengthens its bond with the city of Genoa, reaffirming its role as an ambassador of Italian yacht building excellence and consolidating its presence in the region”, says the company in an official note.