By Robert Wielaard

Acico Yachts in the Netherlands says it is carrying out internal financial oversight following the recent purchase of Dutch sailing yacht-maker Jongert.

Acico Yachts sales manager Sytse de Vlas told Superyacht Business he expects the company to fully back in business “by next week, if not earlier”.

De Vlas said the internal financial review was unrelated to market conditions. Based in Enkhuizen, just north of Amsterdam, Acico Yachts has three motor yachts from 18m to 24m in build. It is negotiating contracts for three more, ranging from 15m to 41m.

The yard is part of Kuwait-based Acico Group, which is active in building materials and services, real estate and hotels. De Vlas said the parent company is financially strong, adding, “That’s a big advantage.”

In addition, Acico’s sales manager said internal oversight was necessitated by the discovery of weak financial management related to the Jongert yard purchase. “That’s the cause of our current problems,” de Vlas said adding that the company is “looking at many things. This is mostly about how we financially” revamp Acico Yachts.