Italy’s Group Effebi-Overmarine has won the bid to buy-out troubled Italian superyacht yard Baglietto, which went into voluntary liquidation in March this year.

Controlled by the Balducci family, Group Effebi-Overmarine, is responsible for the Mangusta line of open motoryachts and has one of Europe’s largest fibreglass facilities.

The group acquired Baglietto – including Cantieri di Pisa – for