‘Friendship’ is hull #2 of Canados 120. She was launched and delivered in 2013

Italian shipyard Canados has been sold to Michel Karsenti, a French entrepreneur and founder of yacht consultancy firm Yacht-Ology, for an undisclosed sum.

Canados was established in 1946 and has since delivered over 700 yachts of up to 36m in length. Karsenti had more than 12 boats sold and produced at Canados in the past few years, including his own 2014 brand, Oceanic Yachts, which started business using Canados as a building contractor.

Karsenti’s involvement with Canados has been a long-term ongoing relationship. Having built yachts from 21m-80m around the world, he says he has always been fascinated by the” know-how, unique craftsmanship, knowledge and passion” found at Canados.

Michel Karsenti Canados-OY-sb

French entrepreneur and founder of yacht consultancy firm Yacht-Ology, for an undisclosed sum

Karsenti’s immediate plans are to introduce three new product lines – Canados Yachts, Gladiator Yachts and Oceanic Yachts.

The Canados line will comprise a five-model range of modern-classic flybridge models with fully custom interiors. The hulls and superstructures will be designed in-house in GRP.

Each model in the Gladiator line of sport yachts will be available in a sport and performance version. The sports version will be equipped with propeller shafts in GRP construction, whereas the performance versions will have surface drive transmissions, and a hull and superstructure in vacuum-bagged Kevlar/Aramat with carbonfibre reinforcements.

All models in the Oceanic Yachts line of fast expedition yachts are based on a unique “displaning” stepped hull concept that allows the boat to run at long-range speed with optimised stability and low consumption. The hulls are in GRP and the superstcutre in Kevlar/Aramat.

“As you can imagine, we did not acquire such an iconic shipyard as the result of a caprice,” says Karsenti. “It’s been a long process and a well-thought move. For now, we are busy taking the first steps renovating and putting up-to-date the production facilities as well as the two marinas that are part of the shipyard. We will soon introduce the market with new products. I also want to mention that our aim is to continue building ‘haute couture’ and surely not go for high production numbers.”

Canados (an acronym for for CAntieri NAvali Di Ostia) is based in Ostia, a suburb of Rome. The company is celebrating its 70th anniversary this year.