The Palumbo Group has moved into the former Mondomarine shipyard in Savona, Italy. Mondomarine ceased trading as the Italian bankruptcy courts wound up its operations in December.

A statement from Palumbo says it will lease the yard for six months and immediately hire nine former Mondomarine workers. “The aim is to further reinstate a good part of the Mondomarine Savona workers, as a consequence of the desired, final acquisition,” says the statement. “The entry into Mondomarine represents a new, important step for Palumbo in its strategic development plan concerning its own network of shipyards in the Mediterranean and, of course, the new build division.”

Palumbo Superyachts Division also includes Columbus Yachts and ISA Yachts. It also offers refit services with other Palumbo yards.