Sweden’s Najad Yachts has ceased operations on the Island of Orust, home to other well-known yacht producers such as Hallberg-Rassy. Production in Henån has come to a halt and CEO Jörgen Ottosson has left the company. Negotiations will be held with all other employees in early May.

The news comes just months after Najad AB acquired Arcona Yachts in February, creating one of Sweden’s biggest producers of premium sailing yachts with a combined turnover of more than SEK 100m.

In the future, Najad sailing yachts will now produced in Uddevalla, 30km from Henån, at a factory where some Najad and Arcona models have been produced for some years.

In a statement, Najad says the board has analysed the business and activities of both companies, looking for future potential. The conclusion is that Arcona Yachts has a very successful business model, meaning they have produced boats in close cooperation with a small number of subcontractors. This business model with now be applied to both brands.

The new Najad 395 AC had its world premiere at boot Düsseldorf in January and a new 395 CC model will appear at Open Yards in August.

Arcona is currently building its new 435, which will have its premiere in August at Allt på Sjön, just outside Stockholm.