American-German investor Michael Said has acquired solar catamaran builder Silent-Yachts through acquisition vehicle Helios Yachts Investments. Said, who has a Silent 62 3-Deck in build, has taken control of all Silent-Yachts assets, including intellectual property and the Silent Italia yard.
Fabrizio Iarrera was named CEO, and has already restructured the business.
“Silent-Yachts is known and recognized throughout the yachting world for developing the technology to make electric catamarans a reality,” Iarrera said in a statement. “There are costs associated with creating an entirely new market, and the original business fell prey to these, at a time when price inflation everywhere was spiraling out of control.”
Iarrera will run day-to-day operations with support from Said and a board of shareholders. Steve Bell is vice chairman of the board.
The company said its priority is to finish the yachts under construction, then reshuffle the production schedule to offer additional build slots for 2025 and 2026. Silent owners will receive the same service and warranty work, as well as support from a worldwide network.
