Ferretti Group – Bang&Olufsen: an important agreement has been signed in order to offer demanding shipowners top quality on-board technology, design and innovation
The Ferretti Group, one of the leading companies in the world within the sphere of designing and building luxury motor yachts and sporting boats marketed bearing the Ferretti Yachts, Pershing, Itama, Bertram, Riva, Apreamare, Mochi Craft, Custom Line and CRN brands, and Bang & Olufse, a Danish multinational manufacturing top quality, innovatively designed audio and video systems, have signed an exclusive co-branding agreement for the next three years.
Bang & Olufsen’s top quality entertainment systems featuring innovative and unique design can be installed on any Ferretti Group yacht, guaranteeing high standards of safety, service, reliability and integration.
“The Ferretti Group adhered enthusiastically to this initiative,” explains Norberto Ferretti, Chairman of the Group. “We have always dedicated great attention, considerable investments and a constant commitment to both R&D and studying new technological solutions. This demonstrates our ability to understand the market signals and demands for increasingly more innovative products. Our yachts feature an extremely high level of technological applications based not only on their performance, but also on the materials used and on-board comfort - the fruit of our Engineering Division’s in-depth research”.
“Considering the pleasure of listening and viewing, and the ease of interaction and integration our products offer,” says Torben Ballegaard Sørensen, Bang&Olufsen a/s Chairman and Managing Director of, “Bang&Olufsen should be the preferred solution for the on-board entertainment of all luxury yacht installers and owners for whom quality is a priority”.
The Ferretti Group, headed by Chairman Norberto Ferretti, currently encompasses Ferretti Yachts, Pershing, Itama, Bertram, Riva, Apreamare, Mochi Craft, Custom Line and CRN. It employs a staff of over 2,500, excluding side-line businesses, and covers a surface area (indoors and out) of over 673,000 square metres. The Ferretti Group boasts 19 production units in Italy, 2 in Spain and 1 in the United States, and closed its financial statement on 31st August 2005, with a consolidated turnover of about 636 million Euros, a 14% increase compared with the 557 million registered for the previous year. Further information about the Ferretti Group is available atwww.ferrettigroup.com.
Founded in 1925 in Struer, Denmark, Bang&Olufsen a/s is well-known all over the world for its exclusive range of quality electronics, which represent the company’s courage to continuously question the ordinary, in order to search long-lasting experiences. The Bang&Olufsen Group produces a unique range of televisions, music systems, loudspeakers, telephones, and medical and multimedia products. With over 2,400 employees, and products sold in over 60 countries all over the world, Bang&Olufsen’s turnover for the 2003/2004 financial year was 3,613 million Danish krones (486 million Euros). Further information about Bang&Olufsen a/s is available at: www.bang-olufsen.com.