The end of 2023 marked a significant milestone in the superyacht refit sector with the acquisition of GYG Ltd by Barceloneta-based MB92 Group. With this transaction, the Pinmar and Technocraft brands are added to the company’s growing service portfolio. This merger brings together two leading names: one specializing in high-end yacht painting and the other in world-class refit services , reinforcing their position at the forefront of the industry.
A long-standing partnership
For decades, MB92 and Pinmar have played a key role in the growth and development of yachting services and infrastructure in Barceloneta and beyond, making this acquisition a natural evolution of their long-standing collaborative relationship.
“ It is an honor to welcome GYG to the MB92 Group . the last 30 years , our collaboration has been based on shared values, mutual respect and a firm commitment with excellence for the our clients . We want to build on this solid base, sharing knowledge and experience to improve our services and advance sustainability and innovation initiatives that benefit the entire superyacht community , ” says Pepe García-Aubert, President of MB92 Group .
This partnership, now formalized under a single identity, lays the foundation for a more integrated strategy in yacht refurbishment and maintenance.
A step forward for the industry
As yachts grow in size and complexity, the demand for high-quality refit and painting services continues to rise. By combining their experience and resources, MB92 and GYG are uniquely positioned to meet this challenge, ensuring their clients the highest standards of service.
Remy Millott , CEO of GYG Ltd. , highlighted the acquisition’s impact on operational efficiency and service excellence: “With MB92’s support, we are optimally positioned to continue delivering the high quality standards our customers expect, while also exploring new growth opportunities. Together, we can further optimize projects and digitalization, ensuring we remain successful.”
Furthermore, this partnership provides greater financial stability, allowing GYG to invest in larger projects and cutting-edge technologies, reinforcing its shared commitment to excellence in refurbishment and painting services.
A shared vision of sustainability
Sustainability is a fundamental pillar for both MB92 and GYG. MB92 has led the implementation of sustainable refit solutions , with a focus on reducing emissions, improving energy efficiency, and promoting a circular economy. GYG, for its part, has developed innovative painting techniques, such as electrostatic coating, to minimize emissions, along with a plastics recycling program at the Port of Barcelona that reuses materials from refit projects .
“The future of the industry depends on sustainability. By coming together, we can accelerate our progress and create meaningful change,” confirms Pepe García- Aubert .
This shared vision ensures that MB92 and GYG will continue to develop solutions that reduce the environmental impact of superyacht maintenance and refurbishment .
Looking to the future
This acquisition is not just about expansion, but a strategic step toward transforming the future of the superyacht industry.
With a solid foundation built on decades of collaboration, MB92 and GYG are poised for this new stage, driving innovation, expertise and sustainability to new levels. By joining forces, MB92 and GYG are poised to redefine excellence in superyacht refit and painting services, ensuring they will remain at the forefront of an ever-evolving industry.
