Palm Beach Motor Yachts Acquires Iconic Racing Yacht Wild Oats XI
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Palm Beach Motor Yachts, a subsidiary of Grand Banks Yachts, has acquired the iconic racing yacht Wild Oats XI, now renamed Palm Beach XI. This acquisition aims to enhance the company's global presence and reputation for engineering excellence, with plans for significant modifications to compete in the 80th Rolex Sydney Hobart Yacht Race. CEO Mark Richards emphasized the commitment to innovation and performance, aiming to build brand awareness and elevate customer experience. Grand Banks Yachts is listed on the Singapore Exchange and specializes in luxury yacht manufacturing.
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