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MB92 Group has published its fifth industry report on how data, artificial intelligence and connected systems are changing yacht refit and operations. The yard said the biggest shift will come from “connected intelligence” rather than any single technology, with reliable data, interoperability, skills and cybersecurity needed to make it work.
Squircle Capital has increased its stake in MB92 Group to 100%, after a series of earlier increases from 77.5% in 2019 to 93% in 2022 and 98% in 2025. MB92 said the move comes as it develops a five-year strategic and expansion plan.
MB92 Group has had Ben Mennem acting as interim chief executive since December while it searches for a permanent leader. The refit group said it now employs more than 400 people and is also pushing ahead with MB92 Red Sea, MB92 Golfe-Juan and the integration of GYG Ltd.