Sirena Marine Denizcilik Sanayi ve Ticaret A.S. was established to build Azimut branded Motor Yachts as a result of the agreement signed between The Kıraça Group of Companies founded by İnan Kıraç and Claude Nahum – majority shareholder of Karsan, Turkey’s first and only contract manufacturer in the automotive industry - and Azimut- Benetti in November 2006.

The Italian Azimut-Benetti group, the third largest yacht manufacturer in Europe, and world’s leading manufacturer for yachts over 24 m., and Sirena Marine established by Kıraça for yacht manufacturing, have signed an agreement for the production of the 12.8m Azimut 42E motor yacht model. Sirena Marine, with an annual production capacity of 50 motor yachts, is planning to build 10 yachts in 2007 and 34 yachts in 2008. Majority of its total production volume will be sold to Azimut Italy. Sirena Marine has a workforce of 70 people on a plant belonging to the Kıraça Group of Companies which is located in the Bursa Organized Industrial Zone.

Sirena Marine, the innovator yatch builder with the mass production concept in Turkey, is willing to bring Karsan’s – the main company of The Kıraça Group of Companies - production savvy and efficiency standards in the automotive sector to the motor yacht industry. Also, Sirena Marine plans to increase its annual production to 100 units over time and strengthen its partnership with Azimut-Benetti through various other projects.