After the death of Gino in 1927, his sons Giuseppe and Virgilio took over his share, while Maurizio and Bertani assisted their father Emilio.

[citation needed] During World War II, the yard built medium-sized military vessels in steel, but due to highly effective bombing, the production was severely limited.

Lorenzo died in 1980 and the company fell into financial difficulties until 1984, when it was purchased by Paolo Vitelli, the owner of Azimut, who renamed it Benetti Shipyard.

[1][2] In 1988, Benetti built a ship to challenge for the transatlantic Blue Riband award but its efforts proved unsuccessful.

[4] Viareggio is the historical shipyard, in 1990 Benetti took over the 47,000sq m Lusben yard to allow the construction of both the Azimut range up to 100 ft, and the composite Benetti range and in 1997 was vastly expanded to 10,000 square metres (12,000 sq yd) to allow indoor building of yachts up to 70 m. In 2003 was acquired the area of the SEC yard which went bankrupt in the previous years in order to expand the production.

The company purchased the Siar-Moschino yard in Fano in 1998, taking the total capacity to 44,000 square metres (53,000 sq yd).

[citation needed] Azimut-Benetti acquired the Cantiere navale fratelli Orlando in 2003 when the Livorno yard was in severe economic difficulties.

The old shipyard has been partially demolished to make space for a residential and commercial area named Porta a Mare (Gate to sea), the part toward the entrance of the harbour was transformed with the construction of six huge sheds were to laid down the yachts.

With fiberglass hull sizes up to 99 feet, powered by the Caterpillar C18 the maximum speed of Benetti Tradition 99 is 15 knots.