Luca Bassani Antivari, President and founder of Wally, decides to build his family yacht combining the comfort and luxury of a large cruising yacht with the performance of a maxi-yacht racer, and making sailing easier and safer. In fact, being a keen and experienced sailor himself, Luca Bassani did not want to give up the pleasure and enjoyment of speed, but at the same time he wanted a family-friendly and very comfortable yacht he could sail with little crew and have his children onboard without worrying about safety. So he starts developing ideas and concepts new to cruising yachts that he felt would meet his requirements, like the use of advanced composites and easy-handling features. Since then, Wally has become a leader in the development of cutting edge style, advanced composite yachts. In 2001 Wally entered the motor yacht market with three different projects, sharing the same concept of combining technology and design to obtain a new type of boat, as it did with the sail.
The holding company for Wally yachts is based in Monte-Carlo, with the sales, administration and finance, marketing, press and public relations departments. Wally Europe includes a shipyard located in Massa Carrara (Italy) for the construction of the WallyPowers production boats (67, 47 and WallyDinghy), and the facility located in Fano (Italy) that comprises the advanced composite construction shipyard with a post cure oven for 50m yachts, the joinery woodcraft that works also for third parties, and the technical office with designers, engineers, naval architects, interior designers, and structural engineers, to design and develop the yachts. WMagic, Biserte (Tunisia) is the shipyard for the construction of the Wally Tenders and the composite of the Wally 80ís, as well as the advanced composite construction for third parties. As a group, Wally provides for 265 people building yachts, 35,500 sq. meters (382,118 sq.ft.) of building area, 4 ovens to cure the advanced composites, 60 carpenters, 3000 sq. meters (32,292 sq.ft.) of woodwork area, 42 people for the systems, 143 people for composite processing and finishing, 33 people for the development and design of the yachts and 120 meters of mooring docks.