German Shipbuilder Buys Blohm+Voss Yard

In an effort to strengthen its portfolio in the repair and refit activities for yachts, naval and commercial ships, the German shipbuilder Lürssen has acquired the Blohm+Voss shipyard in Hamburg for an undisclosed price.

The contract between Lürssen and the funds of British private equity investor, Star Capital Partners has been signed and the agreement is currently subject to approval from the German Fair Trade Commission (Bundeskartellamt).

“With the acquisition of Blohm+Voss we are taking over a shipyard with a strategically advantageous location and versatile production facilities. We want to use these facilities to complement our existing refit and repair activities and also to offer our customers an ever better service,” Peter Lürssen, Managing Partner at Lürssen Maritime Beteiligungen GmbH & Co. KG. said.

While the shipyard is expected to continue building naval ships, the construction of yachts at the Hamburg yard will depend on the overall market situation, Lürssen added.

Pending approval from the German Fair Trade Commission, Lürssen will combine six shipyards with approximately 2800 employees in Northern Germany.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >