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28 November 2020 The on-line newspaper devoted to the world of transports 18:47 GMT+1

May 14, 2020

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Agreement between the German Larssen and German Naval Yards merger of construction activities military ships

Consolidation negotiations have had the support government

The German naval trade groups, Larssen and German Naval Yards Kiel have entered into an agreement to merge their activities in the construction of military ships Surface. The two sides have specified that the German government is been involved from the outset in merger negotiations maritime coordinator Norbert Brackmann and have concentration is part of the recent government's decision to classify the entire shipbuilding industry as German "key technology".

"In Germany," said Iskandar Safa, managing director Ceo of the Middle East Privinvest Holding, the holding company to which it makes chief the German Naval Yards Kiel - a consolidation is expected long overdue. Germany, he pointed out, has shipyards of top-notch and excellent technologies. However, Safa said, our customers ask for partners with size and capacity sufficient to meet broad strategic orders Importance. Our customers can be better served if national operators join forces. Today - Safa pointed out - we have taken an important step in the right direction."

"We are convinced," agreed Friedrich Laen, shareholders of the L'rssen Group - that the consolidation of our shipyards have considerable strategic significance and that in will strengthen their competitiveness. 're taking this step with the aim of proposing a more complete and dynamic for the supply and maintenance of units high-quality vessels for domestic customers."

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