Acquisition of Blohm + Voss by Lürssen approved

Lürssen announced yesterday (31st October) that its acquisition of Blohm + Voss from Star Capital Partners, has been approved by the German Fair Trade Commission.

Both yards have previously worked together on various projects, with the acquisition seen as a positive move by both. 

Peter Lürssen, managing partner at Lürssen Maritime commented, “With this decision, we are a major step closer to achieving our goal.

“We want to use these facilities to complement our existing refit and repair activities and also to offer our customers an even better service. In addition, we would like to utilise the competence and experience of the shipyard and its employees for the new build of complex naval ships and continue their production at the Hamburg site.

“The construction of yachts at the Hamburg yard will depend on the overall market situation and it is difficult to judge at this time.”

Both parties have yet to confirm whether they will merge, and whether the Blohm + Voss name will be kept.

Fred van Beers, CEO of Blohm + Voss described Lürssen as a long-term strategic owner, “who wants to jointly develop our company.”

Dr. Klaus Borgschulte, technical director at Lürssen Werft GmbH & Co. KG also commented, “We are confident that we already have a good basis on which to continue this relationship and to move forwards with the companies under one roof.”

For more information visit Lürssen or Blohm + Voss.