German shipyard Blohm+Voss is being sold by UK-based Star Capital Partners, with family-owned Bremen shipyard group Luerssen the buyer.
Luerssen has acquired the Hamburg yard to strengthen their portfolio in the repair and refit activities, with the group set to expand to six highly specialised shipyards in Northern Germany with around 2800 employees.
“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,” commented Peter Luerssen, managing partner at Luerssen Maritime Beteiligungen.
Pricing of the deal, which is subject to approval by the German Fair Trade Commission, was not disclosed.