It’s been announced that Hamburg’s Blohm and Voss Shipyard has been sold to Luerssen Maritime. The aquisition of the shipyard by Luerssen Maritime, is underpinned with funds from British private equity investment company, Star Capital.
The deal, pending approval from the German Fair Trade Commission (Bundeskartellamt) will see six specialised shipyards in Northern Germany combine together.
Speaking to Cruise Industry News, Peter Luerssen, managing partner at Luerssen Maritime Beteiligungen GmbH & Co. KG, was delighted at the aquisition of Blohm and Voss:
“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,”
It would seem it’s a good fit for Luerssen Maritime who were founded in 1875 and which specialises in the construction of mega-yachts, naval and coast guard ships.
The financial cost of the takeover by Luerssen Maritime has not been disclosed.
A host of ships go for refits at Hamburg, including cruise ships. Cunard’s Queen Mary 2 earlier this year underwent a $90m refit at the Blohm and Voss shipyard in Hamburg. It would seem cruise ship refits are somewhat lucrative and also a specialty of the shipyard.
Feature Image: abendblatt.de