Lürssen is establishing long-term cooperation in naval shipbuilding with German Naval Yards Kiel. The existing military and naval surface shipbuilding activities are to be contributed to a joint company and led by Bremen-based Lürssen Group.
From the first stages the German Government, represented by their Maritime Coordinator, Norbert Brackmann, MdB, was involved in the process for accompanist on and supporting the process substantially with his expertise.
The goal of the combination is to improve the structure of the German shipbuilding industry and to bolster its efficiency and sustainability. In addition to the construction of highly innovative and technologically advanced naval vessels, this also includes the functional integrity of such vessels over the entire life cycle.
According to Iskandar Safa, CEO of Privinvest Holding SAL, the ultimate parent company of German Naval Yards Kiel GmbH: “The consolidation in Germany is long overdue. Germany has first-class naval yards and excellent technologies. However, our customers require partners with sufficient scale and capabilities to fulfil large-scale orders of strategic importance. Our customers can be better served if domestic players join forces. We have made an important step in the right direction today. We look forward to working with our partner Lürssen."
Friedrich Lürßen, a shareholder of the Lürssen Group adds "We are convinced that the consolidation of our naval shipyards has significant strategic merit and will strengthen their competitiveness in the future. We are pursuing this step with the objective to provide a more comprehensive and efficient offering for the supply and maintenance of high-quality naval units to the national customer. We stand ready for this with our team of motivated and highly qualified employees. With this strategic project, we also want to actively contribute to mitigating the effects of the current corona pandemic and to safeguard the national industry’s jobs and technological capabilities in the long-term. We look forward to working with our new partner and are confident to take the required next steps to successfully implement our consolidation strategy.”