Rheinmetall wants to offer war ships. The arms tycoon takes over the military shipyard

The German arms concern Rheinmetall takes over the military branch of the shipyard from Lürssen Group. The giant of the defense sector wants to enter the market of naval war ships and expand its offer in the face of growing defensive budgets.

Rheinmetall announced that he agreed with the Lürssen Group key conditions for taking over Naval Vessels Lürssen (NVL), and thus a specialized branch of the Military Shipyards, which in its long history built about 1000 ships, delivering them to over 50 different war sailors and coastal guards.

The parties plan to formally complete the transaction in the “near future”, but with the proviso that its finalization is to take place at the beginning of 2026, provided that the consent of the relevant antitrust organs is obtained. The parties agreed not to reveal the purchase price.

“Thanks to this significant strategic acquisition, Rheinmetall expands its offer with the construction of war ships and strengthens its position of the leading defense technology supplier in Germany and Europe,” Rheinmetall wrote in press release.

“The current situation regarding conflicts shows that the military ability to enforce law is also gaining more and more significance in the maritime sector. Rheinmetall intends to meet the huge increase in demand from naval forces and growing budgets on orders, offering high -performance system solutions based on the latest digital infrastructure and covering all spectrum For sensors and effectors, “informs the company.

The key factor in the expected success in the military shipbuilding industry is that Rheinmetall already has wide access to the global maritime sector on international markets and enjoys customer trust. Rheinmetall already offers a selected assortment of modern system components for maritime applications, especially in terms of simulation solutions and sea protection systems.

The concern counts on the synergy effect, especially in the field of vehicle production by the Rheinmetall Vehicle Systems division. NVL shipyards offer the possibility of using existing heavy infrastructure, employees' knowledge and hardware capabilities to strengthen the production of vehicle systems and create power reserves for the future in the automotive sector.

NVL is a private company founded about 150 years ago. Previously known as Lürssen Defense, she was separated from the yacht division in 2021 and continued its activity as an independent company as part of the family Lürssen Group. It has four shipyards in northern Germany: Peene-Werft in Wolgast, Blohm+Voss and Norderwerft in Hamburg and Neue Jadewerft in Wilhelmshaven. It also has international locations. The company employs approximately 2,100 people around the world and in the financial year 2024 generated sales of around EUR 1 billion.

Rheinmetall is a producer of tanks, grenades and infantry combat vehicles and the largest ammunition producer in Europe. The course of his action is on a wave of emerging Russia in Ukraine in 2022 and related defense expenses, primarily European countries. The company is valued at nearly EUR 85 billion. The price of Rheinmetall shares only gained over 208 percent this year. Until 1896.50 euros for the action I is located in the area of ​​the historic summit from July (1944 euros). Since Russia's attack on Ukraine in 2022, the company's exchange rate has already gained about 1,700 percent.

Mku

Source: