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Lürssen acquisition of Blohm+Voss approved

Lürssen acquisition of Blohm+Voss approved

One of the biggest superyacht mergers in history is due to go ahead, after Lürssen announced today (October 31) that its planned acquisition of the Blohm+Voss yard from Star Capital Partners has been approved by the German Fair Trade Commission.

“With this decision, we are a major step closer to achieving our goal," said Peter Lürssen, managing partner at Lürssen Maritime, who will now be able to review detailed information on the Hamburg-based yard's organisational structures and processes.

He explained: “We want to use these facilities to complement our existing refit and repair activities and also to offer our customers an ever 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."

Blohm+Voss CEO Fred van Beers said the yard has gained a long-term strategic owner “who wants to jointly develop our company”.

The two yards have a history of working together on projects such as the new German Navy Frigate Type F125.

“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," added Dr. Klaus Borgschulte, technical director at Lürssen Werft GmbH & Co. KG.

It is not yet known whether Lürssen will keep the Blohm+Voss name or merge the two brands completely, but the move significantly strengthens the Bremen-based yard’s offering, with new refit facilities in La Ciotat and Hamburg.

The combined power of Lürssen and Blohm+Voss is monumental, with a workforce totalling 2,800 employees and nine shipyards, not to mention six of the world’s 10 largest yachts in their joint fleet.

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