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16h ago

NVL Steps Up Shipyard Talks, With Rheinmetall Touted as Potential Buyer

An internal memo says the naval builder is assessing partners in response to heightened defense needs.

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Die Fregatte „Nordrhein-Westfalen“ (F223) der Deutschen Marine liegt an einer Kaimauer der Norderwerft im Hamburger Hafen. (Archivbild)
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Overview

  • NVL told employees it is intensifying consolidation discussions and pledged to brief staff if talks produce a concrete outcome.
  • Multiple outlets reported Rheinmetall’s interest in acquiring Lürssen’s military yards, though neither side has confirmed a transaction.
  • Rheinmetall CEO Armin Papperger declined to discuss any deal before decisions are made and said the group generally seeks to broaden its portfolio.
  • IG Metall Küste signaled conditional openness to shipyard consolidation, called for active federal involvement, and said it has not been included in any talks.
  • NVL, separated from Lürssen’s yacht business in 2021, operates Peene-Werft, parts of Blohm+Voss and Norderwerft in Hamburg, and Neue Jadewerft in Wilhelmshaven, employing about 1,700 people in Germany.