Overview

• The purchase price was not disclosed, with some media reporting the deal could exceed one billion euros.
• Rheinmetall plans to make NVL a new business unit and expand into full ship construction with integrated weapons and IT.
• NVL reported about €1 billion in 2024 revenue and employs roughly 2,100 people across multiple German yards and international sites.
• The shipbuilder is a leading producer of corvettes and frigates in Germany alongside Thyssenkrupp Marine Systems.
• Rheinmetall’s expansion follows strong growth since 2022 as a key supplier to Ukraine, which has boosted its market position and ambitions in the naval sector.