Overview

• Rheinmetall agreed to buy Naval Vessels Lürssen from the Lürssen group, with the purchase price confidential and media estimating it above €1 billion.
• Competition approval is required before closing, which the companies aim to complete in early 2026.
• NVL adds four German shipyards, about 2,100 employees and roughly €1 billion in 2024 revenue to Rheinmetall’s portfolio.
• Rheinmetall plans to integrate NVL as a standalone division, retain all sites and staff, and expand into integrated maritime systems with expected synergies.
• Lürssen will keep its yacht business, and Rheinmetall shares rose to a record high following the announcement.