Overview
- TKMS confirmed it filed a non-binding offer for GNYK and said negotiations remain open-ended with no price disclosed.
- The step follows a review of GNYK's finances and aligns with CEO Oliver Burkhard's pledge to decide quickly on a potential deal.
- GNYK is owned by France's CMN Naval and runs a large Kiel facility that builds frigates and corvettes with roughly 400 employees.
- The adjacent yards stem from the former HDW site, and TKMS views the location as valuable capacity as its order backlog has reached €18.2 billion.
- Earlier reporting indicated Inocea Group was also in discussions with GNYK, and the yard has declined to comment publicly.