Now also at sea Defence Company Rheinmetall Buys NVL From Lürssen

Source: dpa | Translated by AI 1 min Reading Time

As the EU Commission has now decided, Rheinmetall is allowed to take over the military division, namely the naval shipbuilder NVL of the Bremen (Germany)-based shipyard group Lürssen ...

Until now, Rheinmetall has primarily equipped warships with laser systems and cannons, such as the Oerlikon Millennium Gun for fast surface targets. Now, however, the Düsseldorf (Germany) -based defence company wants to build entire ships, as it is allowed to take over NVL ...(Image: Rheinmetall Air Defence AG)
Until now, Rheinmetall has primarily equipped warships with laser systems and cannons, such as the Oerlikon Millennium Gun for fast surface targets. Now, however, the Düsseldorf (Germany) -based defence company wants to build entire ships, as it is allowed to take over NVL ...
(Image: Rheinmetall Air Defence AG)

Rheinmetall has been granted approval by the EU Commission to acquire the military division NVL of the Bremen-based shipyard group Lürssen, as announced today. Germany's largest defence company, headquartered in Düsseldorf, had already agreed on the purchase with Lürssen in September. This also includes the Blohm+Voss shipyard in the Hamburg (Germany) port, by the way. The transaction primarily concerns the construction of surface ships and related services in the defence sector. Given the limited impact on market structure, there are no competition concerns regarding this step after thorough examination.

Why only equip ships and not build them yourself?

Rheinmetall aims to broaden its scope and add naval shipbuilding as an additional business segment. The company has not previously built its own ships but does conduct business with the navy—such as with naval guns and laser modules, as reported. The purchase price remains undisclosed. The private shipyard group Lürssen has been split into two divisions since October 2021, namely the naval division Naval Vessels Lürssen (NVL) and a yacht division. NVL specializes in the design and construction of naval and authority ships for the German Navy and customers worldwide. In Germany, NVL includes four shipyards: the Peene-Werft in Wolgast (Mecklenburg-Vorpommern), parts of Blohm+Voss, the Norder-Werft in Hamburg, and the Neue Jade-Werft in Wilhelmshaven. There are also locations in Bulgaria, Croatia, Egypt, and Brunei.

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