TKMS withdraws purchase offer for German Naval Yards

No consensus TKMS Withdraws From Negotiations Over German Naval Yards

2026-07-23 Source: dpa | Translated by AI 1 min Reading Time

They talked long and intensively, but no agreement was reached. That is TKMS's conclusion regarding the planned purchase of the neighboring shipyard GNYC ...

Plan fell through, but it's not a big deal! TKMS wanted to buy the neighboring Kiel (Germany) shipyard German Naval Yards. The negotiations dragged on, but no agreement could be reached ...(Source: TKMS) — Plan fell through, but it's not a big deal! TKMS wanted to buy the neighboring Kiel (Germany) shipyard German Naval Yards. The negotiations dragged on, but no agreement could be reached ...
(Source: TKMS)

The Kiel (Germany)-based naval shipbuilder TKMS, known primarily for its submarines, is withdrawing from talks about purchasing the neighboring shipyard German Naval Yards (GNYC). According to TKMS CEO Oliver Burkhard, while acquiring the shipyard would have been a nice option, it was not a necessity. This decision was reported earlier by Handelsblatt. According to further statements from TKMS, even after intensive discussions with the owners CMN Naval, they were unable to agree on the economic conditions of the transaction. The non-binding offer for the potential purchase of the shipyard was mainly withdrawn for this reason, it is further stated.

TKMS is already well-positioned for the future anyway

With Kiel and Wismar alone, TKMS (Thyssenkrupp Marine Systems) can also reliably and on time handle the existing and future order volumes. In addition to TKMS, the defense company Rheinmetall has also, as is known, submitted an offer. For those unaware: the two naval shipyards TKMS and German Naval Yards share a site in Kiel (Germany) and were long united. They originated from the former traditional shipyard HDW (Howaldtswerke-Deutsche Werft AG), whose roots date back to 1838. The former HDW surface shipbuilding division was spun off and now operates under the name German Naval Yards.

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