TKMS mulls bid for insolvent German shipyard to boost capacity
TKMS is involved with a number of major naval programmes, including the F125-class frigate. (Photo: TKMS)
TKMS did not mention the MV Werften Wismar shipyard by name but told Shephard the company was considering expansion in Germany.
With sizeable order books, Thyssenkrupp Marine Systems (TKMS) is thought to be exploring a possible acquisition of the insolvent MV Werften’s Wismar shipyard.
A spokesperson for TKMS told Shephard that the company was considering capacity expansions in Germany ‘to be able to handle the production of current orders in the best possible way and, above all, in a timely manner’.
They added that consideration of expansion was ‘still in an idea phase’, adding that ‘the situation is still very general.’
The insolvent MV Werften operated three shipyards in Wismar, Stralsund, and Rostock. According to local media, TMKS is likely interested in purchasing
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
More from Defence Notes
-
![Growing a digital backbone: an essential capability for the multi-domain battlespace]()
Growing a digital backbone: an essential capability for the multi-domain battlespace
Future operational superiority will be defined by the ability to connect systems, data and personnel into a wider network. For armed forces, this creates the need for a digital backbone that integrates and enhances sensors and effectors of all kinds.
-
![Estonia opts for smart, adaptable and cooperative solutions in the face of Russian threat]()
Estonia opts for smart, adaptable and cooperative solutions in the face of Russian threat
Estonian-made equipment is being put through the toughest of evaluations in the hands of Ukrainian soldiers resisting the full-scale Russian invasion which began in 2022. The country has long seen the threat and is continuing to adapt for the future.
-
![Estonia boosting defence industry with lessons from Ukraine, says country’s economic minister]()
Estonia boosting defence industry with lessons from Ukraine, says country’s economic minister
Estonia is looking to boost its local defence industry with directed funding, industry parks, support through international orders for equipment and rapid prototyping.
-
![UK faces cost of balancing defensive capabilities abroad as Iran conflict widens]()
UK faces cost of balancing defensive capabilities abroad as Iran conflict widens
The UK has recently deployed a Type 45 destroyer to Cyprus and has bolstered its presence in the Middle East in recent weeks with supporting air power to protect neighbouring countries’ air defences.
-
![White House calls on Pentagon contractors to “rapidly and aggressively” boost weapon production]()
White House calls on Pentagon contractors to “rapidly and aggressively” boost weapon production
Intended to sustain Operation Epic Fury against Iran, efforts to increase the production of weapons and ammunition could expose long-standing weaknesses in the US defence industrial base.
-
![India’s strategic defence footprint expansion could be accelerated by Iran-Israel conflict]()
India’s strategic defence footprint expansion could be accelerated by Iran-Israel conflict
The latest escalation between Iran and Israel could shape New Delhi’s next-generation shield as India deepens cooperation with Israel on missile defence and drone production.
