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TKMS mulls bid for insolvent German shipyard to boost capacity

23rd March 2022 - 16:00 GMT | by Harry Lye in London

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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

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