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)
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
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 1 free story per week
- Personalised news alerts
- Daily and weekly newsletters
- Free magazine subscription to all our titles
- Downloadable equipment data handbooks
- Distribution rights (Corporate only)
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
- 10-year news archive access
- Downloadable equipment data handbooks
- Distribution rights (Corporate only)
More from Defence Notes
-
How the Chinese balloon incident will impact future US air threat detection
Although the Pentagon claims that current systems can detect this type of threat, it has confirmed that measures will be taken in order to maintain the US's edge over its adversaries.
-
UK and France target 2030 for future cruise missile, seek commonality on future fighter weapons
The UK and France aim to deliver a new cruise missile in 2030 as part of the MBDA-led Future Cruise/Anti-Ship Weapon (FC/ASW) project.
-
China's multi-domain warfare concept could outpace US JADC2, warns ex-general
China's Multi-Domain Precision Warfare project is aiming to disrupt US networks, and could outpace the Joint All-Domain Command and Control initiative. A retired US Army general explains what the Pentagon is doing about it.
-
How artificial intelligence can threaten military readiness
Although AI provides several operational benefits in the defence arena, it can also put armed forces in risky situations.