Alantra advises Navantia on the acquisition of Harland & Wolff’s assets, the shipyard behind the Titanic
SECTORMaritime and Offshore; Aerospace & Defense; Industrials
ServiceM&A
Madrid – Alantra has acted as the exclusive M&A advisor to Navantia, a Spanish state-owned company and part of the SEPI Group, specializing in civil and military shipbuilding, on its acquisition of Harland & Wolff’s assets, including the historic shipyard famous for building the Titanic.
Under the terms of the acquisition, Navantia’s British subsidiary, Navantia UK, will oversee operations across Harland & Wolff’s shipyards. The agreement protects approximately 1,000 jobs previously at risk and ensures the continued construction of three logistics ships commissioned by the UK Government – a public contract previously awarded to Navantia UK.
Harland & Wolff is a multisite fabrication company serving the maritime and offshore industries with facilities at four locations: Belfast, Arnish, Methil, and Appledore.
Navantia focuses on designing and building technologically advanced ships for the Spanish Navy and other navies worldwide. Its business spans several core areas: Shipbuilding, Ship Repairs and Services, Defence Systems, and Green Energies.
Carlos Rodríguez-Viña, Managing Partner at Alantra, commented: “It was a pleasure to advise Navantia on this transaction, which is not only strategic for the company’s plans in the UK but also critical for safeguarding over 1,000 jobs and ensuring the future of the UK Government contract. This deal underscores our team’s expertise in managing complex transactions involving multiple public and private stakeholders.”
Related Transactions
-
Oct 2024Sell-side M&A and Acquisition financing advisoryOct 2024SECTOR Maritime and OffshoreService Debt Advisory; M&A
-
Oct 2024Corporate BrokerOct 2024SECTOR Maritime and OffshoreService Corporate Broker
-
Oct 2024Corporate BrokerOct 2024SECTOR Maritime and OffshoreService Corporate Broker
-
Jun 2024Newbuild financingValue $45.0 millionJun 2024SECTOR Maritime and OffshoreService Debt AdvisoryValue $45.0 million