Search

Alantra advises Navantia on the acquisition of Harland & Wolff’s assets, the shipyard behind the Titanic


SECTORMaritime and Offshore; Aerospace & Defense; Industrials

ServiceM&A

Jan 2025
Buy-side advisory

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