In a move to consolidate its position on the market both in northern Europe and on a global basis, the Tersan Shipyard in Turkey has acquired Norwegian shipbuilder Havyard Leirvik Shipyard.
‘We are very excited to announce the acquisition of Havyard Leirvik Shipyard. We believe that the acquisition of Havyard Leirvik Shipyard is a significant step forward for Tersan Shipyard. We have already been collaborating with Havyard Leirvik on project base cases, although such collaboration had been only to some extent it has always worked well and showed promising signs for a potential more expanded partnership,’ said Ahmet T. Paksu, vice chairman of the board of Tersan Shipyard.
‘By combining our expertise and resources with those of Havyard Leirvik Shipyard, we are confident that we will be able to achieve our long-term goals and strengthen our position in the global shipbuilding industry. Thanks to EQVA and Havyard Leirvik for their support to provide a smooth transition between the companies.’
Havyard Leirvik Shipyard goes back more than a century and is located close to Bergen. The yard is a well-known shipbuilder in Norway, with a long track record of producing high-quality vessels and providing repair and maintenance services.
The acquisition is expected to strengthen Tersan Shipyard’s operations in Europe, increase its production capacity and provide opportunities to develop collaborative working methods. According to Tersan, this acquisition will enable both yards to combine their expertise, customer portfolio, while offering more attractive services for the building of a wider range of high-quality vessels, and providing a broad scope of after-sales and general ship maintenance services.
‘We are looking forward to becoming part of Tersan Shipyard. It is a highly reputable company with a good standing in international shipping and maritime circles, and with a clear ambition to further strengthen its position in Northern Europe with Havyard Leirvik as stepping stone,’ said Tor Leif Mogstad, CEO of Havyard Leirvik.
The acquisition is expected to be completed by the end of the year, subject to regulatory procedures and approvals.
