German shipbuilder MV Werften has expanded its design capabilities with the acquisition of the Rostock-based Neptun Ship Design.
Neptun Ship Design will be an independent subsidiary of MV Werften to provide future design services for the shipyard group.
In addition to the group’s own designers at its yards in Wismar, Rostock and Stralsund, as well as a designer network throughout Europe, further significant engineering capacities are thus being brought together under one roof.
This acquisition will increase the yard’s workforce by 120.
The new engineers and designers will be mainly working on new ship projects basic design. Highly complex vessels will now be developed and designed together in an expanded team.
The purchase agreement was signed by both companies in Wismar on 16th January and will become effective after approval has been given by the cartel authorities.