Navantia UK has completed the acquisition of Harland & Wolff’s facilities in Belfast, Appledore, Methil and Arnish, together with more than 1,000 jobs across the four sites and strengthening Britain’s defence, maritime and clean energy industrial capabilities.
Under Navantia UK’s management, all four facilities will benefit from extensive expertise in shipbuilding, fabrication and complex programme management, supporting both a highly skilled workforce and robust supply chain, the company said.
Navantia UK plans significant development of the yards for the defence, maritime and green energy sectors.
Ricardo Domínguez, Navantia Chairman, said: “The completion of this acquisition marks a significant milestone for Navantia UK and demonstrates our long-term commitment to UK industry. By combining Harland & Wolff’s proud heritage and facilities with Navantia’s global expertise in defence, maritime and renewable energy, we are creating an exceptional platform for growth.”
Navantia UK acknowledged the UK Government’s support throughout the purchase process, which has helped secure this strategic investment in UK industrial capability.
The transaction has received all necessary regulatory approvals. All current employees have transferred to Navantia UK with their existing terms and conditions preserved.
The deal was supported by independent advisers Alantra, Clifford Chance, TLT and KPMG, among others, who assisted Navantia with commercial negotiations and documentation.
