Navantia Completes Acquisition of Four Harland & Wolff Shipyards in the UK

Spanish shipbuilder Navantia Group’s UK subsidiary completed the acquisition of the four shipyards and the offshore operations of the UK’s financially troubled Harland & Wolff Group. It was a strategic deal supported by the UK government and ensured the project to build three support ships for the Royal Fleet Auxiliary.

The UK government of Prime Minister Keir Starmer was heavily involved reporting it worked closely with Navantia UK and agreed on an amendment to the existing Fleet Solid Ship Program contract on commercial terms, which made the minimum changes necessary to ensure Navantia could still deliver on the contract and build all three navy ships. The support for the sal…