Tag #Lürssen

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dw.com

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Sep 16, 16:20

Rheinmetall Acquires Lürssen's Naval Vessels Business

Germany's largest arms manufacturer, Rheinmetall, is acquiring Lürssen's Naval Vessels (NVL) division, including shipyards in Germany and other countries, significantly altering the shipbuilding landscape in Northern Germany.

Rheinmetall Acquires Lürssen's Naval Vessels Business

Germany's largest arms manufacturer, Rheinmetall, is acquiring Lürssen's Naval Vessels (NVL) division, including shipyards in Germany and other countries, significantly altering the shipbuilding landscape in Northern Germany.

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What is the immediate impact of Rheinmetall's acquisition of Lürssen's naval division?

Rheinmetall gains control of Lürssen's shipbuilding assets, including shipyards in Germany, Egypt, Brunei, Bulgaria, and Croatia, and approximately 2,100 employees. This expands Rheinmetall's business into the naval sector and grants access to NVL's €7 billion order backlog.

welt.de

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Sep 15, 07:18

Rheinmetall Acquires Lürssen's Naval Vessels Division

Germany's largest arms manufacturer, Rheinmetall, has agreed to purchase the naval shipbuilding division (NVL) of the Lürssen Group, expanding its marine business and aiming for completion in early 2026, pending regulatory approval.

Rheinmetall Acquires Lürssen's Naval Vessels Division

Germany's largest arms manufacturer, Rheinmetall, has agreed to purchase the naval shipbuilding division (NVL) of the Lürssen Group, expanding its marine business and aiming for completion in early 2026, pending regulatory approval.

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What is the significance of Rheinmetall's acquisition of NVL for the German defense industry and beyond?

This acquisition significantly strengthens Rheinmetall's position in the naval sector, allowing them to produce complete naval vessels rather than just components. It also enhances Germany's domestic defense capabilities and potentially impacts global naval arms markets.

welt.de

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Sep 13, 10:16

German Union Demands Tariff Protection Amid Potential Lürssen Shipyard Takeover

Amid potential takeover talks of Lürssen's naval shipbuilding subsidiary (NVL) by Rheinmetall, the IG Metall union is demanding the preservation of existing collective bargaining agreements, citing concerns about job security and fair wages across NVL's diverse locations and tariff models.

German Union Demands Tariff Protection Amid Potential Lürssen Shipyard Takeover

Amid potential takeover talks of Lürssen's naval shipbuilding subsidiary (NVL) by Rheinmetall, the IG Metall union is demanding the preservation of existing collective bargaining agreements, citing concerns about job security and fair wages across NVL's diverse locations and tariff models.

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How do differing tariff models within Lürssen NVL complicate the situation?

NVL's varied tariff structures—some sites operate under the industry-wide metalworkers' agreement, while others, like Wolgast, are under less favorable individual contracts—create uneven compensation and benefits across its workforce. The union seeks to standardize all sites under the better industry-wide agreement to ensure consistent worker protection and compensation in the event of a takeover.

zeit.de

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Sep 15, 04:15

Rheinmetall Acquires Lürssen's Naval Vessels Division

Germany's largest arms manufacturer, Rheinmetall, has agreed to purchase the naval shipbuilding division (NVL) of the Lürssen Group, expanding its marine capabilities and marking a significant development in the German defense industry.

Rheinmetall Acquires Lürssen's Naval Vessels Division

Germany's largest arms manufacturer, Rheinmetall, has agreed to purchase the naval shipbuilding division (NVL) of the Lürssen Group, expanding its marine capabilities and marking a significant development in the German defense industry.

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How will this acquisition impact Rheinmetall's business operations and financial performance?

Rheinmetall, already a major arms supplier to Ukraine and with €9.8 billion in 2024 revenue, will integrate NVL's €1 billion revenue and 2,100 employees, substantially increasing its size and diversifying its product portfolio into naval shipbuilding. This will likely lead to increased revenue and market share in the marine defense sector.

zeit.de

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Sep 15, 22:18

Rheinmetall to Acquire Naval Vessel Lürssen, Creating German Naval Powerhouse

Rheinmetall, Germany's largest arms manufacturer, is set to acquire Naval Vessel Lürssen (NVL), a leading naval shipbuilding company, creating a powerful German naval force and potentially reshaping European naval dynamics.

Rheinmetall to Acquire Naval Vessel Lürssen, Creating German Naval Powerhouse

Rheinmetall, Germany's largest arms manufacturer, is set to acquire Naval Vessel Lürssen (NVL), a leading naval shipbuilding company, creating a powerful German naval force and potentially reshaping European naval dynamics.

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What is the significance of Rheinmetall's acquisition of Naval Vessel Lürssen for Germany's defense capabilities?

The acquisition significantly boosts Germany's naval capabilities, enabling the construction of complete naval systems, from warships and boats to weapons systems and sensors, within Germany. This move reduces reliance on foreign contractors and strengthens domestic defense production.

zeit.de

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Sep 13, 10:16

German Metalworkers' Union Demands Tariff Protection Amidst Potential Lürssen Shipyard Takeover

Amidst potential takeover talks of Lürssen's naval shipbuilding division (NVL) by Rheinmetall, the IG Metall union demands the preservation of existing collective bargaining agreements, citing concerns over job security and varying tariff models across NVL's sites.

German Metalworkers' Union Demands Tariff Protection Amidst Potential Lürssen Shipyard Takeover

Amidst potential takeover talks of Lürssen's naval shipbuilding division (NVL) by Rheinmetall, the IG Metall union demands the preservation of existing collective bargaining agreements, citing concerns over job security and varying tariff models across NVL's sites.

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What are the broader implications of this situation, and what role should the German government play?

The situation highlights the potential challenges of consolidating Germany's naval shipbuilding industry. The union's call for government involvement reflects concerns about maintaining national industrial capacity and worker rights within the defense sector. The lack of union inclusion in current talks raises further concerns about the process.

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