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Friday, December 21st, 2012

Privinvest Acquires Another German Shipyard: Lindenau

Having purchased the Nobiskrug shipyard in Rendsburg during 2009 and the subsequent take-over the of the former HDW-Gaarden shipyard in Kiel in 2011 Privinvest Holding SAL and its group and affiliated companies has acquired a third shipyard in Germany the Lindenau shipyard also in Kiel

This means the group now owns and operates an international group of shipyards with more than 2,500 employees and an order book in excess of EUR 2 billion much of it in super yacht construction
Nobiskrug already plays a role in super yacht construction and HDW-Gaarden now named ADM Kiel entered the offshore wind market.
Both shipyards also have military new build works under execution with an order book lasting well into 2016
Privinvest had also investigated the opportunity to acquire the bankrupt Peene Werft, situated in East Germany close to the Polish border, however that was acquired recently by Lurssen.

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