The German technology group Rheinmetall, which is mainly active in the in the arms sector, has entered into an agreement with the compatriot Lürssen to buy the company of shipbuilding Naval Vessels Lürssen (NVL) which produces military ships and boats for the Coast Guard. Following of the sale, which the parties expect to finalize at the beginning of the Next year, the Lürssen Group will focus on production of mega yachts, an activity in which they are employed about two thousand employees.

The acquisition will represent Rheinmetall's entry in the shipbuilding sector. NVL, which employs about 2,100 people, manages the four shipyards in Peene-Werft, Blohm+Voss, Norderwerft and Neue Jadewerft. In the annual financial year 2024 NVL recorded a turnover of around one billion euros.

Commenting on the sale, Friedrich Lürßen, managing director of the partner of Lürssen Maritime Beteiligungen GmbH & Co, explained that Lürssen, "in the light of the sharpening of the threatening, considers that consolidation within the defense is necessary and logical. This," he specified, "is the only way to quickly secure the defence capability of our country. With the sale of NVL to Rheinmetall, we are laying the foundation for a strong leader in the defence sector with extensive systemic expertise. We are pleased to have found in Rheinmetall is a reliable and solid partner, able to guarantee a future success for NVL and its employees".