Germany’s Flensburger Schiffbau-Gesellschaft (FSG) is to acquire the business operations of the superyacht shipyard Nobiskrug, including the shipbuilding facilities, trademark rights and the company’s intellectual property. As part of a transferring reorganization, 280 employees will be taken over.
The move marks quite a turnaround in fortunes for FSG, which itself only emerged from restructuring in September 2020. Today it is part of the Tennor Group.
“This takeover is an important strategic step for us,” said Tennor Group founder Lars Windhorst. “Nobiskrug opens up access to the attractive growth market of superyacht construction. The renowned shipyard stands for innovative and ecologically demanding individual shipbuilding like few others. FSG remains the core of our maritime investment with the construction of merchant and naval vessels, which we are now expanding to include the construction of superyachts.”
Following closing of the acquisition, Philipp Maracke, CEO of Flensburger Schiffbau-Gesellschaft, will manage both shipyards and management will be “significantly streamlined.”
Flensburger Schiffbau-Gesellschaft and Nobiskrug will establish an operational cooperation: forces will be combined in construction, purchasing, assembly, finance and accounting, human resources and IT, and competitive structures for all shipbuilding projects and markets established. Together, the two companies will employ 645 employees.