Turkey’s Tersan Shipyard has acquired Havyard Leirvik Shipyard, part of the EQVA Norway group of companies, with the deal expected to strengthen Tersan’s position in Northern Europe.
Established in 1918 and located close to Bergen, the Havyard Leirvik is a well-known shipbuilding company with a history of producing high-quality vessels and providing repair and maintenance services for the existing ships.
With the acquisition of Havyard Leirvik, Tersan will strengthen its operations in Europe, increase its production capacity and give it the chance to develop collaborative working methods. The deal will enable both yards to combine their expertise, know-how, customer portfolio and provide more attractive services for the building of wider range of vessels, after-sales services and for general ship maintenance activities.
“We are very excited to announce the acquisition of Havyard Leirvik Shipyard,” said Ahmet T Paksu, Vice Chairman of Tersan. “We believe that the acquisition of Havyard Leirvik Shipyard is a significant step forward for Tersan Shipyard. We have already been collaborating with Havyard Leirvik on project-based cases… By combining our expertise and resources with those of Havyard Leirvik Shipyard, we are confident that we will be able to achieve our long-term goals and strengthen our position in the global shipbuilding industry.”
Havyard Leirvik CEO Tor Leif Mogstad said the Norwegian shipyard is looking forward to becoming part of Tersan.
It is a highly reputable company with a good standing in international shipping and maritime circles, and with a clear ambition to further strengthen its position in Northern Europe with Havyard Leirvik as stepping stone,” he said.
It’s expected the acquisition will be completed by the end of this year, subject to regulatory procedures and approvals.
