US EditionRheinmetall to Acquire German Naval Shipbuilder NVL
- Rheinmetall agreed to acquire Naval Vessels Lürssen , the military division of the German Lürssen Group, aiming to complete the deal in early 2026.
- The acquisition follows rising defense budgets and demand for naval forces amid heightened security concerns, with regulatory approval still pending.
- NVL, a privately owned shipyard group based in northern Germany, runs four shipbuilding facilities and employs approximately 2,100 people. Over its 150-year history, the company has constructed about 1,000 vessels that have been delivered to more than fifty navies and coast guards worldwide.
- Rheinmetall plans to leverage NVL's order book and shipyards to provide integrated naval systems from platforms to missiles and sensors, forming a vital German naval powerhouse.
- This acquisition marks Rheinmetall's strategic expansion into naval shipbuilding, strengthening its position in European defense and contributing to Germany and NATO's naval capabilities.
93 Articles
93 Articles
ANALYSIS - The group has experienced very strong growth, with its turnover rising by 75% between 2021 and 2024. Its share has more than tripled since the beginning of the year.
With the acquisition of the Marine Shipyard from Lürssen, Rheinmetall significantly expands its portfolio. Chief Executive Officer Armin Papperger pursues a clear strategy: The Group is to grow from a national military outfitter to a European armaments company for all domains with global demands.
Rheinmetall Enters Shipbuilding by Consolidating the German Defense Sector
Rheinmetall, a German defense technology company best known for military equipment and as the largest European ammunition manufacturer, has agreed to acquire the naval shipbuilding operations of Lurssen Group. The deal had been rumored in recent weeks and is seen as the first step in the consolidation of the naval shipbuilding sector and German defense industries. Naval Vessels Lurssen (NVL) was separated from the yacht division in 2021 into an …
The Düsseldorf-based armaments company buys the military business of the Bremen-Lürssen Group and thus becomes a full-service provider. Rheinmetall hopes for several advantages as a result.
The armaments company is known for tanks and artillery shells. Now it takes over for a billion-dollar shipyards. This may seem strange at first glance – but head of company Papperger has ambitious plans.
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