Rheinmetall to Take over the Mangalia Shipyard in Romania
The partners plan to use the yard for civil and military shipbuilding and to build four naval vessels for the Romanian government.
- On Monday, German defence group Rheinmetall and Swiss-based shipping company MSC acquired Romania's Mangalia shipyard for €138M on the Black Sea coast.
- The takeover creates a scalable foundation for regional projects in South-Eastern Europe and strengthens Rheinmetall's industrial presence as a dual-use civil and military shipbuilding hub.
- For Rheinmetall Naval Systems, the facility will build four naval vessels commissioned by the Romanian government: two 96-metre offshore patrol vessels and two 43-metre diver support vessels.
- Tim Wagner, CEO of the Naval Systems division, said the expansion will "implement strategic activities" and strengthen Rheinmetall's position in a strategically important market.
- This project builds on Rheinmetall's established presence through Rheinmetall Automecanica, expanding the company's footprint in the region as finalization approaches in coming weeks.
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15 Articles
The objective of taking over the Mangalia Shipyard represents its development for both civil and military shipbuilding, the German giant in the defense industry announced on Monday...
The German Rheinmetall Group officially announced, on Monday, that it will take over the Mangalia Naval Shipyard together with the Swiss shipping company MSC, after the offer of the two companies was declared successful at the auction. The transaction has a value of approximately 138 million euros and will be completed in the following weeks, according to Rheinmetall. Rheinmetall says, ...
Mangalia is one of the largest shipyards in Europe and the only one in Romania with exit to the Black Sea. Rheinmetall wants to make here a production unit with dual use. Rheinmetall, the first announcements after the scandal of taking over Mangalia. The German giant wants to build civil and military ships in parallel / Romarm wants to become industrial holding company appears first in Romania TV.
Rheinmetall and MSC will acquire the Mangalia Shipyard south of Constanta, Romania, for approximately €138 million. The shipyard will be transformed into a dual-use center where civilian and military production will be carried out together; it will be the main center for the construction of 4 military vessels for Romania.
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