Madrid / London. Navantia UK, a subsidiary of Navantia S.A., S.M.E., the Spanish state-owned shipbuilding and engineering company on January 27 announced the completion of its acquisition of Harland & Wolff’s facilities in Belfast, Appledore, Methil and Arnish, protecting more than 1,000 jobs across the four sites and strengthening Britain’s defence, maritime and clean energy industrial capabilities. These four facilities are located in Northern Ireland, Devon, Fife and Western Isles respectively.
Under Navantia UK’s management, all four facilities will benefit from extensive expertise in shipbuilding, fabrication and complex programme management, supporting both a highly skilled workforce and robust supply chain.
The transaction ensures the continuation of the Fleet Solid Support (FSS) programme, comprising three ships for the Royal Fleet Auxiliary to support the UK Carrier Strike Group. These vessels will be built at the Belfast and Appledore facilities alongside Navantia’s facilities in Spain. Navantia UK plans significant development of the yards for the defence, maritime and green energy sectors.
Ricardo Domínguez, Chairman of Navantia, said, “The completion of this acquisition marks a significant milestone for Navantia UK and demonstrates our long-term commitment to UK industry. By combining Harland & Wolff’s proud heritage and facilities with Navantia’s global expertise in defence, maritime and renewable energy, we are creating an exceptional platform for growth.”
Navantia Seanergies is Navantia’s renewable energy division, specialising in offshore wind infrastructure.
Navantia UK extended its gratitude to His Majesty’s Government for its support throughout the acquisition process, which helped it secure this strategic investment in UK industrial capability.
The transaction has received all necessary regulatory approvals. All current employees have transferred to Navantia UK with their existing terms and conditions preserved.
The transaction was supported by independent advisers Alantra, Clifford Chance, TLT and KPMG among others, who assisted Navantia with commercial negotiations and documentation.
