MV Werften to acquire local ship designer

MV Werften's main manufacturing hub in Wismar MV Werften's main manufacturing hub in Wismar

MV Werften announced plans to acquire Neptun Ship Design, Germany’s largest ship design practice, on 16 January 2019. The practice is to operate as an independent subsidiary providing design services for the group, focusing on the basic design of new ship projects.

“We welcome the acquisition and the new, experienced colleagues in our team. We are very familiar with their expertise from our intensive cooperation in the past. We appreciate one another, we need this potential and we are thus all the more pleased about the new member of our family”, stated Peter Fetten, CEO of MV WERFTEN. The acquisition remains subject to approval from cartel authorities.

The acquisition will also permit MV Werften to extend its special vessel design capabilities. In November 2018, ABS granted Approval in Principal (AIP) to Neptun Ship Design for its energy efficient Wind Turbine Transport Vessel design.

The design was the first to support transporting parts for turbines greater than 9 MW. The 178m long design allows wind turbine manufacturers to produce full length welded towers ready for installation.

Windpower analysts such as Bloomberg New Energy Finance and market participants, such as Orsted, agree that the market for offshore wind will increase rapidly between 2019 and 2030. Technological advances in blade design and hub heights is set to drive demand for larger offshore wind turbines in the near term.

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