Tersan Shipyard announced that it had acquired Havyard Leirvik Shipyard, one of the group companies of EQVA Norway. The acquisition is expected to strengthen Tersan Shipyard’s position both in Northern Europe and in the global shipbuilding industry.
Havyard Leirvik Shipyard, one of Norway’s oldest and most established shipyards, was founded in 1918 and today operates on a total area of 98,000 m2. Located close to Bergen, at the mouth of the Sognefjord, the longest fjord in Norway and Northern Europe, Havyard Leirvik is one of the best-known shipyards in Norway, with a long history of building high-quality vessels and providing ship repair and maintenance services. With the acquisition of Havyard Leirvik Shipyard, Tersan Shipyard aims to strengthen its operations in Europe, increase its production capacity and develop joint working methods with an established shipyard in Europe. The acquisition shall allow the shipyards to combine their expertise, know-how and customer portfolios and offer more attractive services for building a more comprehensive range of high-quality vessels, after-sales services and general ship maintenance activities.
Vice Chairman of the Board of Tersan Shipyard Ahmet T. “We are very excited to announce the acquisition of Havyard Leirvik Shipyard,” said Paksu. “We believe that this investment is an essential step for Tersan Shipyard.
We already collaborate with Havyard Leirvik on project-based examples, but we can potentially create a broader partnership structure with this acquisition. By combining our expertise and resources with those of Havyard Leirvik Shipyard, we are confident that we can achieve our long-term goals and strengthen our position in the global shipbuilding industry. We thank EQVA and Havyard Leirvik for their support in ensuring a smooth transition between the companies.
Tor Leif Mogstad, CEO of Havyard Leirvik: “We look forward to joining Tersan Shipyard. Tersan Shipyard is a well-respected company with a good position in the international shipping and maritime market, and we appreciate its clear objective to use Havyard Leirvik as a stepping stone to further strengthen its position in Northern Europe.”
The acquisition between the two shipyards shall be finalised by the end of the year, subject to procedures and approvals.