Navantia UK Completes Acquisition of Harland & Wolff

(Image credit: Navantia)
Navantia UK has 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 defense, maritime, and clean energy industrial capabilities.

Under Navantia UK’s management, all four facilities will benefit from extensive expertise in shipbuilding, fabrication, and complex program management, supporting both a highly skilled workforce and a robust supply chain.

The transaction ensures the continuation of the Fleet Solid Support (FSS) program, 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 to significantly develop the yards for the defense, 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 the UK industry. By combining Harland & Wolff’s proud heritage and facilities with Navantia’s global expertise in defense, maritime, and renewable energy, we are creating an exceptional platform for growth.”

The transaction has received all necessary regulatory approvals. All current employees have transferred to Navantia UK, and their existing terms and conditions have been preserved.

The transaction was supported by independent advisers Alantra, Clifford Chance, TLT, and KPMG, among others, who assisted Navantia with commercial negotiations and documentation.

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