Market
Primary Focus of Harland and Wolff's Operations Post-Navantia Acquisition by End of 2025?
2
Resolution / Starting Odds
Commercial Shipbuilding • 25%
Military Shipbuilding • 25%
Renewable Energy Projects • 25%
Other • 25%
Official announcements from Harland and Wolff or Navantia, or industry reports
Story
Navantia to Acquire Titanic Shipbuilder Harland and Wolff for £70 Million, Securing 1,000 Jobs, Supported by UK Government
Dec 19, 2024, 10:20 AM
Spain's state-owned shipbuilder Navantia is set to acquire Harland and Wolff, the renowned Belfast shipyard known for constructing the Titanic, in a deal valued at approximately £70 million. The acquisition, confirmed by multiple sources, is expected to safeguard over 1,000 jobs across Harland and Wolff's four UK facilities. The UK government has expressed support for the transaction, which is viewed as a vote of confidence in the UK shipbuilding industry. The deal comes at a crucial time for Harland and Wolff, which has faced financial difficulties. Officials have indicated that this move will enhance national security and provide job security for the workforce during the holiday season.
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Other strategic focus • 25%
Diversification into renewable energy • 25%
Expansion of shipbuilding capabilities • 25%
Focus on defense sector • 25%
Defense contracts • 25%
Other • 25%
Renewable energy • 25%
Commercial shipping • 25%
Yes • 50%
No • 50%
800 or fewer employees • 25%
More than 1,000 employees • 25%
Exactly 1,000 employees • 25%
Less than 1,000 but more than 800 employees • 25%
Infrastructure development • 25%
Renewable energy projects • 25%
Gas production • 25%
Oil production • 25%
Other military support • 25%
Mine clearance operations • 25%
Maritime training • 25%
Infrastructure development • 25%
Electric Vehicles • 25%
Hybrid Powertrains • 25%
Hydrogen Fuel Cells • 25%
Synthetic Fuels • 25%
No acquisitions • 25%
Acquisition of small assets • 25%
Acquisition of medium assets • 25%
Acquisition of large assets • 25%
Political Lobbying • 25%
No Reported Activities • 25%
Business Investments • 25%
Cultural Exchange • 25%
Balanced Approach • 25%
No Significant Change • 25%
Increased Shipbuilding • 25%
Reduced Climate Initiatives • 25%