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.