MB92 strengthen their position in La Ciotat
- MB92 acquire Blohm+Voss La Ciotat
- Blohm+Voss La Ciotat to be merged with Compositeworks
MB92 have announced that following approval from La Ciotat Shipyards (SEMIDEP), they have signed an agreement with Blohm+Voss, part of the Lürssen Group, to acquire their remaining 51% stake in Blohm+Voss La Ciotat, the exclusive operator of the Dry Dock in La Ciotat Shipyard facilities.
Alongside the purchase, MB92 reaffirm their commitment to their long-standing working relationship with the Lürssen Group, with agreements extending to all facilities within the MB92 Group. The two organizations will continue supporting each other and passing on all added value to their clients.
The acquisition of Blohm+Voss La Ciotat allows MB92 to merge all their activities in La Ciotat with Compositeworks SAS, with all employees being integrated into the new structure. As part of the agreement, the existing offices and facilities on site, including the 200m dry dock, will remain in full operation under the management of the newly formed organization. MB92, with headquarters in Barcelona, will oversee the merging and rebranding process, involving the phasing out of the Blohm+Voss La Ciotat brand, to be completed by the end of September 2018.
In completing this corporate deal, MB92 are further demonstrating their commitment to the area of La Ciotat as a key hub in the Mediterranean for future development. Moreover, they hope to be selected in the near future by La Ciotat Shipyards to be the major user of the upcoming 4000t platform which should be delivered by 2021. This is all in line with their strategy to grow, improve and provide the best superyacht refit and repair service, with clients benefiting from the combined resources, expertise and experience that this, and future accords, will provide.