BERLIN (Reuters) – Germany’s second-largest defence group Thyssenkrupp Marine Programs (TKMS) desires to play a number one position in consolidating the German and European shipyard trade, its new Chief Govt Officer informed German newspaper Welt am Sonntag.
“If the street to a European big remains to be too tough, a German champion might be shaped first,” Oliver Burkhard was quoted by the newspaper as saying.
Burkhard stated a merger, for instance, might be shaped with smaller German rivals Luerssen and German Naval Yards (GNYK).
The corporate has been build up extra capability because the German authorities’s announcement of a 100 billion euro particular fund for the army after Russia’s invasion of Ukraine, Burkhard added.
“We’re additionally actively searching for new manufacturing websites. There are a variety of potentialities,” he stated, including that the corporate was keen on shopping for components of cruise ship builder MV Werften, which filed for insolvency in January this yr.
(Reporting by Riham Alkousaa; Modifying by Kirsten Donovan)