Nobiskrug gets new owner

As part of its active portfolio management activities, ThyssenKrupp Technologies is selling the Rendsburg/ Germany-based shipyard Nobiskrug GmbH. Nobiskrug, a subsidiary of ThyssenKrupp Marine Systems, has 400 employees and generated sales of 81 million Euros in fiscal 2006/2007. The buyer, Guernsey based Eagle River Capital Ltd., is part of a group of companies focused on the produc¬tion and sale of ship components, providing also engineering services and commercial facility management.

With Nobiskrug, Eagle River Capital Ltd. acquires a long-standing inland shipyard, established in 1905, which is focused on the construction of mid-sized mega yachts and provides refitting and repair services.

The acquisition takes effects retroactively as of 1 October, 2007 and is subject to the approval of the supervisory bodies.