Mega Yachts and Warships

Lürssen Buys Historic Shipyard Blohm + Voss

Blohm + Voss source Daniel Bockwoldt dpa
Blohm + Voss loom large in the international shipyard business.
  • Why it matters

    Why it matters

    The takeover would give ship builders Lürssen a boost, propelling them to a global role in naval vessels to match their leading role in the exclusive yacht business.

  • Facts

    Facts

    • German family-owned luxury yacht builder Lürssen said on Wednesday it was buying rival Blohm + Voss from British private equity firm Star Capital Partners.
    • Blohm + Voss was founded in 1877 and its shipyard is in the heart of port city Hamburg.
    • Star Capital originally demanded around €60 million, sources say. After tough negotiations, the purchase price is said to be in the mid double-digit millions.
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    Audio

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The Bremen entrepreneurs Peter and Friedrich Lürssen have long kept quiet about their business of selling luxury mega-yachts to the world’s super rich.

With their most recent deal, however, the two cousins who head the Lürssen shipyard will no longer be able to avoid the limelight. The family company is taking over the Blohm + Voss shipyard, whose floating dock on the Elbe River is one of Hamburg’s landmarks.

British private equity firm Star Capital Partners originally demanded around €60 million, sources say. After tough negotiations, the purchase price is said to be in the mid double-digit millions.

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