MB92 Buys Out Lürssen Maritime Beteiligungen Share of La Ciotat: The parent company of Lürssen Yachts, Lürssen Maritime Beteiligungen GmbH & Co. has sold its majority share of the Blohm + Voss French La Ciotat shipyard to Marina Barcelona 92. By the end of September, the shipyard will carry the name MB92 La Ciotat.
The acquisition give MP92 exclusive operational rights for the large dry dock on the site that measures 200 meters by 60 meters that attracts owners of megayachts exceeding 80 meters. The structure can accommodate up to four vessels at a time. MB92 also gains control over eight buildings where 45 subcontractors can provide services.
Blohm + Voss signed an agreement in June 2016 with SEMIDEP, which managers La Ciotat, to operate the dry dock. Lürssen subsequently acquired Blohm + Voss and had intended to use the site for commercial, naval ship and yacht refit and repair. At the same time, Lürssen informed SEMIDEP that it was speaking with Barcelona-based MB92 about collaborating. The collaboration turned formal in February 2017 when Lürssen and MB92 greed to jointly operate the dry dock.
The buyout does not negate the partnership, however, as MB92 has indicated it remains committed to working with Lürssen in La Ciotat and in Barcelona. MB92 also owns Compositeworks, with facilities in La Ciott and La Rochelle. Once the deal closes, all employees and activities will merge with Compositeworks, under the parent company umbrella.
MB92 has indicated it would like SEMIDEP to award it majority use of a 4,000-ton platform set for installation in La Ciotat, although completion of the platform isn’t expected until 2021.
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