Turkish shipbuilding company Tersan Shipyard, part of Tersan Group, has completed the acquisition of Havyard Leirvik Shipyard, one of the group companies of Eqva ASA in Norway.
The acquisition, completed on November 20, is expected to strengthen Tersan Shipyard’s position both in Northern Europe and in the global shipbuilding industry.
Under the share sale deal worth NOK 30 million ($2.8 million), Eqva is selling its shares (100%) in Havyard Leirvik Holding AS, where the subsidiaries Havyard Leirvik and Havyard Leirvik Eiendom are included.
As explained, the strategic move will enable both yards to combine their expertise, know-how, customer portfolio and provide more attractive services for the building of a wider range of high-quality vessels, after-sales services, and general ship maintenance activities.
The acquisition, separately announced by Eqva on November 13, will enable the Norwegian company to free up resources necessary for investments in industrial service companies that contribute to the green transition in maritime, power intensive and renewable industries.