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Unique Cruise Solutions The news you need to know |
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Cruise News for the Corporate Travel Professional |
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Star Capital Partners is the New Owner of the Civilian Blohm + Voss Companies |
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With the deal officially closed on January 31, 2012, the sale of
the civilian Blohm + Voss companies – Blohm + Voss Industries, Blohm + Voss
Repair and Blohm + Voss Shipyards (plus their subsidiaries) – to the UK
investment company Star
Capital Partners (SCP) is now complete. The purchase agreement between ThyssenKrupp Marine Systems AG and SCP for the acquisition of these companies was finalized on December 11, 2011. The new owners will continue to manage and develop the Blohm + Voss civilian business units. The three companies, Blohm + Voss Industries, Blohm + Voss Repair and Blohm + Voss Shipyards, will continue to operate as independent companies under the umbrella of a controlling company. Top management at the companies will remain largely unchanged and will continue to be responsible for operative business. As the new owners, SCP's primary role will be to supply capital for the civilian Blohm + Voss companies in order to drive growth within existing business activities. In this way, SCP will secure the foundation for ensuring both job retention and new job creation.  "Blohm
+ Voss is a strong brand and the new ownership structure creates both
transparency and security for customers and employees alike," emphasizes Dr.
Herbert Aly, (image left) CEO of the
three civilian companies. Star Capital Partners CEO Tony Mallin has set 
some ambitious goals with this acquisition: "Our commitment to Blohm + Voss is
an investment in one of the world's leading shipbuilding and engineering brands.
We will continue to develop the Blohm + Voss brand, generate growth and create
new employment opportunities." |
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Worldwide Travel & Cruise Assoc., Inc. 150 S. University Dr. Ste E, Plantation, FL 33324 - USA Tel: +1 954 452 8800 Fax: +1 954 252 3945 EMail: sales@cruiseco.com |
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