Independent journal on economy and transport policy
11:57 GMT+1
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Siem Industries buys the German ship yard Flensburger Schiffbau-Gesellschaft
the transaction will be concluded within the October end
September 26, 2014
The German ship yard Flensburger Schiffbau-Gesellschaft (FSG) of Flensburg has been acquired from the industrial group Siem Industries, with center in the Islands Cayman, than work also in the offshore field through the branches 7 Subesa and Offshore Siem and in the field of the marine transport of cargos cooled through the Reefers Star and of automobiles through the Siem Car Carriers.
According to the forecasts, the transaction will be concluded within the end of the next month.
The ship yard of Flensburg is founded in 1872 and at the end of 2008, within a management operation Buy-out, it is yielded by the German group Oldendorff the managing director of FSG, Peter Sierk, and to investor of Orlando Management di Monaco of Bavaria.
"Siem Industries - Peter Sierk and the delegated Co-administrator of FSG, Frank Bywater have declared - is a succeeded increasing family business on a global scale and financially solid. It will allow with the Flensburger yard to continue in its positive development in the total offshore market".
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The German ship yard Flensburger Schiffbau-Gesellschaft (FSG) of Flensburg has been acquired from the industrial group Siem Industries, with center in the Islands Cayman, than work also in the offshore field through the branches 7 Subesa and Offshore Siem and in the field of the marine transport of cargos cooled through the Reefers Star and of automobiles through the Siem Car Carriers.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
