Newscasts - Rheinmetall agrees to buy warship maker NVL in latest expansion push

Havas NV

15/09/2025 12:10

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Source: 'Reuters - Business videos'

Description: Rheinmetall has reached an agreement to acquire ship builder Luerssen Group's military division, NVL, it said late on Sunday (September 14), as the German defense group seeks to expand its European activities. Ciara Lee reports.

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Video Transcript:

Rheinmetall has reached an agreement to acquire shipbuilder Luerssen Group's warship division, NVL. The German defense firm is Europe's largest maker of ammunition and is seeking to expand its European activities. The move comes as a long-awaited consolidation in Germany's naval sector picks up speed. It also highlights Rheinmetall's aim to expand in light of current geopolitical tensions in Europe. The companies agreed not to disclose the purchase price and aimed to complete the transaction early next year, subject to antitrust approval. Analysts at Jefferies said that NVL was generating double-digit margins, suggesting a takeover price of $1.7 billion to $2.35 billion. Rheinmetall makes tanks, grenades, and infantry-fighting vehicles. For decades it has been active in the maritime sector. Like its peers, it's also benefited from higher defense spending as European countries have invested in defense capabilities since Russia's 2022 full-scale invasion of Ukraine. NVL is a privately-owned group with four shipyards in northern Germany and international locations.