Overview
- TKMS confirmed it has submitted a non-binding offer to acquire German Naval Yards Kiel and said discussions remain open-ended with no price disclosed.
- German Naval Yards belongs to France’s CMN Naval and builds frigates, corvettes and seagoing yachts, employing about 400 people in Kiel as of August 2025.
- The two Kiel sites share a lineage from HDW and operate on adjacent facilities, with TKMS focused on submarines and GNYK holding major dock and crane capacities.
- TKMS reported improved FY 2024/25 results, including an €18.2 billion order backlog, €2.2 billion in revenue and €108 million in net profit.
- Hartpunkt first reported the approach, and media coverage indicates other potential interest such as NVL and Inocea, though no rival bids have been confirmed.