Lürssen to take over insolvent Nobiskrug

The future of the insolvent German shipyards, FSG and Nobiskrug, is getting clearer
February 4 2025 2 minutes to read
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One of the world's most famous yachts, the 142-metre sailing A superyacht, was built by Nobiskrug in 2017

German Flensburger Schiffbau-Gesellschaft (FSG) shipyard, of which Nobiskrug has been part of since 2021, has been sold to Heinrich Rönner Group

Heinrich Rönner Group is set to continue operation at FSG facility in Flensburg with its current workforce. Lürssen Group is acquiring the FSG shipyard in Rendsburg and will take over Nobiskrug facilities, which will be integrated into the neighbouring Lürssen-Kröger shipyard. 

One of the world's most famous yachts, the 142-metre sailing A superyacht, was built by Nobiskrug in 2017
One of the world's most famous yachts, the 142-metre sailing A superyacht, was built by Nobiskrug in 2017

“We have managed to find two renowned strategic investors for FSG and Nobiskrug within the extremely tight time frame of just seven weeks,” said Dr Christoph Morgen, one of the provisional FSG insolvency administrators. “Following the opening of the insolvency proceedings, technical preparations will begin at the Flensburg shipyard for the Rönner Group to resume operations”.

Another unusual and widely known Nobiskrug yacht is the 80-meter Artefact launched in 2020
Another unusual and widely known Nobiskrug yacht is the 80-meter Artefact launched in 2020

The second administrator, Hendrik Gittermann, added: “We are pleased that Lürssen’s takeover has created a long-term perspective for Rendsburg. Nobiskrug is an excellent fit for the company, and the capacities and locations of both shipyards complement each other almost perfectly.”

Nobiskrug facility in Rendsburg
Nobiskrug facility in Rendsburg

Nevertheless, both facilities require considerable investments before they resume operations. Technical preparations will start in the nearest month, including obtaining necessary authorisations and certifications, renovating buildings, setting up facilities and procuring materials. They will also establish a transfer company to support and provide training opportunities for the employees during the transition.

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