Damen Acquires French Ship Repair Yard

Press Release
Wednesday, December 19, 2012

As of this week, Damen Shipyards Group is the new owner of French shiprepair yard Arno Dunkerque, the only operator for ship repair and conversion in the 3rd largest French port, Dunkirk.

The yard will continue its ship repair and conversion services. Furthermore, its personnel and management will remain in place, guaranteeing a seamless transition of the yard into the Damen Shipyards Group, which currently consists of more than 45 shipyards, repair & conversion yards and related companies.
Christine Cabau Woehrel, CEO of Dunkirk Port Authority: “We are extremely happy that a deal was achieved with Damen Shipyards Group, a company providing a worldwide network and a strong expertise in this industry, which will reinforce the position of ship repair activities in the Port of Dunkirk and will give it international coverage.  A comprehensive and continuous dialogue between the different parties involved all along the process of the takeover has led to a very positive issue ensuring employment guarantee, together with strong prospects for a growing economic activity in the Dunkirk port area and the Nord Pas de Calais Region. We are all very satisfied of this positive outcome.”


René Berkvens, CEO Damen Shipyards, says: “Arno brings added value to Damen as it is a modern shipyard with about 160 highly skilled workers. The presence of a significant industrial environment, consisting of nearby specialist subcontractors, is another reason. I would like to thank the port authorities and other stakeholders for their cooperative approach. The process leading up to today’s official signing ceremony was one in which the relevant parties showed mutual understanding of each other’s interests.”
According to Damen Shipyards, this acquisition fits perfectly in its long-term strategy of expanding its repair and conversion services. It is similar to the acquisition of Damen Shiprepair Brest (formerly Sobrena), which equally fitted in this strategy and, like Arno, not only included the yard, but also the entire staff. Arno Dunkerque is a long-term investment, integrally tied-in with Damen’s other repair activities.
www.damen.com
www.arno-dk.com


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