Germany's Thyssenkrupp to Acquire Oceana shipyard in Brazil

Germany’s Thyssenkrupp Marine Systems has signed a contract to acquire the Oceana shipyard in Brazil (Itajaí, state of Santa Catarina).

The seller is Aliança S.A., a company owned by CBO Group (Rio de Janeiro, Brazil), an offshore support vessels manufacturer, Thyssenkrupp said in a release on May 20.

The acquisition is being executed through the Brazilian subsidiary, thyssenkrupp Marine Systems do Brasil, and is part of the international strategy of Marine Systems.

Oceana has been chosen as preferred shipyard for the building of four Tamandaré-class frigates for the Brazilian Navy.

The transaction is subject to the approval of the Brazilian antitrust authorities and the official entry into force of the frigate contract – expected for the middle of this year. It was agreed not to disclose the purchase price, the statement read.

Dr. Rolf Wirtz, CEO of thyssenkrupp Marine Systems: "With Oceana, we have an excellent infrastructure for building the most modern frigate of the Brazilian Navy. The shipyard also offers us the prospect of taking on follow-on orders. Not only locally, but also in other countries of South America."

The Oceana shipyard was set up in 2013 for the production of high quality and technology offshore support vessels and is ideal for large-scale projects. Over the next two years, up to 800 local employees are to be recruited for the Tamandaré project alone.