https://www.newsweek.com/navantia-acquires-harland-wolff-titanic-shipyard-2003452

Navantia, the Spanish state-owned shipbuilding company, announced an agreement to acquire Harland & Wolff, the British shipbuilder renowned for constructing the Titanic. The deal, expected to finalize in January, aims to secure the future of the historic shipbuilder, which entered administration in September following financial challenges.

Harland & Wolff, with four shipyards across Belfast, Arnish, Methil, and Appledore, faced mounting pressures from rising energy costs, increased wages, and high-interest debt. Navantia has finalized an agreement to acquire Harland & Wolff for a reported 70 million euros although the official financial terms have not been disclosed. This provides a pathway to stabilize operations and safeguard 1,000 jobs.Navantia's British subsidiary will oversee Harland & Wolff's industrial assets, leveraging its capabilities to strengthen its presence in the UK shipbuilding sector. The acquisition aligns with Navantia's broader strategy of international expansion while preserving critical industrial infrastructure in the UK.The transaction remains subject to regulatory approvals and final negotiations, with completion anticipated early next year.