AD Ports Group has announced that its subsidiary SAFEEN Drydocks, part of Noatum Maritime, has acquired 100 per cent ownership of Balenciaga Astilleros Shipyard for a total consideration of €11.2 million ($13.1 million).
The transaction further consolidates AD Ports Group’s operations in Spain and the Mediterranean region and complements its growing operations in the offshore wind sector.
Located in the Basque region, the shipyard, which will be known as Balenciaga Shipyard going forward, brings almost a century of shipbuilding expertise and modern infrastructure, including two drydocks, a 105-metre slipway, and a factory equipped with advanced automation and fabrication technologies spanning 22,385 square metres, complemented by a 3,530 square metre cutting and manufacturing facility.
The shipyard is recognised as a leader in structural prefabrication of large modules for offshore projects, and in the construction of complex vessels. It is one of very few shipyards in Spain specialising in the construction of advanced Service Operation Vessels (SOVs) which serve as floating bases for offshore wind farms, as well as research vessels, offshore support vessels, and specialised tugs.
The acquisition is also expected to bring economic benefits to the region through the creation of more than 50 skilled roles, to support a robust pipeline of specialised vessel projects already in place, in addition to projects through SAFEEN Drydocks and AD Ports Group’s international partners, and to contribute to AD Ports Group’s own fleet requirements.
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Captain Ammar Al Shaiba, CEO – Maritime & Shipping Cluster, AD Ports Group, said: “Balenciaga Shipyard’s expertise in advanced vessel construction, particularly for the offshore wind sector, will enable us to further our ambitions while facilitating knowledge transfer and best practice adoption across SAFEEN Drydocks.
“Integrating one of Spain’s most advanced shipyards into our portfolio strengthens our capabilities to support the global clean energy transition while contributing to the creation of high-value jobs and economic opportunity in key markets.”
For more information:
AD Ports Group – https://www.adportsgroup.com/en
