Navantia completes Harland & Wolff buy-out

Spain’s Navantia has completed its buy-out of the UK’s Harland & Wolff, securing jobs at four yards in Northern Ireland, England and Scotland.

“By combining Harland & Wolff’s proud heritage and facilities with Navantia’s global expertise in defence, maritime and renewable energy, we are creating an exceptional platform for growth,” said Ricardo Dominguez, chairman of Navantia.

Harland & Wolff entered administration in September last year after a request for a £200m ($261m) facility from the UK government’s export credit agency fell through, the second time in just five years when it has entered administration. 

The shipbuilder is most famous for building the Titanic more than a century ago.