German industrial conglomerate ThyssenKrupp on January 31 officially closed a deal to complete the sale of the civilian Blohm + Voss companies to the UK investment company Star Capital Partners (SCP).
A purchase agreement was finalised on December 11 between ThyssenKrupp and SCP for the acquisition of the three companies: Blohm + Voss Industries, Blohm + Voss Repair and Blohm + Voss Shipyards. The new owners will continue to manage and develop the Blohm + Voss civilian business units. The companies will continue to operate as independent companies under the umbrella of a controlling company.
Top management at the companies will remain largely unchanged and will continue to be responsible for operative business. As the new owners, SCP's primary role will be to supply capital to drive growth within existing business activities.
