Damen Shipyards Group has entered into a share purchase agreement with Daewoo Shipbuilding & Marine Engineering (DSME) for the acquisition of its majority share in Daewoo Mangalia Heavy Industries, in Romania, on the Black Sea coast.
Damen already owns a shipyard in Romania, in Galati on the banks of the River Danube. It is currently the group’s largest shipyard.
The acquisition will provide Damen with capacity to cater for the largest maritime vessels and structures.