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Announced

Completed

Davie Shipbuilding completed the acquisition of Helsinki Shipyard from Algador Holdings.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Finland

ship maker

shipyard

shipbuilder

Marine Transportation

Acquisition

Majority

Cross Border

Completed

Friendly

Single Bidder

Private

Synopsis

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Davie Shipbuilding, a shipbuilding company, completed the acquisition of Helsinki Shipyard, a maker of Arctic icebreaking vessels, from Algador Holdings, a holding company. Financial terms were not disclosed. “We are delighted to bring two historic and highly complementary businesses together. It would not have been possible without the support of Québec, the City of Helsinki, Finland and Canada. We are confident our talented people and world-class supply chain will quickly form the preeminent global centre of excellence for green Arctic shipbuilding, and other specialized products. Empowered by Helsinki shipyard’s unique know-how, Québec can also more efficiently deliver Canada’s polar icebreaker order book, which is the western world’s largest," James Davies, Davie President and CEO.

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