Navantia to acquire shipyards across four sites from Harland & Wolff.

Navantia, a Spanish state-owned shipbuilding company, agreed to acquire shipyards across four sites from Harland & Wolff, a British shipbuilding and fabrication company. Financial terms were not disclosed. The deal will enhance UK shipbuilding, defence and offshore wind industry capabilities, developing both a highly skilled workforce and a robust British supply chain. This will strengthen the country’s sovereign industrial capacity.