Meyer Werft joins forces with STX Finland

With its 70% stake Meyer Werft takes the industrial leadership of the new company.
Commenting on the agreement, Dr Jan Meyer, managing partner of Meyer Werft, said: "This acquisition will strengthen the yards in Papenburg, Turku and Rostock: With joining forces with Turku we can offer more flexibility to our customers. In addition, both shipyards respect each other for their high level of professionalism and thus can learn a lot from each other in order to improve their working processes or to join forces on research and development. The acquisition is still subject to clearance by the antitrust authorities and banks. The plan is to rename the company STX Finland Oy to Meyer Turku Shipyard Oy.
At present some 1,300 employees and a specialised supplier network are involved in the construction of the cruise ship Mein Schiff 4 for the German cruise operator TUI Cruises from Hamburg. TUI Cruises just announced to order another two ships of this class in Turku to expand its fleet to six ships by 2017.
The new cruise liners will join its sister vessels Mein Schiff 3 and Mein Schiff 4.  
With a length of 295m, the 97,000gt vessel will offer accommodation for 2,500 passengers in 1,250 cabins (82% of which will be balcony cabins).