The companies announced on Wednesday that TKMS, a maker of warships, and Navantia, a state-owned company in Spain, had signed a memorandum to explore a 'cooperation' on 'naval projects', 'including the 'potential production' of TKMS submersible designs at Navantia shipyards.
Both companies cite a growing demand for ships and bottlenecks of shipyard capacity in Europe.
* Parties agreed to begin management-level discussions in full compliance with 'competition and export controls regulations
* The goal of the talks is to examine how closer collaboration can help realising projects "more quickly, efficiently and cost-effectively".
* Navantia is owned?by SEPI, a Spanish holding company that reports to the Ministry of Finance. It employs?nearly 6,000 workers in Spain
* TKMS is owned by the?German industrial company Thyssenkrupp and employs?more? than 9,100 people in shipyards located in Kiel, Wismar & Itajai Brazil
* Oliver Burkhard, CEO of TKMS (Reporting and Editing by Linda Pasquini).
(source: Reuters)
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