UK-based aluminium shipbuilder Wight Shipyard is set to merge with French shipbuilding company Ocea in an all-share deal that will double its size.
The merger aims to tap opportunities in the fast ferry and offshore renewable energy space.
The combined entity will offer employment opportunities at the East Cowes yard.
Wight Shipyard CEO Peter Morton said: “This is a transformational deal for The Wight Shipyard and for the Isle of Wight, confirming the resurgence of the shipbuilding industry in the...
https://www.ship-technology.com/news/wight-shipyard-merger-deal-ocea/