Canada’s Davie Shipbuilding today reported that it has finalized the acquisition of the assets of Finland’s Helsinki Shipyard Oy (HSO). This completes a deal that Davie first revealed was in the works back in March this year when it exercised an exclusive option to purchase the shipyard’s assets. This was followed in April by the signing of a business purchase agreement and, on July 4, Davie secured a new 50-year land lease from the City of Helsinki.
Helsinki Shipyard had previously been owned...