Chantier Davie Canada Inc. enters exclusive process for potential purchase of assets of Helsinki Shipyard Oy

YardChantier Davie Canada Inc. (Davie) announced the exercise of its exclusive option to purchase the assets of Finland’s Helsinki Shipyard Oy (HSO).
Exercising the option to purchase does not mean an acquisition is completed. It is subject to the successful execution of thorough due diligence, including financial, regulatory and legal considerations, as well as final decision making by Davie.

Davie President and CEO, James Davies, said: “If the acquisition is successful, it would combine two historic and highly complementary businesses creating the western world’s leading international centre of excellence for Arctic shipbuilding.”

The ongoing process is otherwise confidential, and Davie will make further comment only upon reaching a major milestone such as the signing of a purchase agreement.

mar 26 2023