Rheinmetall AGXETR: RHM

Rheinmetall to take over the Mangalia shipyard in Romania

· Issued by Rheinmetall AG

Summary by 6ix AI

Rheinmetall and the Swiss shipping company MSC were awarded the bid at an auction for the Mangalia shipyard, located south of Constanța in Romania, which the two companies intend to acquire together.

Key details

  • The purchase price is around €138 million, to be paid jointly by Rheinmetall and MSC.
  • The partners intend to develop the site for dual use, meaning both civil and military shipbuilding for domestic and international markets, with the site to be divided into sectors and security zones.
  • Rheinmetall Naval Systems says the shipyard will play an important role in building four naval vessels commissioned by the Romanian government: two 96-metre offshore patrol vessels and two 43-metre diver support vessels.
  • Tim Wagner, CEO of the Naval Systems division, said Rheinmetall plans to expand and upgrade the shipyard after the acquisition.
  • Rheinmetall has been active in Romania since 2024 through Rheinmetall Automecanica, located in Mediaș.

What’s still pending

  • The acquisition has not yet been finalised; Rheinmetall expects it to be finalised shortly.

6ix AI wrote this summary from the release below and checked it against the release.

Contact
Oliver Grün

Media Relations Manager / Spokesperson Naval Systems

Phone: +49 171 3048 679

19/10/2026 | Press release

Rheinmetall to take over the Mangalia shipyard in Romania

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Key Facts
  • Rheinmetall acquires Romanian shipyard Mangalia together with MSC
  • Successful bid at auction - purchase price: €138 million
  • The shipyard will be developed as a dual-use location for both civil and military shipbuilding activities
  • For Rheinmetall Naval Systems, the Mangalia shipyard will play an important role in the build of four naval vessels which have been commissioned by the Romanian government

Rheinmetall and the Swiss shipping company MSC intend to acquire the Romanian Mangalia shipyard, located south of Constanța. They have now been awarded the bid following an auction. The aim of the takeover is to establish a dual-use production site, where both civil and military shipbuilding activities for domestic and international markets can be developed and carried out in parallel. To this end, the site will be subdivided into various sectors and security zones in the future. The acquisition, which is expected to be finalised in a few weeks, involves a purchase price of around €138 million, to be paid jointly by the two partners.

For Rheinmetall Naval Systems, the Mangalia shipyard will play an important role in the build of four naval vessels, which have been commissioned by the Romanian government. These include two 96-metre offshore patrol vessels as well as two 43-metre diver support vessels. At the same time, the site is intended to serve as a hub for further military shipbuilding projects. In doing so, Rheinmetall is creating a scalable foundation for future projects in south eastern Europe and strengthens its position in a strategically important market.

"Following the acquisition, we plan to expand and upgrade the shipyard comprehensively. Our aim is to further develop the existing infrastructure, improve production conditions and adapt capacity to meet future requirements. This will enable the site in the long term to play a key role in the implementation of our strategic activities in South-Eastern Europe and to strengthen our industrial presence in the region," said Tim Wagner, CEO of the Naval Systems division.

The Dusseldorf technology group has been active in Romania since 2024 through Rheinmetall Automecanica, located in Mediaș.

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Contact
Oliver Grün

Media Relations Manager / Spokesperson Naval Systems

Phone: +49 171 3048 679

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