Germany's Flensburger Schiffbau-Gesellschaft (FSG) has taken over compatriot shipbuilder Nobiskrug to target the superyacht market.
The company — bought out of insolvency by Lars Windhorst's Tennor Group last year — said all 280 Nobiskrug employees will be retained following the acquisition.
The purchase price is confidential.
Competition clearance is needed for the deal to be completed.
