Finance
TKMS CEO expects decision over possible GNYK purchase in next few weeks
Published by Global Banking and Finance Review
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
TKMS is in talks to acquire GNYK, with a decision expected soon. CEO Oliver Burkhard highlights the importance of swift evaluation.
FRANKFURT, Dec 8 (Reuters) - German warship builder TKMS expects to make a decision on whether to buy neighbouring German Naval Yards Kiel (GNYK) in the next few weeks, its CEO Oliver Burkhard said on Monday.
Talks with GNYK, which is owned by France-based shipping group CMN Naval, are currently underway, and Burkhard said TKMS was in what he called a "pre due diligence" to see whether a purchase makes sense.
"For us, this would be a good opportunity, but it is not a must. And I believe it is important that we know very quickly whether it is worthwhile to deepen talks," Burkhard told reporters after presenting full-year results.
(Reporting by Christoph Steitz, Editing by Miranda Murray)
Due diligence is the process of investigating and evaluating a potential investment or acquisition to ensure all relevant information is considered before making a decision.
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
Corporate strategy refers to the overarching plan and direction a company takes to achieve its long-term goals and objectives.
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