September 6, 2019
Investor Lars Windhorst has completely taken over the Flensburg shipbuilding company. His investment company Tennor Holding B.V. confirmed it has now become the sole owner of the German shipyard FSG, after acquiring all remaining shares in FSG from the former owners, Siem Europe Sarl.
In February of this year, Tennor (formerly Sapinda Holding) became the principal shareholder.
Siem Europe will continue to work closely with Tennor alongside other FSG customers and suppliers to ensure the long term growth and prosperity of the business.