27.05.2004, 14:51
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The weekend’s revelation that BAE was preparing to sell its marine division comes as no real surprise to industry pundits. Repeated failure to move the focus of the business to the US market through merger led to BAE taking an eye off the ball in the UK leaving it in an increasingly untenable domestic position. A successful sale of its marine division would successfully position BAE to merge with Boeing. However, the focus of this article is on the contenders for the acquisition of BAE’s Marine Division.
The weekend’s revelation that BAE was preparing to sell its marine division comes as no real surprise to industry pundits. Repeated failure to move the focus of the business to the US market through merger led to BAE taking an eye off the ball in the UK leaving it in an increasingly untenable domestic position. A successful sale of its marine division would successfully position BAE to merge with Boeing. However, the focus of this article is on the contenders for the acquisition of BAE’s Marine Division.
Zitat:The BAE decision to sell their marine division opens up the playing field and will make for extremely exciting spectator sport. A number of companies could potentially be interested in the marine division of the company as it has a large order book combined with relatively slim overheads due to a number of rounds of cost cutting.
The European military marine sector is long overdue a structural reorganisation. There is significant oversupply and most European yards are struggling to find work beyond their faltering domestic markets. The problem with a potential reorganisation of the European military marine market is that political sensitivities, one industry towns and organisational mismatch issues throw up serious barriers to market consolidation. However, the £800m annual turnover of BAE Marine would be a significant addition to any of the global defence contractors and would provide an entrance or strengthening strategy in the strong UK defence market. Let’s look at some of the potential contenders.