Abu Dhabi MAR has acquired HDW Gaarden GmbH in Kiel, Germany. The UAE-based firm says the new company, called Abu Dhabi MAR Kiel GmbH, will include HDW Gaarden’s facilities, equipment and infrastructure. It will employ 172 workers.

The managing directors of the new company are Susanne Wiegand and Holger Kahl. Christian Schmitt was named operations manager.

The statement said that the shipyard is currently building a 75m (246ft) superyacht and an offshore platform. An order for a second offshore platform has also been placed.

“In order to ensure a long-term and optimal utilisation of the facility in Kiel and a competitive cost structure, a close cooperation with Nobiskrug GmbH in Rendsburg providing major services has been established,” says the statement.

Abu Dhabi MAR owns shipyards in Germany, England, France, Greece and Abu Dhabi. Terms of the HDW Gaarden acquisition were not disclosed.