STX Europe
 |
|
| Private | |
| Industry | Shipbuilding |
| Predecessor | Aker Yards |
| Founded | 2004 (as Aker Yards) 2008 (as STX Europe) |
| Headquarters | Oslo, Norway |
|
Key people
|
In-Sung Lee (Chairman of the board), Su-jou Kim (President & CEO) |
| Revenue | NOK 31,496 million (2008) |
 (NOK 561million) (2008)
|
|
| Profit |
 NOK 40 million (2008)
|
| Owner | STX Corporation |
|
Number of employees
|
15,500(2008) |
| Website | www.stxeurope.com |
STX Europe AS, formerly Aker Yards ASA, was until 2012 a subsidiary of the South Korean industrial chaebol STX Corporation.
With headquarters in Oslo, Norway, STX Europe operated 15 shipyards in Brazil, Finland, France, Norway, Romania and Vietnam. The company had three business areas: Cruise & Ferries, Offshore & Specialized Vessels and Other Operations.
In 2012, with rising outstanding debts, STX retained the Finnish cruise shipbuilding yard and sold the remainder as STX OSV Holdings, (Offshore & Specialist Vessels), including all the yards, to Fincantieri, which renamed the group Vard.
The Turku shipyard was sold, 70% to Meyer Werft and 30% to the Finnish government, in September 2014. Meyer Werft acquired the Finnish government's 30% in April 2015.
The evolution of STX Europe originated with the founding of two prominent shipbuilding groups in Europe. One was the Norway based Aker Yards, created in 2004 by combining the shipbuilding activities of Aker and Kværner with the France-based Alstom shipbuilding group, which has shipyards (formerly those of Chantiers de l'Atlantique in Saint-Nazaire) and in Lorient.
On 4 January 2006, Aker Yards and Alstom announced their intention to join forces in shipbuilding and create together one of the world leaders in this industry, focused on high-value-added ships, including world-class cruise ships. The merger gave Aker Yards a majority shareholding over Alstom's shipbuilding activities; which included Chantiers de l'Atlantique shipyard - the builder of the iconic cruise liner - the RMS Queen Mary 2.
Aker ASA, the majority shareholder of Aker Yards; reduced its ownership share from 50.4% to 40.1% in January 2007. Aker divested its total shareholding in March 2007, and in October 2007, STX Business Group secured a 39.2% stake of Aker yards. Later, STX took a controlling stake, and renamed the group to STX Europe on 3 November 2008 to reflect the new ownership structure.
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Wikipedia