Tsuneishi Shipbuilding acquires Mitsui E&S Shipbuilding

It has changed its name to Tsuneishi Solutions.

Tsuneishi Shipbuilding Co., Ltd. has acquired all shares of Mitsui E&S Shipbuilding Co., Ltd. from MITSUI E&S Co., Ltd., making it a wholly owned subsidiary.

Following this development, Tsuneishi Shipbuilding said that Mitsui E&S Shipbuilding has changed its name to Tsuneishi Solutions Tokyobay Co., Ltd.

“Since entering into a capital alliance in October 2021, Tsuneishi Shipbuilding and Tsuneishi Solutions have collaborated to leverage the synergies of cost competitiveness and technological expertise,” the former said.

“In light of the need for further integration to ensure sustainable growth and enhanced competitiveness in the future, Tsuneishi Shipbuilding has decided to proceed with the full acquisition,” it added.

Both companies aim to maximise their respective strengths and enhance corporate value moving forward.