Harland & Wolff Buys Former HMS Atherstone Mine Hunter
Harland & Wolff said Wednesday it had acquired the former HMS Atherstone mine hunter from the UK Ministry of Defence (MOD) for an undisclosed fee.
"The former HMS Atherstone is a mine hunting class vessel that is no longer in service. The company has acquired this vessel with a view to refurbishing it for non-military uses, discussions for which have already commenced with interested parties," Harland & Wolff said.
Harland & Wolff is involved in a competition run by the MOD regeneration program for the former HMS Quorn (M55).
"Management believes that the acquisition of the former HMS Atherstone will significantly de-risk the M55 regeneration program given that the two vessels share a number of spare parts and components," Harland & Wolff said.
"Should the company be awarded the regeneration program for the M55, such spare parts and components on the HMS Atherstone will be utilized during the regeneration program of the M55. Management expects negotiations with the MOD on the M55 regeneration program to be completed in the next few weeks with an announcement to be made thereafter, should an award be made in the company's favor," the company added.
Harland & Wolff, group CEO John Wood, said: "I am delighted that we have acquired the former HMS Atherstone. The benefits of this acquisition are two-fold; we now can significantly de-risk the M55 regeneration program by utilizing spares and component parts common to the two vessels, which has been recognized by MOD and will certainly help in closing out the negotiations over the next few weeks.
Secondly, we also can utilize this platform as the basis for other clients' projects, which will be a valuable revenue stream for 2023. I am pleased that we have generated a lot of interest for the repurposing of the former HMS Atherstone, and I expect to make announcements in this regard as soon as we have executed a refurbishment contract with a counterparty."