According to the Meyer family, the legal form of a German family foundation is a proven framework to ensure stable, long-term ownership supporting the sustainable development of the shipyards in Turku, Papenburg, and Warnemünde.
One of the family foundations is to become the long-term owner of Meyer Turku, located in Finland, while the other will own the shares of the Meyer family’s German companies. The operative management of each company will not be affected by the introduction of the foundations.
The Meyer family originally started from a small local shipyard in Papenburg, Germany. Today, we are talking about a global leader in the niche market of sophisticated cruise ships, ferries, and other special ships.
Traditionally, the family company’s success has been enabled by a long-term approach dedicated to developing shipbuilding technology, advancing the skills of employees, as well as reinvesting profits to guarantee growth and development. To support such a set-up, a stable ownership structure is considered to be the icing on the cake.
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