On March 8, 2010 the sale of the production equipment of the Emden-based
company TKMS Blohm + Voss Nordseewerke has become effective: SIAG Schaaf
Industrie AG takes over ThyssenKrupp Marine Systems in Emden and, under the
name of SIAG Nordseewerke GmbH, will further increase their ability to produce
towers, machinery frames and foundation structures for offshore wind power plants. ThyssenKrupp Marine Systems (TKMS) will remain tied to the Emden location: TKMS Blohm + Voss Nordseewerke will retain their shipbuilding expertise in the naval surface vessel and submarine engineering sectors as well as in the repair and outfitting sector at the Emden location.

In the course of the year 2010, it is intended
- to combine the naval surface ship engineering sector in Emden with the
activities at the Hamburg location in a single company and to continue the
activities at both locations,
- to separate the submarine engineering section in Emden to become a branch of Howaldtswerke-Deutsche Werft in Kiel and
- to continue the repair and outfitting activities in Emden under the name „Emder Werft und Dockbetriebe“ as part of ThyssenKrupp Marine Systems.

At the closing date, a total workforce of about 450 will be employed at TKMS Blohm + Voss Nordseewerke in Emden, whereas SIAG Nordseewerke will have a workforce of about 700, most of them taken over from the production sector.