Harland & Wolff Group Holdings plc (AIM: HARL) is a multisite fabrication company, operating in the maritime and offshore industry through five markets: commercial, cruise and ferry, defence, oil & gas and renewables and six services: technical services, fabrication and construction, decommissioning, repair and maintenance, in-service support and conversion.
Its Belfast yard is one of Europe’s largest heavy engineering facilities, with deep water access, two of Europe’s largest drydocks, ample quayside and vast fabrication halls. As a result of the acquisition of Harland & Wolff (Appledore) in August 2020, the company has been able to capitalise on opportunities at both ends of the ship-repair and shipbuilding markets where this will be significant demand.
In February 2021, the company acquired the assets of two Scottish based yards along the east and west coasts. Now known as Harland & Wolff (Methil) and Harland & Wolff (Arnish), these facilities will focus on fabrication work within the renewable, oil and gas and defence sectors.
In addition, it also owns the Islandmagee gas storage project, which is expected to provide 25% of the UK’s natural gas storage capacity and to benefit the Northern Irish economy as a whole when completed.
The primary goal of the directors of Harland & Wolff Group Holdings plc is to enhance shareholder value by profitably realising the value of its initial Islandmagee gas storage facility project, and by seeking out and properly exploiting additional infrastructure opportunities around the world.
The company (formerly Portland Gas plc) demerged from Egdon Resources plc on 16th January 2008, and was admitted to the AIM market on 17th January 2008. On 15th December 2009, its name was changed to InfraStrata plc.
Following four successful acquisitions of two shipyards and two heavy fabrication sites across the UK, its name was changed again on 14th September 2021 to reflect its new core business focus.
Harland & Wolff Group Holdings plc is incorporated in the UK, which is its main country of operation.
The company now has two key focuses its underground natural gas storage facility at Islandmagee in County Antrim, Northern Ireland and its four Harland & Wolff sites.
In 2018, a new executive team was formed supported by a new Non Executive team which now forms a board of five.