Harland and Wolff the Belfast shipyard has been rescued by UK listed company Infrastrata in a deal worth £6m.
The company’s owner Dolphin Drilling, who are a Norwegian firm, filed for bankruptcy in June after the firm went into administration in August.
No buyer had been found for Harland and Wolff who built the Titanic between 1909 and 1911.
John Wood, chief executive of Infrastrata said, “This acquisition is a function of deep operational synergies between the various business segments of the company with Harland and Wolff underpinning the construction economics of the Islandmagee gas storage project and other future projects.”
The head of manufacturing for union Unite, Steve Turner, “I always knew that this incredible workforce would fight for and win the future that this community wholeheartedly deserves.
“They have stood strong and resolute while others were too ready to throw in the towel.
Adding, “In the coming days we will continue to meet with Infrastrata, the yard’s new owners, and we will seek to secure an outlook that puts this community first and eliminates the insecurity that it has been forced to endure in recent weeks.”