Schiffbau- u. Entwicklungsgesellschaft Tangermünde

What Schiffbau- u. Entwicklungsgesellschaft Tangermünde does

Schiffbau- u. Entwicklungsgesellschaft Tangermünde mbH (SET) is a German shipbuilder founded in 1990, operating two yards in Tangermünde and Genthin in Saxony-Anhalt, with a cumulative track record of 217+ newbuilds delivered since 1990. The company is a wholly-owned subsidiary of the Heinrich Rönner Gruppe, a family-owned maritime conglomerate based in Bremerhaven. SET specializes in new construction, conversion, and repair of specialized inland and coastal vessels — including river cruise ships (up to 135m), hybrid and electric passenger ferries, patrol boats for federal and state police, icebreakers, dredgers, oil-recovery and research ships, and rescue cruisers.

The company's technology stack combines an in-house design department using Catia V5 R22 3D, Inventor 2016 3D, and AutoCAD with two physically complementary yards: Tangermünde offers steel construction halls and a 1,000t slipway, while Genthin provides a dedicated aluminum shipbuilding hall, a 640t slipway, a 350m pier, and long-turning machining facilities. Differentiated capabilities include diesel-electric and plug-in hybrid propulsion integration (the HADAG Type 2030 design is hydrogen-ready), aluminum vessel construction, and electrification retrofits for historic vessels such as the 137-year-old Kaiser Friedrich. ISO 9001:2015 certification (valid to October 2027) and DNV GL welding approvals under EN ISO 3834-2 underpin qualification for public-procurement contracts.

SET generates revenue through three streams: (1) individually negotiated newbuild contracts for government maritime agencies (Wasserstraßen- und Schifffahrtsämter, Bundespolizei, NLWKN, Küstenschutz Schleswig-Holstein) and commercial operators (HADAG, Scenic Cruises), with revenue recognized on delivery; (2) ship repair, conversion, and modernization services including propulsion upgrades and hull work at both yards; and (3) design and engineering services using the in-house CAD department. GTM is direct B2B enterprise sales through public tenders for government work and direct negotiation for commercial contracts. Management states that SET accounts for 80% of German inland waterway ship newbuilds from Saxony-Anhalt and faces near-zero domestic competition in special-purpose vessels such as HADAG ferries and oil-recovery ships.

Name

Schiffbau- u. Entwicklungsgesellschaft Tangermünde

Legal name

SET Schiffbau- u. Entwicklungsgesellschaft Tangermünde mbH

Website

https://set-schiffbau.de

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Shipbuilding

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (33661)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Semi-Custom Luxury Yacht Manufacturing (IMAJAMAA)

akta.pro secondary industries

Explorer Yacht Manufacturing (IMAJAMAE), Luxury Yacht Refit, Rebuild & Lifecycle Upgrades (MRO) (IMAJAMAJ), Electrical Engineering & Power Distribution (Generation, Switchboards, Cabling, Lighting) (IMAJAGAF)

Keywords

• Shipbuilding services
• Ship repair maintenance
• Vessel new construction
• Inland waterway vessels
• Ship conversion retrofit

Headquarters

HQ city

Tangermünde

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D

Revenue model

1. New ship construction: Custom shipbuilding contracts for river cruise ships, passenger vessels, ferries, icebreakers, dredgers, police boats, and government vessels. Projects range from small work boats to 135m cruise ships. Revenue recognized upon project completion and delivery.
2. Ship repair and conversion: Repair, maintenance, and conversion services including hull repairs, machinery replacement, propulsion system upgrades, and historic vessel modernization. Services provided at both Tangermünde and Genthin facilities.
3. Design and engineering services: In-house construction design and planning services using 3D CAD software, from initial studies and designs through construction documentation.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

SET is a German shipbuilder operating two shipyards in Tangermünde and Genthin, specializing in new construction of river cruise ships, passenger ferries, icebreakers, dredgers, police boats, and government authority vessels, along with ship repair, conversion, modernization, and in-house ship design/engineering services. The company delivers individually customized vessels for government maritime agencies, public transport operators, and commercial cruise lines, with particular expertise in hybrid and fully electric propulsion systems.

Product overview

SET Schiffbau- u. Entwicklungsgesellschaft Tangermünde is a shipbuilding company specializing in new construction, conversion, and repair of vessels. The company operates two shipyards in Tangermünde and Genthin, Germany, as part of the Heinrich Rönner Gruppe. Core products include passenger ferries (HADAG hybrid and electric series), government authority vessels (patrol boats, coast guard ships, rescue cruisers), multi-purpose research and oil collection ships, work boats, and floating excavators. Services encompass complete ship design and engineering using CAD systems, propulsion conversions including electric retrofits for historic vessels, repair and maintenance, and modernization projects. The company has delivered over 217 newbuilds since 1990.

Differentiator

Problem solved

Functional benefit

Products and services

• HADAG Hybrid Ferries
• Fully Electric HADAG Ferries
• DGzRS Rescue Cruiser Prototype
• Multi-Purpose Oil Recovery and Research Ships
• River Cruise Ships
• Federal Police Patrol Boats (BP 61-65)
• Aluminum Work Boats and Buoy Tenders
• Electric Propulsion Conversion and Modernization Services
• Ship Repair and Maintenance
• Ship Design and Engineering
• Transportschubleicher (Transport Barge) Jürgen

Quantifiable outcome

• 70% reduction in exhaust emissions with hybrid propulsion systems
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered educational partnership, parent company and subcontractor arrangement.

• Hochschule Bremen (University of Applied Sciences Bremen)educational partnershipStrategic or Co-development Partner · 28 June 2023Cooperation agreement for dual study programs (ausbildungsbegleitend and industriebegleitend) in shipbuilding and marine engineering. Aims to develop future shipbuilding engineers and strengthen ties with academic institutions.
• Heinrich Rönner Gruppeparent companyOthersParent company based in Bremerhaven, Germany, comprising multiple shipyard and maritime service subsidiaries. SET operates as an independent subsidiary within the group, benefiting from shared resources, group procurement, and cross-company collaboration at events like SMM.
• Tamsen Maritim GmbHsubcontractor arrangementChannel Partner/ Reseller/ DistributorRostock-based shipyard contracted as prime contractor for STS (Security, Transport, Towing) boats for German Navy WTD 71; SET serves as subcontractor delivering completed vessels. Described as a new collaborative approach allowing yards to work as partners rather than competitors.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Damen Shipyards Group: Large Dutch shipbuilding group with a broad portfolio of ferries, patrol vessels, workboats, and naval ships including hybrid and electric models. A broad incumbent in the same vessel categories as SET, but at far greater scale and geographic reach.
• Meyer Werft: German shipbuilder best known for large cruise ships but also active in river cruise and specialized vessel construction. Overlaps with SET on river cruise ship newbuilds (135m class) but operates at a much larger scale and primarily ocean cruise.
• Lürssen: Large German shipbuilding group covering luxury yachts, naval vessels, and special ships. A broad incumbent in German shipbuilding with adjacent capabilities in vessel design and government contracts, but at far greater scale and with luxury-yacht and naval focus.
• Flensburger Schiffbau-Gesellschaft (FSG): German shipyard in Flensburg building ferries, RoPax, and naval vessels. Comparable in product mix (ferries, government vessels) and German shipbuilding context, but operates at significantly larger scale and includes larger naval/commercial contracts.

Direct peers

• Fassmer Shipyard: German mid-sized shipyard building ferries, patrol boats, Coast Guard and special-purpose vessels for government clients across Europe. Highly comparable in scale, product portfolio (ferries, patrol boats, workboats), and reliance on public-procurement customers, with similar exposure to the German inland and short-sea vessel market.
• Kröger Werft: German shipyard in Schleswig-Holstein building ferries, special-purpose vessels, and small commercial ships. Directly comparable to SET on vessel types (ferries, workboats), customer base (German municipal and federal operators), and size tier.
• Pella Sietas: Hamburg-based German shipyard historically specialized in ferries and small commercial vessels. Directly comparable to SET on ferry newbuilds and small-vessel construction for German and Northern European operators.
• Schiffswerft Bolle: Berlin-based German inland shipyard active in newbuild, repair, and conversion of river and short-sea vessels. Comparable to SET on inland-waterway focus, government workboat contracts, and small-yard operating model.
• Hitzler Werft: Lower Saxony-based German shipyard building ferries, special-purpose, and government vessels for German clients. Closely comparable to SET in scale, product mix (ferries, special-purpose vessels), and public-sector customer base.

Emerging players

• Baltic Workboats: Estonian small-ship builder focused on aluminum workboats, patrol boats, and hybrid/electric vessels. Comparable to SET in aluminum fabrication capability, small workboat/patrol boat product focus, and emerging hybrid/electric offering, though operating from a Baltic rather than German base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Schiffbau- u. Entwicklungsgesellschaft Tangermünde