[citation needed] Flensburger was acquired by Egon Oldendorff in March 1990 and then sold to the management in December 2008.
[3] In February 2019, Lars Windhorst's Sapinda Holding[4][5] acquired a 76% stake in the company and saved it from potential bankruptcy after the shipyard ran into financial difficulties due to multiple delays in the construction of the W. B.
[10][11] Since 1 September 2020, the shipyard is owned by the Tennor Group, controlled by Lars Windhorst.
Subsequently, in August 2021 FSG acquired the neighboring Nobiskrug superyacht shipyard, located in Rendsburg.
[12] In December 2024 the company filed for bankruptcy https://www.shz.de/lokales/flensburg/artikel/fsg-nobiskrug-insolvenzantrag-gegen-werften-von-lars-windhorst-48107768 Civil transport: Naval ships: