Australian shipbuilder Austal has signed an agreement to take over Australian yard BSE Maritime Solutions for US$19.6 million.
Austal said the acquisition will help expand its ship repair and related support business across the defence and commercial sectors. The takeover will enhance support programmes including the Cape-class patrol boats Austal is building for the Australian navy. BSE Maritime Solutions is a leading ship repair and support business for defence, commercial, tourism, and luxury vessel customers, operating in Cairns and Brisbane. Customers include the Australian Border Force, BAE Systems, Thales and Svitzer. The firm employs approximately 60 permanent staff.
Austal Chief Executive Officer David Singleton said: “BSE Maritime Solutions is a quality business and its acquisition aligns with our stated strategy of growing our support division, adding further scale to our operations on the east coast of Australia in addition to our existing support services at Henderson, Cairns, and Darwin."