Civmec to acquire Luerssen Australia in non-binding agreement with NVL

Luerssen Australia builds patrol vessels for the Royal Australian Navy.

Civmec Limited have entered into a non-binding agreement with NVL B.V. & Co. to acquire Luerssen Australia. It did not specify the amount involved.

Under the agreement, NVL will transfer all its shareholding in Luerssen Australia to Civmec. This includes assets, employees, and licences.

The move will ensure uninterrupted operations at the Osborne South shipyard in South Australia and the Civmec-owned facility in Henderson, Western Australia, according to an SGX filing by construction and engineering firm Civmec.

Luerssen Australia is responsible for building six Arafura Class Offshore Patrol vessels for the Royal Australian Navy under the existing SEA1180 contract with the Australian Department of Defence.

The proposed acquisition is subject to the Commonwealth’s approval, which both parties aim to obtain by 31 December 2024.

In the interim, Luerssen Australia and Civmec will collaborate to manage the SEA1180 project.

Follow the links for more news on

Acquisitions

Australia

Also Read

Shell pipeline leaks oil into Singapore’s Bukom Island

Changi Airport Group unveils three faster vessels for sea rescues

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit