Civmec acquires shipbuilder Luerssen Australia in $16.7m deal
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Civmec has announced a binding agreement to acquire Luerssen Australia Pty Ltd for $16.7 million (AU$20 million) in cash from NVL Australia GmbH. The acquisition, expected to be completed by July 1, 2025, will transfer full ownership of Luerssen Australia, including all assets, employees, and licenses. Post-acquisition, the company will be renamed Civmec Defence Industries Pty Ltd and will operate as a wholly owned subsidiary of Civmec Limited.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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