Austal Australia acquires local ship repair firm

Austal Australia has entered into an agreement to acquire BSE Maritime Solutions, a ship repair and support business for defence, commercial, tourism, and luxury vessel customers, operating in Cairns and Brisbane.

The acquisition of the business carries an enterprise value of AU$27.5 million (US$19.5 million).

Austal Australia CEO David Singleton said the acquisition provides Austal with dockyard and ship lift capability in the northeast region of Australia, including the Pacific’s largest mobile boat hoist, capable of moving 1,120 tonnes.

Mr Singleton added that the acquisition enhances the company’s in-service support capabilities for the Cape-class and Guardian-class patrol boats.