Triyards acquires Strategic assets

Singapore's Triyards Holdings has announced the completion of an acquisition of two shipyards from Australian work boat builder Strategic Marine.

Announced in mid-October, the deal sees Triyards acquire Strategic's shipbuilding facilities in Vietnam and Singapore, leaving its Henderson repair base in Western Australia.

According to industry sources, the value of the deal is a little over US$20 million.

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Baird Maritime / Work Boat World