Civmec completes acquisition of Luerssen Australia

The acquisition was funded from Civmec’s existing cash reserves.

Civmec Limited has completed the acquisition of 100% of the shares in Luerssen Australia from NVL Australia GmbH.

The company said the acquisition will strengthen its role in Australia’s naval shipbuilding sector.

The business provides experienced naval shipbuilding talent, advanced engineering, and a strong Western Australia-focused supply chain, all critical for the ongoing SEA1180 OPV program.

Luerssen Australia will now be renamed to Civmec Defence Industries.

The acquisition was funded from Civmec’s existing cash reserves.

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