This strategic acquisition marks a significant milestone in Civmec’s evolution as a sovereign Australian shipbuilder and will see the full ownership transfer of the Luerssen Australia business, including all assets, employees, and licences, subject to the satisfaction of conditions precedent. The transaction strengthens Australia’s sovereign shipbuilding capability by consolidating design, construction, and operational expertise under a single, locally owned entity—enhancing national resilience and supporting long-term defence industry growth.

Read the full announcement here.