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Civmec’s AUD 20M Luerssen Buy: A New Era for Australian Shipbuilding
8:29am on Thursday 26th of June, 2025 AEST
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Defence
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Civmec’s AUD 20M Luerssen Buy: A New Era for Australian Shipbuilding
8:29am on Thursday 26th of June, 2025 AEST
Key Points
Acquisition of 100% Luerssen Australia for AUD 20 million
Transaction funded entirely from Civmec’s existing cash reserves
Strengthens Civmec’s role in the SEA1180 Offshore Patrol Vessel program
Completion targeted for July 1, 2025, subject to regulatory approvals
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