Civmec Completes Acquisition of Luerssen Australia, Expanding Defence Shipbuilding Capabilities
Summary:
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Civmec Limited announced it has completed the acquisition of 100% of Luerssen Australia from NVL Australia GmbH.
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The deal brings Luerssen Australia’s naval shipbuilding operations, workforce, engineering systems, and supply chain under full Australian ownership.
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The acquired entity will be renamed Civmec Defence Industries Pty Ltd (CDI) and become a wholly owned subsidiary of Civmec.
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This acquisition strengthens Civmec’s role in delivering the SEA1180 Offshore Patrol Vessel program.
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The purchase was funded from Civmec’s existing cash reserves.
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Civmec Chairman James Fitzgerald highlighted that the move enhances Australia’s sovereign shipbuilding capability and ensures continuity on key defence projects.
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A structured handover and technical collaboration with NVL will support integration and long-term value creation.