Link: https://links.sgx.com/1.0.0/corporate-announcements/BIW8SJ6L0J0F7BOP/6f82e32d5f1bba409b127d17c0e6e2cad4a1459486aeb94de6f000256286f214

Summary:

• Civmec Limited announced it has completed the acquisition of 100% of Luerssen Australia from NVL Australia GmbH.

• The deal brings Luerssen Australia’s naval shipbuilding operations, workforce, engineering systems, and supply chain under full Australian ownership.

• The acquired entity will be renamed Civmec Defence Industries Pty Ltd (CDI) and become a wholly owned subsidiary of Civmec.

• This acquisition strengthens Civmec’s role in delivering the SEA1180 Offshore Patrol Vessel program.

• The purchase was funded from Civmec’s existing cash reserves.

• Civmec Chairman James Fitzgerald highlighted that the move enhances Australia’s sovereign shipbuilding capability and ensures continuity on key defence projects.

• A structured handover and technical collaboration with NVL will support integration and long-term value creation.