Austal has acquired Australian-based BSE Maritime Solutions Group for $27.5 million.
BSE Maritime Solutions is a ship repair and support business for defence, commercial, tourism, and luxury vessel customers, operating in Cairns and Brisbane.
Current customers include the Australian Border Force, BAE Systems, Thales and Svitzer.
“BSE Maritime Solutions is a quality business and its acquisition aligns with our stated strategy of growing our support division, adding further scale to our operations on the east coast of Australia in addition to our existing support services at Henderson, Cairns, and Darwin," Austal CEO David Singleton said. “In particular, the acquisition provides Austal with dockyard and ship lift capability in the northeast region of Australia – including the Pacific’s largest mobile boat hoist, capable of moving 1120 tonnes – supporting our existing and future customers and reinforcing our commitment to grow in the region.
It further enhances our in-service support capabilities, currently provided across multiple facilities in Cairns, for the Austal designed and constructed Cape-class and Guardian-class Patrol Boats.”