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Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh ( (AU:CVL) ) has shared an announcement.
Civmec Limited has completed the acquisition of Luerssen Australia Pty Ltd, enhancing its position in the Australian naval shipbuilding sector. This acquisition, funded from existing cash reserves, brings Luerssen Australia’s operations, workforce, and assets under local ownership, supporting the SEA1180 Offshore Patrol Vessel program. The integration aims to build sovereign capability and ensure a smooth transition, with the company poised to unlock long-term value from the acquisition.
More about Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh
Civmec Limited operates in the naval shipbuilding industry, focusing on providing comprehensive shipbuilding solutions. The company is involved in engineering, training systems, and maintaining a robust supply chain, particularly in Western Australia.
For an in-depth examination of CVL stock, go to TipRanks’ Overview page.