Major shipbuilder Austal has made a deal to acquire BSE Maritime Solutions for $27.5 million.
BSE Maritime Solutions operates in Cairns and Brisbane as a leading ship repair and support business for defence, commercial, tourism, and luxury vessel customers.
Austal said the 60 permanent staff now with BSE Maritime Solutions would be offered employment with Austal.
“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 chief executive officer 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.”
The purchase agreement is subject to conditions and is expected to settle at the end of November 2020.
BSE Maritime Solutions last year introduced a new 1120-tonne Cimolai mobile boat hoist – the largest of its kind worldwide – to its Cairns slipways.
It has been working towards securing a massive syncrolift ship hoist to expand Cairns’ capacity to work on large Navy ships.