Civmec agrees to acquire German shipbuilder in Australia
Engineering group Civmec has agreed on a framework for the transfer of ownership of German-owned Luerssen Australia, its partner in constructing six Arafura Class Offshore Patrol vessels for the Royal Australian Navy under the existing SEA1180 contract. Upon completion of the potential transaction, NVL B.V. & Co. KG (Naval Vessels Lürssen) will transfer all its…