Tuesday, October 15

Construction and engineering group Civmec has disclosed plans to buy the German-owned firm making the Royal Australian Navy’s latest patrol vessels.

Civmec told the Australian Securities Exchange late on Tuesday that it had struck a non-binding heads of agreement to buy Luerssen Australia, a fellow tenant at Henderson’s Australian Marine Complex, for an undisclosed sum from Germany’s NVL Group.

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https://thewest.com.au/business/construction/civmec-signs-deal-to-buy-german-maker-of-rans-new-patrol-boats-c-16403564

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