BSE Maritime Solutions, a ship repair provider, was sold to Austal Limited (ASX:ASB) for an enterprise value of AU$27.5 million.
BSE Maritime Solutions is a leading ship repair and support business for defence, commercial, tourism, and luxury vessel customers, operating in Brisbane and Cairns. Austal is Australia’s global shipbuilder and defence prime contractor designing, constructing and sustaining some of the world’s most advanced commercial and defence vessels. The acquisition aligns with Austal’s stated strategy of continuing to build the Company’s key support business.
Clairfield International acted as exclusive financial advisor to BSE.