Australian yard bought out

Australian yard bought out

Singapore-listed Civmec has bought out Australia’s largest privately owned engineering and shipbuilding company, Forgacs for A$20.75m ($14.6m).

Based in New South Wales, Forgacs is engaged in major project engineering, construction and maintenance for both defence and commercial markets.

Civmec has a yard in Western Australia

Civmec CEO Pat Tallon said, “This acquisition gives us a strong presence on the East Coast of Australia, enabling us to provide national and regional clients with a range of services in line with those we currently provide on the West Coast of Australia.”

Tallon added, “Our initial focus will be on steel fabrication and pre-cast concrete manufacture and over time we intend to combine the credibility of both the Tomago purpose-built shipbuilding facilities and Civmec’s heavy engineering expertise to further strengthen our defence service offering.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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