Wednesday, July 9, 2025
20.1 C
London
HomeFinTechAustal: Buys BSE Maritime Group for $27.5M

Austal: Buys BSE Maritime Group for $27.5M

Date:

Revolut Expands Services: Users Can Now Send Money to China via Alipay

Revolut Enhances Global Transactions with New Alipay Integration for...

Consultation on the Future of Australian A2A Payments by AusPayNet and AP

Exploring Innovations and Developments in Account-to-Account Payment SystemsHighlights: AusPayNet...

CastellumAI Raises $8.5M to Revolutionize AI in Real Estate

Empowering Real Estate with Innovative Artificial Intelligence SolutionsHighlights: CastellumAI...
  • Global shipbuilder Austal (ASB) has signed to buy ship repairers BSE Maritime Group for $27.5 million
  • The purchase is in line with Austal’s strategy of continuing to build the company’s key support business
  • Revenue from Austal’s support business has grown at an annual rate of 28 per cent over the past four years
  • Austal is expecting the new business to bring in earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $5 million in 2021
  • This figure is expected to rise to $11 million by 2025
  • On the market this afternoon, Austal is down 0.63 per cent and trading for $3.17 per share

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories