Austal: Buys BSE Maritime Group for $27.5M
- 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
