Austal Aquisition Expands Asia-Pacific Capabilities

Press Release
Friday, October 05, 2012
Agreement Handshake: Photo credit Austal

Austal acquires Hydraulink NT and its associated business KM Engineering (HKME) in Darwin, Australia,

HKME is a leading engineering service provider in northern Australia with well-established operations supporting the Royal Australian Navy (RAN) and Australian Customs and Border Protection Service. HKME also has strong relationships with oil and gas sector participants.

Austal Chief Executive Officer Andrew Bellamy said the acquisition signals Austal’s commitment to supporting RAN and Customs and Border Protection operations. “Supporting the Royal Australian Navy and Australian Customs and Border Protection Service is core to Austal’s long-term success. With HKME, Austal presents a robust capability tailored to supporting the Austal-built Armidale Class Patrol Boat fleet and the forthcoming Cape Class Patrol Boat fleet,” he said.

Mr Bellamy added that the acquisition directly addresses the needs of the US Navy, with whom Austal has contracts to build Littoral Combat Ships (LCS) and Joint High Speed Vessels (JHSV).

”There is also potential for significant growth as a result of HKME’s relationships with oil and gas sector participants. Resource projects, most notably INPEX’s $33 billion Ichthys LNG development, are forecast to generate considerable demand for our skills both afloat and ashore,” he said.

In the photo: HKME Directors Stuart Kenny (left) and Greg McKechnie (centre) complete the agreement with Austal's Chief Operating Officer - Service and Sytems, Charles McGill





 

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Great Lakes Shipyard to Build Guatemalan Harbor Tug

U.S. shipbuilding and repair yard Great Lakes Shipyard informs it has signed a contract to build another of its HandySize Class, 3,400 HP twin-screw tugboat for

BAE Systems Welcomes Record Number of Paid Interns

More than 140 university students from across the country are being given a unique insight into working life at BAE Systems, as part of the company’s 12-week summer internship program.

Drydocks World World’s Largest Turret

Drydocks World marked a milestone in completing the world’s largest turret mooring system. At almost 100 meters high, weighing over 11,000 tons and with a diameter of 26 meters,

Mergers & Acquisitions

Hapag-Lloyd Continues on Path for Profits

Merger with CSAV is expected to deliver $100 million higher synergies than targeted, strong operating results, significant increases in transport volume and revenue

NYK Mulls Ownership of Canola Oil Venture

NYK has concluded a contract with United Green for partial ownership of a canola flower field along the Sanriku shoreline, an area that suffered extensive damage

Anglo-Eastern and Univan Set Sail Together: Largest Ever Ship Management Merger

There has been a great deal of merger activity in the shipping industry over the past few years, especially amongst owners, but, Anglo-Eastern Group and Univan Group have reached an agreement,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2849 sec (4 req/sec)