The heads of agreement includes the transfer of all NVL's shareholding in Luerssen Australia to Civmec (SGX:P9D
) , encompassing all assets, employees, and licences.
Civmec, on Jan 10, announced that it made positive progress with the due diligence for the transfer of ownership of Luerssen Australia, a shipyard in Western Australia.
The update comes after the company signed a non-binding heads of agreement with NVL B.V. & Co. KG of Bremen Germany outlining the framework for the transfer of ownership in October 2024. Luerssen Australia is responsible for building six Arafura Class Offshore Patrol vessels for the Royal Australian Navy under the SEA 1180 contract.
