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Babcock acquires 100% of NSM

18 Feb 2022   //   Media,

Babcock International Group PLC has entered into a Sale and Purchase Agreement to acquire the remaining 50% shareholding in Naval Ship Management (Australia) Pty Ltd (NSM) from its long-term joint venture partner in Australia. The change of ownership is subject to regulatory and customer consents.

The acquisition will allow Babcock Australasia to further strengthen the breadth of its maritime support to the Australian Defence Force and to provide additional capability for Australia’s current and future maritime programmes.

Babcock Australasia CEO David Ruff said:

“We are incredibly proud to further our commitment to the Royal Australian Navy and signal our intentions to be a long-term and valued partner to Defence.

“NSM will continue its track record of providing innovative and highly skilled sustainment operations, working in close partnership with CASG and Defence.

“Australasia is a focus region for our Group and this shareholding acquisition aligns with our strategy to be the number one warship sustainment company in the region.”