The strategic acquisition by Civmec will include the Forgacs name, its shipyard facilities and assets located at Tomago, New South Wales.
Forgacs is engaged in major project engineering, construction and maintenance for both defence and commercial markets.
Civmec said, it will develop the Tomago site to operate as a multi-disciplinary facility to replicate its flagship operations at Henderson, Western Australia
Civmec CEO Pat Tallon said, “This acquisition gives us a strong presence on the East Coast of Australia, enabling us to provide national and regional clients with a range of services in line with those we currently provide on the West Coast of Australia.”
Tallon added, “Our initial focus will be on steel fabrication and pre-cast concrete manufacture and over time we intend to combine the credibility of both the Tomago purpose-built ship building facilities and Civmec’s heavy engineering expertise to further strengthen our defence service offering.”