The deal announced on Wednesday sees Triyards take full control of the Australian vessel builder, which has yards in Singapore, Vietnam and Australia.
Singapore-listed Triyards is paying A$23.3 ($20.3m) for Strategic Marine and is using 90% of proceeds from a recent share placement to help fund the acquisition.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.