Austal USA Acquires Electrawatch
MOBILE, Ala. — Austal USA has acquired privately held ElectraWatch Inc. in an all-cash stock purchase, Austal announced in a May 1 release. The transaction is expected to be immediately accretive to earnings and the business will remain a standalone business, part of the Austal USA portfolio.
Headquartered in Charlottesville, Virginia, ElectraWatch develops and deploys portable probe devices that help efficiently maintain aluminum structures. The acquisition reinforces Austal USA’s position as a global leader in aluminum ship manufacturing and sustainment, and extends its ability to support the U.S. Navy fleet where nearly every ship includes aluminum structures.
“The combination of ElectraWatch patented technology along with Austal USA’s advanced ship manufacturing and sustainment expertise reinforces the company’s position as an industry leader to efficiently support the aggressive shipbuilding and sustainment requirements from our U.S. Navy customer,” said Craig Perciavalle, president of Austal USA. “As innovative technology reaches deeper into shipbuilding construction and sustainment, we remain laser focused at providing cost-effective solutions to our customers.”
As both the designer and prime contractor, Austal USA manufactures the Independence-variant littoral combat ship (LCS) and expeditionary fast transport (EPF) for the U.S. Navy with both programs on schedule and on budget. The company delivers two LCSs and two EPFs per year with the capacity to increase its manufacturing rate at its 166-acre facility and headquarters in Mobile. Eight LCSs (even numbered LCS 2 through 16) and nine EPFs (T-EPF 1-9) have been delivered to date.
Austal USA was also one of five prime contractors awarded a concept design contract for the U.S. Navy’s future guided-missile frigate (FFG(X)) while its EPF is also being considered to support permanent medical ship operations.