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Completion of acquisition of NSM joint venture

14th Mar 2022 10:00

RNS Number : 6509E
Babcock International Group PLC
14 March 2022
 

Babcock completes acquisition of 50% of its Australian naval sustainment joint venture

 

14 March 2022

 

Further to the announcement on 15 February 2022, Babcock International Group PLC ("Babcock" or "the Group") today announced that it has completed the acquisition of the remaining 50% interest in its Australian Naval Ship Management (NSM) joint venture from UGL Infrastructure (UGL).

 

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

 

Ends

 

 

 

For further information:

Andrew Gollan, Director of Investor Relations

+44 (0)7936 039004

Kate Hill, Group Director of Communications

+44 (0)20 7355 5312

Tulchan Communications

Olivia Peters / Harry Cameron

+44 (0)20 7353 4200  

 

 

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