Austal USA acquires ElectraWatch

South Alabama-based Austal USA announced May 1 that it had acquired Virginia-based, and privately held, ElectraWatch Inc. in an all cash stock purchase. ElectraWatch develops and deploys portable probing devices that help maintain aluminum structures. The acquisition reinforces Austal USA’s position in aluminum ship manufacturing and sustainment, and extends its ability to support Navy ships built at their Mobile, Ala., shipyard, which includes the Independence variant Littoral Combat Ship and Expeditionary Fast Transport, according to Austal USA’s president. ElectraWatch’s patented technology and Austal USA’s advanced ship manufacturing and sustainment expertise will be able to reinforce the company’s position to efficiently support aggressive shipbuilding and meeting Navy requirements, says Craig Perciavalle. “As innovative technology reaches deeper into shipbuilding construction and sustainment, (Austal USA will) remain laser focused at providing cost-effective solutions to our customers.” (Source: Marine Link 05/02/18)