Acquiring Company
Hanwha
Acquired Company
Austal
South Korea
AustraliaEnergyOil And GasAerospaceDescription
Hanwha, a South Korean multinational, has made a bid for the US arm of Australia's largest shipbuilder, Austal. The tentative offer ranges from $1.05 billion to $1.2 billion, representing a significant portion of Austal's anticipated revenue. Austal's board is currently evaluating the proposal and has authorized Hanwha to conduct due diligence on Austal USA. This acquisition highlights Hanwha's strategy to expand its footprint in the defense and renewable energy sectors.
Related People
M&A Insights
Based on deal dataFrequently asked
Who acquired Austal?
Austal was acquired by Hanwha, based in South Korea. The deal was reported on August 11, 2026. Hanwha is South Korea’s seventh-largest conglomerate and a Fortune Global 500 company. The company is making strategic moves to increase its influence in the shipbuilding industry and aims to expand its presence in U.S. Hanwha is privately held and operates in Energy.
When did Hanwha acquire Austal?
Hanwha's acquisition of Austal was reported on August 11, 2026. Hanwha, a South Korean multinational, has made a bid for the US arm of Australia's largest shipbuilder, Austal. The tentative offer ranges from $1.05 billion to $1.2 billion, representing a significant portion of Austal's anticipated revenue. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Austal do?
It is privately held, operating in Oil And Gas, and is based in Australia.