Industrial services company WestStar Industrial Limited (ASX:WSI) has wrapped up the acquisition of the business and assets of Watmarine Engineering (WATMAR).
WestStar acquired WATMAR through a newly established wholly-owned subsidiary, Watmar Engineering Pty Ltd. WATMAR is a fluid system engineering specialist predominantly operating within defence, industrial and marine industries
WATMAR has a sound reputation in the Australian marine and defence sectors as a Fluid System Engineering Specialist. WATMAR operates from Perth, Darwin and Sydney, providing four main business lines: Fluid Systems and Equipment, Engineering Services, Engineering Contracting and Asset Management Services.
WATMAR’s strong and long-standing client base consists principally of government and large-scale enterprises in both the public and private sectors, including Australian Government Department of Defence, BAE Systems, Serco Group, Babcock Australasia, Luerssen Australia and Woodside Energy.