The management of thyssenkrupp Marine Systems Australia (tkMSA) announced it completed the buyout of the business from its parent company.
On September 1, the ownership of thyssenkrupp Marine Systems Australia transferred to its management team who renamed the company to Australian Maritime Technologies Pty Ltd (AMT), returning the name by which the company was previously known in the Australian defense industry.
AMT was formed 30 years ago to provide a home for technology transferred to Australia as part of the ANZAC frigate project. Since then, AMT has continuously provided naval ship design and related engineering and project management services in Australia and internationally.
After the sale of thyssenkrupp Marine Systems Australia, German defense contractor Thyssenkrupp will continue its Australia presence through its Australian subsidiary Sonartech Atlas into which it has now integrated its spare parts services business.