BAE Systems set to acquire Marine Hydraulics International

BAE Systems and American Maritime Holdings have entered into a definitive agreement where BAE will acquire Marine Hydraulics International, a marine repair, overhaul and conversion company serving the US Navy, Military Sealift Command, Maritime Administration and commercial ship owners and operators.

Marine Hydraulics International operates a shipyard, pier and waterfront facilities in Norfolk, Virginia, US. It employs around 400 people and, following the acquisition, will be integrated with BAE’s ship repair business.