Austal USA buys Electrawatch

Littoral Combat Ship manufacturer Austal USA announced today it has bought Charlottesville, VA-based ElectraWatch in an all-cash stock purchase.

Electrawatch, which develops and deploys portable probe devices that help maintain aluminum structures, "will remain a standalone business, part of the Austal USA portfolio," a company statement reads.

"The combination of ElectraWatch patented technology along with Austal USA's advanced ship manufacturing and sustainment expertise reinforces the company's position as an industry leader to efficiently support the aggressive shipbuilding and sustainment requirements from our U.S. Navy customer," Austal USA President Craig Perciavalle said in the statement.