Boluda Towage to acquire Smit Lamnalco

General – Towage

Boluda Towage has reached an agreement to acquire Smit Lamnalco, the world’s fifth-largest towage operator.

Boluda Towage will thus become a world leader, with the capacity to further consolidate the sector, with a fleet of 600 tugboats and an intervention capacity in 50 countries and 148 ports around the world.

This operation will enable the company to strengthen its presence in strategic markets such as Australia, the Middle East, and West Africa, with a presence in 50 countries.

The Dutch company Smit Lamnalco is 50% owned by Boskalis Group and 50% by Rezayat Group. It employs more than 1,600 people and owns 111 vessels. It is a reference in towage services for port terminals with a global and diversified customer base in the LNG, tanker, and bulk segments.

This acquisition, which is still subject to regulatory approvals in several countries, confirms the expansion of Boluda Corporación Marítima worldwide, reaching strategic markets where Smit Lamnalco has a strong presence such as Australia, the Middle East, and West Africa.

Original Source: https://ocean-energyresources.com/2023/02/10/boluda-towage-to-acquire-smit-lamnalco/