Boluda Towage has places in 148 ports and operates a fleet of greater than 600 tugboats. Acquisition would add extra places and 111 extra vessels.
In a transfer that may see it emerge as a fair greater worldwide towage chief, the Boluda Towage division of Madrid headquartered Boluda Corporación Marítima stories that it has reached an settlement to accumulate Netherlands-headquartered Smit Lamnalco.
Owned 50/50 by Boskalis Group and Saudi Arabia’s Rezayat Group, Smit Lamnalco employs greater than 1,600 folks and owns 111 vessels. Boluda Towage has places in 148 ports and operates a fleet of greater than 600 tugboats in 50 nations on all continents, with 6,000 workers. The division additionally gives tug and salvage operations on the excessive seas.
The acquisition, which remains to be topic to regulatory approvals in a number of nations, will speed up the enlargement of Boluda Corporación Marítima worldwide, reaching strategic markets the place Smit Lamnalco has a powerful presence resembling Australia, the Middle East, and West Africa.
Vicente Boluda Fos, Chairman of Boluda Corporación Marítima states: “Boluda is a company that has never stopped growing and transforming itself. This new stage is the logical consequence of previous evolutions that, over the last few years, have made us number one in port logistics services and in the towage sector. The industry is at a turning point, impacted by the climate emergency and geopolitical tensions. Shipping is at the center of these issues, facing challenges like never before. As a global leader, we are aware of our responsibilities and we will continue to commit to sustainable development, which benefits society and its development”.
“Smit Lamnalco is a solid company with more than 55 years of operational experience, present in more than 20 countries and with more than 1,600 employees worldwide. I have no doubt that this operation will be fruitful for both parties and especially for our customers who will benefit from a consolidated team, a diversified offer, and a greater capacity for intervention and innovation,” says Vicente Boluda Ceballos, Deputy Chairman at Boluda Towage.
