Boskalis acquires Fairmount Marine & Towage Companies

Published at 02:30PM - 03/03/14

Royal Boskalis Westminster N.V. (Boskalis), the leading global maritime services company who amongst other things is currently involved with the Costa Concordia salvage through its sister company SMIT, has announced that agreement has been reached on acquisition of both Fairmount Marine B.V. and Fairmount Ocean Towage Company B.V. (Fairmount) from the French group Louis Dreyfus Armateurs.  The transaction values the company at an average multiple of approximately 6 times EBITDA.

The acquisition complements Boskalis fleet by adding long distance towing vessels and five 205 ton bollard pull towing vessels all with anchor handling capabilities.

It’s hoped that the expanded fleet with the addition of the ocean going anchor handling tugs (AHTs) will allow Boskalis to expand its positions in both offshore energy and salvage industries further.

Last updated on 05:10PM - 19/04/14