Latest news from Heavy Lift & Project Forwarding International Magazine

Boskalis to sell Kotug Smit

Royal Boskalis Westminster and Kotug International have signed a letter of intent (LOI) to sell its joint venture Kotug Smit Towage to the Boluda Group.

Photo credit: Kotug Smit Towage

Under the terms of the LOI, Kotug Smit Towage is valued at EUR300 million (USD340 million). Boskalis said that it expects to receive approximately EUR90 million (USD102 million) in cash for its 50 percent stake in the company.

The deal is subject to customary conditions, including approval from regulatory agencies. The transaction is expected to close in the second half of 2019.

www.kotugsmit.eu

www.boluda.com.es

www.kotug.com

boskalis.com

Heavy Lift | News

Bishop takes AWRS thumbnail image

Bishop takes AWRS

July 18 - Bishop Lifting Products has completed the acquisition of American Wire Rope & Sling (AWRS), a leading provider of rigging, lifting and overhead crane solutions.
Views: 296
Buss Group in SSC takeover thumbnail image

Buss Group in SSC takeover

July 8 - Buss Group has acquired SSC Wind – a technical services provider to the wind energy sector.
Views: 1226
Mammoet in advanced acquisition talks with ALE thumbnail image

Mammoet in advanced acquisition talks with ALE

July 8 - Mammoet has confirmed that it is in advanced discussions with ALE regarding a purchase agreement, under which Mammoet will acquire the UK-headquartered heavy lift and specialist transport provider.
Views: 8894

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.