Spanish firm sails ahead with €545 million

News Snapshot:

Boluda Towage, the towage and salvage division of Spain’s Boluda Corporación Marítima, has completed a major acquisition that further strengthens its position as a global leader in the maritime sector. The company has purchased the towage and maritime salvage division of Dutch firm Royal Boskalis in Australia and Papua New Guinea. The transaction is valued at $640 million (€545 million). With this deal, Boluda Towage expands its footprint in Asia, where it already operates in Hong Kong, Singapore, Malaysia and Timor-Leste. 850 vessels, tugs and salvage ships According to a statement from the company, chaired by Vicente Boluda Fos, the...