The Dutch company Smit Lamnalco is 50% owned by Boskalis Group and Rezayat Group. It employs more than 1,600 people and owns 111 vessels.

Boluda Towage is a family-owned company with a fleet of more than 600 tugboats in 50 countries in all continents, with 6,000 employees.

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.

Vicente Boluda Fos, chairman of Boluda Corporación Marítima states: ‘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.’

Vicente Boluda Ceballos, deputy chairman at Boluda Towage commented, ‘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.’