Boluda Towage has entered into an agreement wherein it will acquire the business of UK operator SMS Towage.
The acquisition involves taking over SMS Towage's harbour and offshore towage services and marine operations, together with the management, office staff, crew, and fleet, all based in the United Kingdom.
SMS was established in 1992 and was initially involved in ship management. The company shifted its focus to towage operations in 2002.
SMS currently operates in the UK ports/regions of, Tyne, Tees, Humber, Portsmouth, South Wales, and Belfast with a fleet of 20 tugs.
The addition of SMS will expand the presence of Boluda Towage in the UK. The latter is already operating in the ports of Invergordon (Cromarty Firth), London, Liverpool, and Southampton.
After the official closing of the transaction, SMS will be part of Boluda Towage's organisation in the United Kingdom and will start operating under the brand name Boluda Towage SMS. The local management team of Boluda Towage SMS will report to Philip Dulson, General Manager of Boluda Towage in the UK.
