Spanish marine services company Boluda Corporacion Maritima, through its Boluda Towage division, has entered into an agreement to acquire Netherlands-based towage operator Smit Lamnalco.
The acquisition will include Smit Lamnalco's fleet of 111 vessels, bringing Boluda's total towage and salvage fleet to over 600 operating in 50 countries. It will also allow Boluda to expand into markets where Smit Lamnalco has a strong presence such as Australia, the Middle East, and West Africa.
The transaction is still subject to regulatory approval in several countries.
