MSC has announced that through its subsidiary SAS Shipping Agencies Services Sàrl, it has agreed to acquire 100% of the share capital of Rimorchiatori Mediterranei S.p.A, says an article published on Trans.info.
Drive towage service
Rimorchiatori Mediterranei S.p.A are an international towage operator active in Italy, Malta, Singapore, Malaysia, Norway, Greece and Colombia.
Competition authorities
MSC says that following the acquisition, it will seek to further drive towage service efficiency across all Rimorchiatori Mediterranei’s operations.
Completion of the deal remains subject to the receipt of approvals, including from the relevant competition authorities, and the deal terms have not been disclosed.
Next phase for growth
Commenting on the deal, Diego Aponte, MSC Group President, said:
“We are very pleased to be able to become part of the exciting next phase for growth and improvement at Rimorchiatori Mediterranei and we look forward to continuing to expand the business, building on the impressive work of the families that developed the company these past 100 years.”
Ideal investor
Gregorio Gavarone, Executive President of Rimorchiatori Riuniti, added:
“We believe Rimorchiatori Riuniti, together with DWS, has done an incredible job over the past few years to support Rimorchiatori Mediterranei in becoming one of the leading towage companies in the world. Thanks to its global network in shipping and port operations, we think MSC is going to be the ideal investor to accompany Rimorchiatori Mediterranei towards its next growth chapter.”
Harbour towage sector
Hamish Mackenzie, Head of Infrastructure at DWS, also commented:
“The evolution of Rimorchiatori Mediterranei has been a considerable success story for DWS; we are grateful for the strategic partnership we developed with Rimorchiatori Riuniti and its shareholders, and we are proud to have supported our industrial partner in managing and growing Rimorchiatori Mediterranei to become one of the global leaders in the harbour towage sector.”
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Source: trans.info
