Merger News

Boluda to Acquire Smit Lamnalco, Tugboat Fleet to Top 600

Boluda Corporación Marítima, through its Boluda Towage division, has reached an agreement to acquire Smit Lamnalco, the world's fifth-largest towage operator.With the acquisition of Smit Lamnalco, Boluda Towage will boast a fleet of 600 tugboats with its tendrils reaching 50 countries and 148 ports around the world.Smit Lamnalco is 50% owned by Boskalis Group and Rezayat Group currently employing more than 1,600 people and owning 111 vessels."Boluda is a company that has never stopped growing and transforming itself," said Vicente Boluda Fos, Chairman of Boluda Corporación Marítima.