Boluda Adds Australia and Papua New Guinea Towage as Acquisitions Continue

Boluda Adds Australia and Papua New Guinea Towage as Acquisitions Continue

The Spanish-based Boluda Towage continues its aggressive path of acquisitions to consolidate the towages and global expansion with the acquisition of operations in Australia and Papua New Guinea from Royal Boskalis. The company highlights that the latest deal expands its presence to five continents and consolidates its operations in Asia. The group reports it has acquired the $600 million towage operation based in Australia and Papua New Guinea …

Boluda in $640M acquisition of Boskalis's Australia and Papua New Guinea towage biz

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Boluda buys Boskalis towage arm in Australia and Papua New Guinea for $640m

Spanish towage giant Boluda has struck a $640m deal to acquire Royal Boskalis’ harbour towage and salvage business in Australia and Papua New Guinea, cementing its position as the world’s largest operator in the sector. The takeover hands Boluda operations at key bulk and energy hubs, including Sydney, Melbourne, Brisbane, Newcastle, Gladstone, Perth, and Port …