Smit Acquires URS

Tuesday, June 24, 2003
Smit Internationale has completed the acquisition of Unie van Redding- en Sleepdienst (URS) from Bofort N.V., Antwerp. The agreement is subject to the customary due diligence investigations. SMIT acquired Bofort's 50.1 percent share in Unie van Redding- en Sleepdienst (URS), Antwerp. SMIT already has a minority interest of 49.9 percent in URS and will as a consequence of this transaction acquire the entire share capital of URS. URS is a supplier of towage, salvage and transport services on the Scheldt river and in and around the Belgian waters. The transaction is the first step of the implementation of the strategic re-orientation during which all participations have been assessed on management control, strategic fit and synergies within the SMIT group. Through this transaction SMIT will gain management control of an operation that fits well in the portfolio of SMIT's core-activities.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Salvage

Stranded Virginia Beach Bulker Salvage Plan Set

The Coast Guard advises it is in the final stages of reviewing a salvage plan that is scheduled to begin Friday morning to move the 751-foot bulk carrier, 'Ornak',

Obama Offers US Aid to S.Korea Following Ferry Accident

U.S. President Barack Obama on Thursday expressed condolences to the families of the victims of the South Korean ferry sinking and said the U.S. military will provide

USCG Responds to Vessel Fire

The U.S. Coast Guard (USCG) reported it is responding to a report of a vessel that caught fire and became disabled with two men and a dog aboard south of the McCormick

 
 
Maritime Careers / Shipboard Positions Maritime Security Offshore Oil Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1861 sec (5 req/sec)