ASL Marine Group Buys Out Vosta & CFT
Vosta LMG Group of Companies & CFT International acquired by ASL Marine Group subsidiary Leo Dynamische Investering BV.
Vosta LMG’s business is complementary to the Group’s current business segments of shipbuilding, ship repair and conversion and ship chartering. Apart from synergies to be derived on many aspects of the operations and increasing the scope of services to include design and engineering, the Group is also able to strengthen their geographical presence by tapping on Vosta LMG’s existing customer base through their offices in the Netherlands, Germany, UAE, India, Singapore, China and the USA.
It is the Group’s strategy to maintain independent and normal business operations at Vosta LMG post acquisition. Vosta LMG does not own shipyards or fabrication plants. Therefore, it works with various shipyards and fabrication plants on its turnkey projects. However, the acquisition will not result in all Vosta LMG’s projects to be undertaken at the Group’s shipyards. The selection of the yard will be dependent of price, quality, and client preference.
In the photo: From left to right: Mr. K.T. Ang, ASL Marine Group Managing Director & Mr. R. Dietze CEO Vosta LMG