Myton Law has advised work boat operator East Coast Charters Ltd on a £1.6 million vessel acquisition. The Hull-based specialist shipping, transport and logistics law firm was instructed by East Coast Charters to act in the purchase and financing of the newly-built ECC Challenger, which adds to the company’s fleet of multipurpose workboats providing marine [...]
April 26, 2013 | Posted in
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Reference is made to the press release of 20 March 2013, whereby it was announced that Boskalis Holding B.V. (the Offeror), a wholly-owned subsidiary of Royal Boskalis Westminster N.V. (Boskalis), had initiated a compulsory acquisition of shares under Section 103 of the Bermuda Companies Act to acquire all remaining shares in Dockwise Ltd (Dockwise) not [...]
April 24, 2013 | Posted in
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Trelleborg has, through its business area Trelleborg Offshore & Construction, signed an agreement and finalized the acquisition of the U.K. company Ambler Technologies Ltd. The company develops and produces composite materials that create strictly specified buoyancy and insulation properties in applications used primarily in deep-sea environments. The acquisition provides Trelleborg with access to cutting-edge expertise [...]
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced today that it agreed to acquire five MR2 product tankers for an aggregate purchase price of approximately $143.8 million. Two of the vessels are 2007-built MR2 product tankers of about 51,000 dwt each with expected delivery in June 2013. The purchase price for [...]
April 3, 2013 | Posted in
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ABB, a global leader in electric power and automation, today completed its acquisition of San Diego-based APS Technology Group (APS). The acquisition, announced February 11, adds optical character recognition (OCR) and gate automation capabilities to further improve safety, productivity and efficiency of port operations as containerized shipping grows worldwide. APS, an 11-year-old, 50-person company with [...]
WorleyParsons announced the successful completion of the acquisition of 100% of the shares of Bergen Group Rosenberg AS on 28 February 2013. Previously, on 21th February, WorleyParsons has announced an agreement to acquire 100% of the shares of Bergen Group Rosenberg AS (“Rosenberg”) for a cash consideration of NOK 1,088m (including more than NOK 200m [...]
March 1, 2013 | Posted in
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SKF’s acquisition of German-based ship components provider Blohm + Voss Industries (BVI) has been approved by the relevant authorities and is now closed. SKF paid around EUR 80 Mln (approx $107.2 Mln) for 100% of the equity of BVI and assumed net loans of EUR 18 Mln. Blohm + Voss Industries is a leading manufacturer [...]
Drew Marine announced yesterday the completion of the acquisition of Alexander/Ryan Marine & Safety and Sea Technology. Alexander/Ryan is a leading manufacturer, distributor and safety certification provider for the Offshore and Marine industries. The company is headquartered in Houston, Texas with operations in New Orleans and New Iberia, Louisiana. The company is a distributor of [...]
February 5, 2013 | Posted in
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With reference to the press release of 30 January 2013, in which Boskalis announced its decision to make an all cash mandatory public offer for all the issued and outstanding ordinary shares of Dockwise at a price of EUR 18.50 per share cum dividend, which equals NOK 137 as per the date of this announcement, [...]
Fincantieri, through its wholly owned subsidiary Fincantieri Oil & Gas S.p.A., has successfully completed the acquisition of 50.75% of STX OSV from STX Europe, at a price of SGD 1.22 per share, totalling approximately Euro 455 million (approximately SGD 730 million). In compliance with the rules of the Singapore Code on Take-overs and Mergers, Fincantieri [...]
January 23, 2013 | Posted in
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