Independent journal on economy and transport policy
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Royal Boskalis Westminster will buy the activities of dredging of the Strabag
transazioneavrà a value of 70 million euros
January 4, 2016
The Dutch group Royal Boskalis Westminster has signed an agreement with the Strabag Austrian IF in order to acquire the activities of dredging and the assets of the branch Strabag Wasserbau GmbH, company - previously called Josef Möbius Bau - GmbH - that it has center to Amburgo and that is leader in Germany in the field of the dredgings.
The transaction, that it is limited to the acquisition of the equipments and means, constituted mainly from two dredges aspirants and four barges, of the staff and two maintenance contracts, will have a value of 70 million euros. According to the forecasts, the acquisition will be capacity to term in the course of the first trimester of this year.
Strabag Wasserbau has a annual turnover of about 50 million euros. The group Royal Boskalis Westminster is active in the fields of the services of harbor tug and marine rescue and of the services to the offshore industry and has also a division that takes care of dredging activity, of construction and maintenance of harbour infrastructures and defense, reclamation and safeguard of coastal areas. In the 2014 this last division it has recorded revenues for 1,66 billion euros, that is 53% about of the entire turnover of the Dutch group.
Royal Boskalis Westminster has emphasized that with the acquisition of the Strabag Wasserbau the Dutch group will moreover strengthen own position in the German market and, with the acquisition of the two dredges aspirants, the group will satisfy the necessity to renew own fleet in the means segment of the ability comprised between 6.000 and 9.000 cubic metres. Boskalis in fact has announced that, in consideration of this acquisition and of the current conditions of the market, in the course of 2016 a series of means and equipments for the dredging activities will place service outside.
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The Dutch group Royal Boskalis Westminster has signed an agreement with the Strabag Austrian IF in order to acquire the activities of dredging and the assets of the branch Strabag Wasserbau GmbH, company - previously called Josef Möbius Bau - GmbH - that it has center to Amburgo and that is leader in Germany in the field of the dredgings.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
