Reunited Tugs will buy Augustan Marine Enterprises and of Spa Rescues



The Italian shipowning societies Reunited Tugs and Augustan Holding have announced that they will finalize a fusion agreement in the next few days. The operation previews the acquisition by genoese the Reunited Tugs of 100% of the capital of Augustan Marine Enterprises and Spa Rescues, the Augustan society of Holding that carries out activity of towing in the ports of Augusta and Syracuse, that they constitute the first Italian oil port, let alone to Catania and Pozzallo, using 16 tugs in property. Through the society controlled mainly carries out also activity of towing of height in the Mediterranean with other four tugs and at last it exercises activity of harbor tug, within a consortium, with two means that operate near one of the greater carbon terminals in Colombia, that they will continue to being operated in joint venture with Augustan under the direction of Raffaele Zagari.

With this operation the group Reunited Tugs, than already work to Genoa and Salerno and Malta let alone, through the Gesmar subsidiary, participated to 50% from the Vitiello family, to Ravenna, Ancona, Pescara, Termoli, Ortona, Vasto and at last also to Trieste, through joint venture joint with the Ocean of the family Cattaruzza, confirmation the first Italian operator and of the Mediterranean with a fleet of a hundred of tugs.

In a note it is specified that the cession will allow with the group Augustan to concentrate own activity in the armament of ships to dry cargo, where already today has a fleet of joint venture relief also through with operating head physicians of field, as the Oceanbulk group, let alone with partner industrial as Bunge and financial as York Capital. Moreover the Neapolitan group has a role of relief also in the oceanic transport with a modern fleet of tugs.

"We know the Zagari family very many years - has remembered the managing director of Reunited Tugs, Gregorio Gavarone - and beyond to a strait relationship of professional collaboration a solid joined personal friendship to a deep mutual respect exists. We are therefore many satisfying of the reached understanding that as well as to join to us in an anchor tightened collaboration more it affords to both groups to grow in important way in the respective Cores business".

"We are happy - the managing director of the Augustan group has declared, Raffaele Zagari - than the activities of harbor tug, that they have constituted the foundation on which my grandfather constituted 60 years the Augustan one ago, child's step now in the hands of an asserted group and with a deep experience and professionality in the field. The esteem regarding the families Gavarone and Delle Piane has returned the cession operation possible in the belief that the group from they guided represents the best possibility than organic increase of the activity of towing in Italy in the track of the values always persecuted by the shareholders of Augustan. The Augustan group - it has specified Zagari - will continue to being they partner in the terminalistiche activities in Colombia, market from which we expect great satisfactions in future. The proposal advanced from the group Reunited Tugs, that we have analyzed also with the support of ours advisor Leonardo & Co. it allows us to strengthen our strategy, heading to a greater presence a lot in the oceanic transport that in the field dry bulk, investing in some of numerous and the interesting opportunity that the crisis of the last years is making to emerge".

We remember that last September the Augustan group had announced an understanding with the Italian shipowning societies Cafimar and Scafi in order to melt the respective activities in the segments of the towing and the harbour services under the only Italtugs brand ( on 24 September 2015).