Smit Lamnalco buys PB Towage (Australia)

Royal Boskalis Westminster N.V. announces that Smit Lamnalco, a 50% owned subsidiary, has strengthened its footlhold in Australia through the acquisition of PB Towage Australia (PB Towage).

According to Boskalis, PB Towage is the second largest player in Australia with activities along the Eastern coast stretching from Melbourne to the Cape York Peninsula.

Following this transaction, Smit Lamnalco will be active in 8 ports in Australia with a total of 29 vessels offering a combination of harbour towage, terminal and FPSO-related services.

“The acquisition follows the Boskalis strategy to develop its position in the towage market through partnerships such as Smit Lamnalco and to grow through regional consolidation opportunities. For Smit Lamnalco, this acquisition will create opportunities to achieve market synergies for its existing activities in the region,” Boskalis said in a statement.

Smit Lamnalco CEO Daan Koornneef said: “We are excited by the acquisition of PB Towage Australia, the second largest player in the country, which will enable the expansion of our footprint into Australia. Smit Lamnalco will be active in eight ports in Australia with a total of 29 vessels offering a combination of harbour towage, terminal and FPSO-related services. PBTA and Smit Lamnalco share the same safety, quality and customer-focused values which will ensure a good fit and smooth transition. We look forward to welcoming to our group PBTA’s team of experienced staff and crew, and to offering continued excellent service to PBTA’s customers – current and new.”