MSC to buy Italian towage operator

MSC to buy Italian towage operator

MSC Mediterranean Shipping Company SA (MSC), through its wholly owned subsidiary SAS Shipping Agencies Services Sàrl, has agreed to acquire 100 per cent of the share capital of towage operator Rimorchiatori Mediterranei S.p.A.

The purchase will be conducted from Rimorchiatori Riuniti and a fund managed by DWS’s Infrastructure Investment business.

Completion remains subject to the receipt of approvals, including from the relevant competition authorities.

Deal terms have not been disclosed.

“We are very pleased to be able to become part of the exciting next phase for growth and improvement at Rimorchiatori Mediterranei and we look forward to continuing to expand the business, building on the impressive work of the families that developed the company these past 100 years,” said Diego Aponte, MSC Group President.

READ: MSC to receive world’s largest containership

Rimorchiatori Mediterranei is active in Italy, Malta, Singapore, Malaysia, Norway, Greece and Colombia.

“We believe Rimorchiatori Riuniti, together with DWS, has done an incredible job over the past few years to support Rimorchiatori Mediterranei in becoming one of the leading towage companies in the world,” commented Gregorio Gavarone, Executive President of Rimorchiatori Riuniti.

“Thanks to its global network in shipping and port operations, we think MSC is going to be the ideal investor to accompany Rimorchiatori Mediterranei towards its next growth chapter.”

Last month, MSC started developing a new air cargo segment as a complementary service to its container shipping solutions.

MSC Air Cargo has been under development for several months and the new solution will be available from early 2023.

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