Boskalis, Smit Agree to Merge
The business combination will create a maritime service provider offering an excellent platform for further growth. Boskalis and Smit have agreed that the existing business plans will serve as the basis for the further expansion of the group, and that further growth and development of all ongoing activities will be supported.
Smit’s activities will be continued under the Smit name, operating out of the existing head office in Rotterdam.
The terminals activities of Smit and Boskalis's associate Lamnalco will be integrated, creating a global leader in the maritime oil and gas terminal arena. Activities of the group, including harbor towage, will create synergies in the area of exchanges, procurement and crewing of vessels.