{"id":3807,"date":"2019-10-30T14:10:35","date_gmt":"2019-10-30T14:10:35","guid":{"rendered":"https:\/\/www.saamtowage.com\/sociedad-portuaria-caldera-adelanta-dragado-para-bajar-tiempos-de-espera\/"},"modified":"2022-06-07T15:10:14","modified_gmt":"2022-06-07T15:10:14","slug":"saam-consolidates-its-leadership-in-towage-in-the-americas","status":"publish","type":"post","link":"https:\/\/www.saamtowage.com\/costarica\/blog\/2019\/10\/30\/saam-consolidates-its-leadership-in-towage-in-the-americas\/","title":{"rendered":"SAAM consolidates its leadership in towage in the Americas"},"content":{"rendered":"[vc_row][vc_column][vc_column_text]<\/p>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][quote style=”style-1″]The company closed on its purchase of Boskalis\u2019s stake in their joint operations in Brazil, Mexico, Panama and Canada. At closing, total cash consideration was US$ 194 million. SAAM operates 152 vessels in nine countries in the Americas under a common model and the SAAM Towage brand.[\/quote][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Santiago, October 30th, 2019.\u00a0<\/strong>SAAM, provider of port, logistics and towage services in the Americas, concluded a deal to purchase Boskalis\u2019s interest in the companies\u2019 joint operations for the towage business in Brazil, Mexico, Panama and Canada. After closing this deal, valued at US$ 194 million (equity value at closing), SAAM\u00a0now owns 100% of the operations in those countries.<\/p>\n

\u201cThis is the largest acquisition in our history and a strategic step in moving our business into the future, giving us a single entity providing coverage in the Americas and an attractive position to continue growing within the towage industry,\u201d remarked SAAM\u2019s CEO, Macario Vald\u00e9s.<\/p>\n

He added that in recent months the company has been working to implement a standard model for this business unit which continue to generate synergies and provide a strong position to drive industry consolidation.<\/p>\n

As of the closing of this deal, the company will group all towage operations under one single brand: SAAM Towage. This transaction positions SAAM Towage as the largest tug operator in the Americas and one of the leading operators in the world, with a total fleet of 152 tugs and operations in nine countries.<\/p>\n

SAAM Towage\u2019s fleet performs more than 100 thousand maneuvers each year at over 60 ports. It offers harbor towage services, services for off-shore vessels and positioning and anchorage to oil and gas platforms, as well as salvage support.<\/p>\n

The deal obtained all the necessary regulatory approvals before closing.<\/p>\n

 <\/p>\n

About SAAM<\/em><\/strong><\/p>\n

SAAM is a Chilean-based multinational company that provides international trade services through three business divisions: Port Terminals, Towage and Logistics. With 57 years in business, SAAM has operations in 12 countries in North, Central and South America.<\/em><\/p>\n

Operates 10 Port Terminals in 6 countries.<\/em><\/p>\n

Major towage operator in the Americas with a fleet of 152 tugboats in 9 countries.<\/em><\/p>\n

Warehousing, transport and airline services in 4 countries.<\/em>[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

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