MEO has agreed to purchase all of Svitzer's shares in Uniwise Towage for $18.9m. Uniwise Towage has been operating since 1999 as a joint venture between Svitzer and Unithai Group, MEO's existing joint venture partner in Uniwise Offshore.
“This acquisition is a natural extension of the position we have built up in Thailand in offshore vessel support services,” said Diederik de Boer, ceo of MEO. “The integration of Uniwise Offshore and Uniwise Towage will be seamless given that the two businesses already share office space and resources.”
Uniwise Towage operates a fleet of five marine support vessels and utility vessels supporting tanker lifting, static tow, drilling rig activities, anchor handling, and other services.
The vessels are all chartered long term to oil companies in Thailand.
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