This site uses technical, analytics and third-party cookies.
By continuing to browse, you accept the use of cookies.

Preferences cookies

The Genoese Rimorchiatori Mediterranei (Rm) buys two companies in Singapore and Malaysia, investing over 98USD

The operation conducted by the Genoese Rimorchiamotori Mediterranei has allowed the company to become the third-largest port towage operator in the world.

After several acquisitions completed in the last ten years in Italy, Greece, Malta, Colombia, and Norway which made it a leader in the Mediterranean, and the recent sale of the Brazilian company of Tugboats, the transaction represents «a milestone in the implementation of the strategy of growth and internationalization of Rm that with the acquisition of Kst and Maju, the group will become one of the main suppliers of towing services in Southeast Asia ».

The Italian group, 65% owned by Rimorchiatori Riuniti (headed by the Gavarone and Delle Piane families) and 35% by Dws Infrastructure, has signed an agreement with Smit Singapore (Boskalis) and Ks Investments (Keppel) for the purchase of 100% of Keppel Smit Towage (Kst) and Maju Maritime, two of the largest providers of port towage services in Singapore and Malaysia. The operation will be completed in the first half of 2022, subject to approval by the regulatory authorities of Singapore. The RM company will employ over 1,400 employees, a fleet of 160 tugs, operating in three different continents (South America, Europe, and Asia), and about 30 ports.