ASL Marine Holdings, the integrated marine company offering comprehensive services in shipbuilding, shiprepair and conversion and shipchartering, said it has agreed to purchase of all the issued and outstanding shares of Vosta LMG for a cash consideration of €5.1 million.
The acquisition consideration amounting to $8 million will be wholly satisfied in cash and funded by internal resources.
Vosta LMG is a leading international dredging engineering and contracting company with more than 140 years of history in providing specialised and tailor-made solutions to the world’s dredging industry. Vosta LMG owns several important patents.
With the acquisition, the group has successfully scaled the industry value chain, moving into the high barrier to entry services of design & engineering and research & development.
Vosta LMG’s business is complementary to the group’s current business segments of shipbuilding, shiprepair and conversion and shipchartering.
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