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SUBSTANTIAL EXPANSION SEACONTRACTORS WITH 6 WORKBOATS

SEACONTRACTORS BEHEER B.V. (Seacontractors) has strongly expanded her leading position as maritime service provider with the intention to acquire the activities of six workboats. The so called B-type vessels are part of a division within Koninklijke Boskalis Westminster N.V. It concerns the vessels

Smit Bison, Smit Buffalo, Smit Bronco, Smit Barracuda, Smit Beluga en Smit Bulldog.

Adding this fleet to the existing operations of Seacontractors creates a worlwide leading position with over 20 multipurpose workboats. The acquisition means a firm broadening of Seacontractors’ growth fundament and will strengthen operational synergies as well as international market positions. Along with this an important step is being made in the roll-out of Seacontractors’ strategy towards worldwide leadership in this market segment.

The intended transaction will be executed in mutual cooperation with the involved corporate bodies and will be effected in line with the usual conditions applicable to similar business.