mergers and acquisitions

Rand Logistics to buy American Steamship

GATX Corporation (NYSE:GATX) today announced that it has entered into a stock purchase agreement for the sale of its American Steamship Company (ASC) business to Rand Logistics, Inc. for a purchase price

Hornblower enters the U.K. tour boat market

Chicago-based Hornblower Cruises & Events has completed its purchase of City Cruises, the U.K.’s biggest tour boat operator. The milestone deal extends the Hornblower Group’s international footprint into the U.K. market for

Cadmatic makes strategic acquisition

Turku, Finland, based Cadmatic Ltd has acquired another Finnish software company, Kymdata Ltd. The strategic acquisition expands Cadmatic’s product portfolio and includes the entire share capital as well as IPRs to all

Boluda closes Kotug Smit Towage acquisition

Boluda Towage, the towing division of Spain’s Boluda Corporación Marítima, has successfully closed the acquisition of the Dutch company Kotug Smit Towage. The transaction strengthens Boluda’s position as leading operator in Europe,

  • News

BW Group takes majority stake in Epic Gas

Andreas Sohmen-Pao’s BW Group is on the acquisition trail again. Today it reported that it hadpurchased a 54.7% stake Epic Gas from key shareholders and launched an unconditional tender offer to acquire

  • News

Korea shipbuilding mega merger hits a snag

A much ballyhooed potential merger of Korean shipbuilding giants Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) has run into a snag. Unionized workers at both shipbuilders are determined to