Chilean towage operator Saam has confirmed the final closing of the deal to purchase 30 per cent of Intertug’s companies operating in Colombia and Mexico, giving it 100 per cent ownership of those subsidiaries.
"By closing this deal, we are consolidating our leadership in the region," said Hernán Gómez, CEO of Saam. "Our goal is to expand our geographic presence through an efficient, flexible and sustainable operating model that stands out for its excellence in an industry critical to global trade."
Announced last October, the transaction—an investment of US$30.5 million—was finalised after meeting the stipulated deadlines and obtaining the necessary regulatory approvals.
Saam acquired a stake in Intertug in 2021 with an initial purchase of 70 per cent, thus marking Saam's entry into the Colombian market and complementing its presence in Mexico.
Through its towage division, Saam now operates one of the world’s largest towage networks, with a fleet of over 200 tugs serving more than 90 ports across the Americas.