Macroinvest and JBR advise on acquisition of Tramarsa Flota

17 February 2020 2 min. read

Peru-based Tramarsa Flota has been fully acquired by PSA Marine, a global counterpart headquartered in Singapore.

Since founding in 1995 in Lima, Grupo Romero subsidiary Tramarsa Flota has grown into one Peru’s leading port services companies. The firm provides towage, pilotage, launch boat and offshore services to the country’s ten major ports, realised through a 45-strong fleet comprising 17 tugs, 23 launches and 5 support vessels for diving activities and other marine services.

Commenting on the joining of forces with PSA Marine, Enrique Andres Tarazona Soria, the managing director of Tramarsa Flota, said: “We are excited to become part of the PSA Marine family.” He added that leveraging PSA Marine’s global footprint and deep industry expertise will enable the firm to “maintain a strong foothold in maritime operations along the Peruvian coastline” and to “deliver the best services” possible.

For PSA Marine, a subsidiary of global terminal operator PSA (39 terminals in 18 countries) that specialises in harbour and terminal towage operator, as well as pilotage services, the deal marks its entry into the Peruvian and Latin American market. 

Peru’s Tramarsa Flota joins Singapore’s PSA Marine

Leading PSA Marine managing director Peter Chew to state: “This strategic move strengthens our international towage and pilotage network. It is an exciting milestone and I look forward to what we can deliver together as one company.”

The combination now sees PSA Marine own and operate more than 100 harbour craft, including 70 tugs. Its on the ground footprint has been extended to seven markets: alongside flagship market Singapore and Peru these are Bangladesh, China, Hong Kong, India and Oman. 

As part of the integration – financial terms and conditions have not been disclosed – Tramarsa Flota’s team of 600 professionals including leader Enrique Andres Tarazona Soria will transfer to PSA Marine. 

The cross-border deal was advised on by Netherlands-based JBR and Peru-based Macroinvest, two corporate finance firms member of the Global M&A alliance. The duo served as exclusive M&A advisor to Tramarsa Flota and Grupo Romero during the entire sale process. The deal team consisted of Kees van Biert and Rick ter Maat (JBR) and Mateo Moyrera, Manuel Salazar, Licia Vergara and Renzo Tangherlini (Macroinvest).

The transaction comes two months after PSA Marine signed a letter of intent with technology group Wartsila to jointly develop smart technology for the marine sector.