Boskalis completes sale of Dockwise Yacht Transport activities

Papendrecht, 18 October 2013

Royal Boskalis Westminster N.V. (Boskalis) has successfully completed the sale of the activities of Dockwise Yacht Transport (DYT). These activities are to be transferred to Sevenstar Yacht Transport B.V. based in Amsterdam, the Netherlands.

With the acquisition of Dockwise in March 2013, Boskalis also acquired the activities of Dockwise Yacht Transport (DYT). DYT's core business is the transatlantic migration of luxury yachts between Florida, the Caribbean and the Mediterranean.

For Boskalis, these activities have no strategic value and do not fit with the group's existing core business. Boskalis sold the DYT activities including 2 dedicated semi-submersible yacht transport vessels (Super Servant 4 and Yacht Express) for a total consideration of USD 40 million.

This divestment will not have a material impact on Boskalis earnings.

Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world with the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. In addition, Boskalis offers a wide variety of marine services and contracting for the offshore energy sector including subsea, heavy transport, lifting and installation (through Boskalis Offshore and Dockwise) and towage and salvage (through SMIT). It also has a strategic partnership in terminal services (Smit Lamnalco). With a versatile fleet of over 1,100 units Boskalis operates in around 75 countries across six continents. Including its share in partnerships, Boskalis has more than 11,000 employees.

Royal Boskalis Westminster NV, press release