A Dutch dredging company has made offers in November and December to buy Dockwise Ltd. It has also bought about 33 percent of its shares, according to news reports.
The unsolicited offer by Royal Boskalis Westminster N.V. — which values Dockwise’s equity at 690 million euros, according to the Financial Times — is likely to go through early this year.
Boskalis is the world’s largest dredger with 2.8 billion euros in revenues in 2011. Dockwise, parent company of Dockwise Yacht Transport, operates the world’s biggest heavy-lift ships for moving drilling platforms and other infrastructure.
It was unclear how the Dockwise’s yacht division would be impacted by a sale.