PSA Marine has expanded its global footprint into South America with the acquisition of a Peruvian towage company.
The Singapore company said it had acquired Lima-headquartered Tramarsa Flota from the Grupo Romero. Financial terms were not disclosed.
The stock purchase agreement was signed by PSA Marine managing director Peter Chew and Marco Peschiera, chief executive of Inversiones Piuranas and Grupo Piurano de Inversiones.
