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Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator, has acquired an 80% stake in Astro Offshore, a prominent global operator of Offshore Support Vessels (OSVs). The strategic acquisition, valued at USD 185 million, marks a significant expansion of APSEZ’s footprint in the offshore logistics sector, aligning with its broader strategy to diversify and strengthen its global operations.
Astro Offshore, headquartered in Singapore, has established itself as a key player in the OSV industry, providing essential services to the offshore oil and gas sectors worldwide. The company’s fleet, which includes platform supply vessels, anchor-handling tug supply vessels, and other specialized support vessels, is instrumental in offshore exploration and production activities. By acquiring a controlling interest in Astro Offshore, APSEZ aims to leverage this expertise to enhance its service offerings in the offshore logistics space.
The acquisition is expected to bolster APSEZ’s capabilities in providing integrated logistics solutions, particularly in the offshore energy sector. As global energy demand continues to rise, the offshore sector is poised for significant growth, and APSEZ’s expanded presence in this market will enable the company to capitalize on emerging opportunities. This move also aligns with APSEZ’s strategic vision of becoming a leading player in global logistics, with a focus on high-growth sectors and regions.
With regulatory approvals pending, the transaction is anticipated to be finalized by the end of the fiscal year. APSEZ’s acquisition of Astro Offshore follows a series of strategic investments aimed at expanding its global operations, including recent acquisitions in port and logistics infrastructure across Asia and Africa. The company’s aggressive expansion strategy reflects its commitment to building a robust global logistics network that can support the evolving needs of its clients.