Adani Ports and Special Economic Zone Ltd., a leading Indian ports and logistics company, announced on Friday its agreement to acquire a controlling stake in Astro Offshore. This $185 million cash deal will grant Adani Ports an 80% stake in the offshore support vessel operator, with the transaction expected to close within a month.
Strategic Move to Enhance Global Marine Footprint
The acquisition of Astro Offshore is a significant step in Adani Ports’ strategy to expand its global marine operations. Ashwani Gupta, CEO and Whole-Time Director of Adani Ports and Special Economic Zone, emphasized the importance of this acquisition in the company’s growth plan. “Astro’s acquisition is part of our roadmap to becoming one of the world’s largest marine operators,” Gupta stated. “The acquisition will also give us access to an impressive roster of Tier-1 customers while further consolidating our footprint across the Arabian Gulf, the Indian subcontinent, and Far East Asia.”
Adani Ports $185M Stake In Astro Offshore : Astro Offshore’s Expertise and Fleet
Founded in 2009, Astro Offshore operates in key regions such as the Middle East, India, Far East Asia, and Africa. The company boasts a fleet of 26 offshore support vessels, including anchor handling tugs, flat top barges, multipurpose support vessels, and workboats. In addition to vessel operations, Astro provides vessel management and complementary services, making it a comprehensive player in the offshore support industry.
