Grupo TMM acquires SEACOR's stake in Mexican supply ship JVNews // March 9, 2006
Grupo TMM SA and SEACOR Holdings have announced that Grupo TMM has acquired SEACOR's 40 per cent interest in Maritima Mexicana SA de CV (Marmex), a joint venture (JV) company that provides offshore support vessels services in Mexico's Gulf Coast.
Grupo TMM has also purchased five offshore vessels owned by SEACOR and has put them under the Mexican flag.
The vessels are working under time charter contracts supporting offshore exploration and production activity in the Gulf of Mexico.
The aggregate value of the transactions is approximately US$57.0 million.
In a statement, Grupo TMM and SEACOR said they intend to "maintain good relations in pursuing future business opportunities in the offshore Mexican market."
Headquartered in Mexico City, TMM is a Latin American multimodal transportation company. TMM provides a combination of ocean and land transportation services. For more details about the company, see www.grupotmm.com.