SAAM completes Intertug acquisition to strengthen Americas towage network

SAAM has completed the acquisition of the remaining 30% stake in Intertug’s operations in Colombia and Mexico, securing full ownership of the subsidiaries.

The transaction, valued at US$30.5 million, gives SAAM complete control of Intertug’s businesses in both countries.

“This is a key step in our growth strategy for 2030,” said SAAM CEO Hernán Gómez.

He added that the acquisition strengthens the company’s regional leadership and supports expansion through an efficient and sustainable operating model.

SAAM first entered the Colombian market in 2021 after acquiring a 70% stake in Intertug.

The company said the transaction closed after receiving regulatory approvals and meeting all required conditions.

Through its towage division, SAAM Towage now operates a fleet of more than 200 tugboats across over 90 ports throughout the Americas.

The fleet conducts more than 155,000 maneuvers annually, supporting container ships, tankers, bulk carriers, Ro-Ro vessels and LNG carriers.

The company said the acquisition further strengthens its strategic position in regional towage markets as it continues pursuing growth targets through 2030.

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