AMSOL acquisition of SMIT Amandla Marine - Media Statement 01 December 2016

SMIT Amandla Marine, a market leader in the provision of specialist marine solutions in the Southern African region, has been acquired by African Marine Solutions Group (AMSOL), owned by a consortium including SMIT Amandla Marine management and employees, the Mineworkers Investment Company, Pan-African Capital Holdings and RMB Ventures. According to AMSOL Managing Director Paul Maclons, who joined SMIT Amandla Marine in 2004, the business opportunity for a management buyout was the catalyst for this transaction. “We are excited to build a great South African company and to remain relevant to our clients in the Energy, Mining, Ports and Maritime sectors into the future.”