Get Adobe Flash player
Home

SMIT AMANDLA MARINE SOLD TO CONSORTIUM

SMIT Amandla Marine, a provider 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 who own 12%; black owned investment companies, the Mineworkers Investment Company and Pan-African Capital Holdings; and RMB Ventures, a private equity company within the FirstRand Group.

According to Managing Director, Paul Maclons, who joined SMIT Amandla Marine in 2004, the business opportunity for a management buyout was the catalyst for this transaction.The sale of the business to AMSOL is in line with a stated commitment by shareholders to capacitate the company over time and return it to 100% South African ownership.

SMIT Amandla Marine will transition to the AMSOL brand by the end of 2016.