Smit International: Difference between revisions

| name = Smit Internationale N.V.

| logo = Smit International.svg

| logo_size = 125px

| type = [[Subsidiary|Wholly owned subsidiary]]

[[Image:Liverpool docks 2018.jpg|thumb|Smit tugs in Liverpoolthe port[[Port of Liverpool]]]]

After a merger in 1923 with Internationale Sleepdienst, the name was changed to "L. Smit & Co.'s Internationale Sleepdienst". Formerly listed at the [[Euronext|NYSE Euronext]] stock exchange in [[Amsterdam]], the company was fully acquired by [[Royal Boskalis Westminster]] in 2010.<ref name=Giovanni>{{cite web|url=http://www.smit.com/sitefactor/page.asp?pageid=560 |title=Smit's World-History |access-date=4 October 2011 |url-status=dead |archive-url=https://web.archive.org/web/20120208180641/http://www.smit.com/sitefactor/page.asp?pageID=560 |archive-date=8 February 2012 }}</ref>

Dutch marine engineer [[Royal Boskalis Westminster|Boskalis]] made an indicative €1.11 billion [[Mergers and acquisitions|takeover offer]] for Smit on 15 September 2008.<ref>{{cite news|last=Kreijger|first=Gilbert|author2=ten Wolde, Harro|url=http://uk.reuters.com/article/idUKLF66335620080915|title=Boskalis plans 1.1 bln euro bid for Smit|date=15 September 2008|work=[[Reuters]]|accessdate=1 October 2010}}</ref> Despite the offer being promptly rejected by Smit's board, Boskalis subsequently built a stake of over 25% in the firm<ref>{{cite news|url=http://uk.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUKL226998020090202?sp=true|title=Boskalis ups stake in Smit, could buy more shares|last=Gray-Block|first=Aaron|date=2 February 2009|work=[[Reuters]]|accessdate=2009-05-30}}</ref> and expressed a continuing desire to buy a number of its business units.<ref>{{cite news|url=https://online.wsj.com/article/BT-CO-20090514-712958.html|title=Boskalis CEO: Ambition To Buy Several Smit Units |last=van Tartwijk|first=Maarten|date=14 May 2009|work=[[Dow Jones Newswires]]|publisher=[[The Wall Street Journal]]|accessdate=2009-05-30}} {{Dead link|date=September 2010|bot=H3llBot}}</ref> A revised offer from Boskalis of €1.35 billion, coupled with a pledge to retain the Smit name and its distinct operations, was accepted by the firm's board in January 2010, with Boskalis declaring its offer unconditional that March having reached share ownership of 90%.<ref>{{cite news|url=https://www.reuters.com/article/idUSTRE62Q0VU20100327|title=Boskalis clears Smit takeover milestone|last=Roumeliotis|first=Greg|date=27 March 2010|work=[[Reuters]]|accessdate=29 March 2010}}</ref> Smit's shares were [[Delisting (stock)|delisted]] from theEuronext Amsterdam Stock Exchange on 4 May 2010.<ref>{{cite press release|url=http://www.boskalis.com/nieuws.php?pageID=62&itemID=3071|title=Application made for delisting Smit|date=7 April 2010|publisher=Boskalis|accessdate=7 May 2010}}{{Dead link|date=March 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

For larger (salvaging) projects the company often uses [[joint-venture]]s or combinations. An example of this is [[Combinatie Berging Tricolor]] (Dutch for ''Combination Salvaging Tricolor'') which was created solely for the lifting of the {{MV|Tricolor}}. A similar multi-firm arrangement was made for the 2013-2014 salvage of the ''[[Costa Concordia disaster|Costa Concordia]]'' passenger cruise ship.

* The [[Russian submarine K-141 Kursk|Russian submarine ''Kursk'']] (lifting vessel) (2000)

* ''[[Costa Concordia|MS ]]''Costa Concordia'']] (oil containment) (2012)

* [[MV Eemslift Hendrika (2015)|MV ''Eemslift Hendrika'']] ship salvation (2021)

* ''[[Felicity Ace]]'' (2022)

* ''[[FSO Safer]]'' (2023)