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SAAM Completes Acquisition of Intertug Companies Operating in Colombia and Mexico

SAAM announced the definitive closing of the purchase of the remaining 30% of Intertug's companies operating in Colombia and Mexico, reaching 100% ownership. The operation involved an investment of USD 30.5 million and was finalized after meeting deadlines and regulatory approvals. Through SAAM Towage, the company operates one of the most important tugboat networks in the world with over 200 tugboats in 90 ports across the Americas.