Cosalt buoyant with Spanish deal
Tuesday, July 03, 2007
Cosalt, the personal safety and protection services and equipment business, has snapped up Spain’s Marine Safety Systems (MSS) for €3 million (£2 million).
MSS is involved in the supply, maintenance and testing of marine safety equipment and is based in Barcelona, one of the fastest growing cargo and cruise ship ports in Europe.
The acquisition adds to Cosalt's existing European port network which includes Italy, Germany, Holland, Belgium and the UK and strengthens its position as one of the leading marine safety servicing businesses in the EU. The new business will be fully integrated with Cosalt's existing Marine Safety division.
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