Adani Ports and Special Economic Zone Ltd (APSEZ) ne Astro mein 80% stake acquire karne ka agreement sign kiya hai, ye deal $185 million cash mein hui, jo Astro ka enterprise value $235 million aur EV/FY25E EBITDA 4.4 times imply karta hai. APSEZ kehte hain ki ye acquisition pehle hi saal se value accretive hoga.
Astro, 2009 mein incorporate hui thi, Middle East, India, Far East Asia aur Africa mein ek offshore support vessel (OSV) operator hai. Astro ke paas 26 OSVs ka fleet hai jisme Anchor Handling Tugs (AHTs), flat top barges, Multipurpose Support Vessels (MPSVs) aur workboats shamil hain, jo vessel management aur complementary services bhi provide karta hai.
30 April 2024 ko khatam hone wale saal mein, Astro ne $95 million revenue aur $41 million EBITDA report kiya. Is waqt Astro net cash positive thi.
Adani Ports and Special Economic Zone Limited
APSEZ ke Whole-time Director & CEO, Mr. Ashwani Gupta ne bataya, “Astro ka acquisition hamaare roadmap ka hissa hai jisse hum duniya ke sabse bade marine operators mein se ek ban sakte hain. Astro se humare fleet mein 26 OSVs add ho jaayenge, jisse total count 168 ho jayega. Isse hume Arabian Gulf, Indian subcontinent aur Far East Asia mein apni presence aur mazboot banane ka mauka milega.”
Astro offshore construction & fabrication aur offshore transportation markets mein ek key player hai aur iske Tier-1 customers mein NMDC, McDermott, COOEC, Larsen & Toubro aur Saipem shamil hain. APSEZ ke mutabiq, Astro apne fleet ka high utilization maintain karte hue, global OSV fleet ki limited supply se fayda utha raha hai.
Astro Offshore ke Managing Director, Mark Humphreys ne kaha, “APSEZ ke saath ye partnership hamare liye ek critical inflection point hai. Hum saath milkar fleet ko aur scale aur diversify kar sakte hain, apne geographical footprint ko expand kar sakte hain aur customers ko aur end-to-end solutions deliver kar sakte hain.”
Koi regulatory approvals required nahi hain aur ye transaction operational conditions precedent puri hone per ek mahine ke andar close hone ki umeed hai.
