Van Oord takes over Dravo S.A.
Dutch dredging and marine construction major Van Oord has acquired all the shares of its Spanish subsidiary Dravo S.A.
Dravo S.A. has been owned, since 1987, by Van Oord (50%) and the Spanish company Dragados S.A. (50%), a subsidiary of ACS, the largest Spanish infrastructure contractor.
The company will continue its activities under the name Dravo S.A. Based in Madrid, the company is engaged in dredging works in the Spanish, Portuguese and Italian markets and has recently been executing maintenance dredging projects in the ports of Lisbon and Aveiro in Portugal and in the ports of Huelva and Barcelona in Spain.
The company owns one trailing suction hopper dredger, Dravo Costa Dorada.
By Larz Bourne
