Adani Ports and Special Economic Zone (APSEZ), India’s largest ports and logistics company, has acquired an 80 percent stake in Astro, a leading offshore support vessel (OSV) operator. This $185 million (Ksh. 23.9 billion) all-cash deal significantly expands APSEZ’s capabilities and control over offshore support operations across the Middle East, India, Far East Asia, and Africa.
Astro, headquartered in Dubai, operates a fleet of 26 offshore support vessels, including anchor handling tugs, flat-top barges, multipurpose support units, and workboats. The company also provides vessel management and complementary services, supporting the construction and maintenance of offshore platforms, oil and gas fields, and subsea facilities.
The acquisition of Astro will augment APSEZ’s fleet, increasing its total from 142 to 168 vessels. Ashwani Gupta, CEO of APSEZ, highlighted that this strategic move is part of the company’s goal to become one of the world’s largest marine operators. The deal also grants APSEZ access to Astro’s extensive roster of Tier-1 customers and strengthens its presence in the Arabian Gulf, Indian subcontinent, and Far East Asia.
The transaction, which is expected to close within a month, does not require any regulatory approvals. This acquisition underscores Adani Group’s continued expansion in global maritime operations and strategic investments.
Founded by Indian billionaire Gautam Adani in 1988, Adani Group has grown to encompass a diverse portfolio including mining, ports, trading, electricity, and gas. The group operates 15 ports and terminals in India and has ongoing projects in Sri Lanka, Vietnam, Tanzania, and Israel, with significant investments planned for the Kenyan aviation sector.
Despite recent controversies, including allegations of fraud, market manipulation, and political corruption, Adani Group continues to advance its international presence. The acquisition of Astro is poised to enhance its global maritime footprint and operational capabilities.
AdaniGroup #APSEZ #OffshoreSupport #MarineOperations #GlobalExpansion #Logistics #Maritime
