Forth Ports in multi-million tugboat takeover
The Valaris Gorilla VI leaves the Port of Dundee with the help of Targe and Forth Ports tugboats. Picture: Theo Currie By Kristy Dorsey Forth Ports has acquired Angus tug firm Targe in a multi-million pound deal to create a marine services business “of scale” along the east coast of Scotland. Set up in 1991, Targe employs 90 people and was previously owned by the family of managing director Tom Woolley. Edinburgh-based Forth Ports has acquired the entire share capital of Targe for an undisclosed multi-million sum. Based in Montrose, Targe owns nine vessels, including five tugs pro...
Source: heraldscotland.com