Kotug and Boskalis sign MOU to merge European Harbour Towage Operations

by Hans | December 15th, 2014

KOTUG International B.V. (KOTUG) announces that it has signed a Memorandum of Understanding (MoU) with Royal Boskalis Westminster N.V. (Boskalis) to merge their European harbour towage operations.

The decision is fully in line with KOTUG’s strategy and ambition to develop and increase its harbour towage footprint in Europe. This partnership involves a 50/50 joint venture between KOTUG and SMIT, a wholly-owned subsidiary of Boskalis. The geographic scope of the venture covers the European Harbour towage market which relates to KOTUG’s existing harbour towage activities in the Netherlands, Germany and the UK and SMIT’s harbour towage activities in the Netherlands and Belgium.

The combination will create a leading provider of harbour towage services in North West Europe active in 11 ports and 4 countries with a fleet of approximately 60 harbour tugs, generating a total turnover of about 150 million Euro. Besides operational synergies the joint venture will strengthen the market position of both companies.

KOTUG’s CEO Ard-Jan Kooren “The combined operation will allow us to meet the increasing demands of our international joint clients in order to deliver more efficiency. In a market that is consolidating we can offer competitive services against the highest operational and safety standards within the industry.”

The implementation of the MoU is subject to customary conditions, including a due diligence process and approval from regulatory agencies in the respective countries involved, all in close cooperation with our works councils.

KOTUG, head quartered in the Netherlands, is a leading towage operator offering its innovative services on a global scale. KOTUG operates in a variety of markets including towage services to ports, terminals and at sea as well as in the salvage, offshore and dredging industry. KOTUG is committed to the highest industry standards of health, safety, environment, quality and security. KOTUG also has strategic partnerships in Australia (KT Maritime Services Australia) and Asia (Kotug Asia). More information about KOTUG: www.kotug.com

About Boskalis
Royal Boskalis Westminster N.V. is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world with the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. In addition, Boskalis offers a wide variety of marine services and contracting for the offshore energy sector including subsea, heavy transport, lifting and installation (through Boskalis Offshore and Dockwise) and towage and salvage (through SMIT). It also has a strategic partnership in terminal services (Smit Lamnalco). With a versatile fleet of 1,000 units Boskalis operates in around 75 countries across six continents. Including its share in partnerships, Boskalis has 11,000 employees. More information about Boskalis: www.boskalis.nl

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