KOTUG AND BOSKALIS SELL KOTUG SMIT TOWAGE TO BOLUDA

     

    KOTUG International BV and Royal Boskalis Westminster N.V., 50/50 shareholders of Kotug Smit Towage, sold their shares to Boluda Group (Boluda). Boluda offers a geographically strong and highly complementary European portfolio.

     

    KOTUG CEO Ard-Jan Kooren: "KOTUG will continue to expand its maritime and towage related activities worldwide. I am confident that this development will unlock new opportunities to further strengthen our growth and allow us to offer operational excellence and innovation to our customers.”