Independent journal on economy and transport policy
06:57 GMT+1
This page has been automatically translated by Original news
Boskalis and Kotug confirm the fusion of the respective activities of harbor tug
It will be constituted joint venture joint KOTUG SMIT Towage that a fleet of 65 tugs will have
December 23, 2015
The Dutch groups Royal Boskalis Westminster and Kotug International have announced today to have agreed the terms of the fusion of own activities of harbor tug that will happen ago giving course to a specific memorandum of understanding which signed a year. Such activities, constituted from the operated services of towing from the Smit, branch of the Boskalis, and from those of the Kotug, will meet in joint venture 50:50 called KOTUG SMIT Towage.
In particular, the joint venture new will operate activities of harbor tug the currently carried out from Smit in Belgium, Holland and United Regno and same activities carried out from Kotug in Germany, Holland and United Regno. Altogether the new society, that it will have annual revenues pairs to about 150 million euros, will use a fleet of 65 tugs in 11 ports of four nations.
"These joint venture - it has emphasized the managing director of the Boskalis, Peter Berdowski - constitutes a step important in the implementation of our strategy in the field of the harbor tug time to concentrate and to expand the services of harbor tug through partnership regional. We have already generated remarkable value and experience with this type of partnership with the Smit Lamnalco, the Keppel Smit Towage and SAAM SMIT Towage. Joining the forces in north-western Europe we will be able to supply still better and more efficient services to our customers".
According to the forecasts, the fusion will be put into effect in the course of the first trimester of the next year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The Dutch groups Royal Boskalis Westminster and Kotug International have announced today to have agreed the terms of the fusion of own activities of harbor tug that will happen ago giving course to a specific memorandum of understanding which signed a year. Such activities, constituted from the operated services of towing from the Smit, branch of the Boskalis, and from those of the Kotug, will meet in joint venture 50:50 called KOTUG SMIT Towage.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
