Attended by the Spanish international’s chairman Vicente Boluda and also agents of Kotug Smit Towage, the contract was authorized July 24 in Rotterdam with result from July 31, 2019
Boluda Towage, the pulling department of Spain’s Boluda Corporaci ón Mar ítima, has actually efficiently shut the purchase of the Dutch business Kotug Smit Towage.
The purchase enhances Boluda’s setting as leading driver in Europe, including a brand-new visibility in the Netherlands, Belgium, Germany and also the United Kingdom
The acquisition of this significant pulling business comes as component of Boluda Towage’s global development strategy, adhering to on from the purchase in 2017 of German venture Uragan.
The 100% supply purchase of Dutch business KST is valued at 300 million euros (concerning $332 million) and also has actually gotten the equivalent regulative authorizations in all nations. Attended by the Spanish international’s chairman Vicente Boluda and also agents of Kotug Smit Towage, the contract was authorized July 24 in Rotterdam with result from July 31, 2019.
Acquisition Goals
The intends underlying the acquistion are to settle Boluda Towage’s future potential customers, enhance the business’s setting as a European tugboat market leader, open brand-new possibilities to increase technology, and also supply higher worker safety and security along with individual and also expert growth possibilities.
By obtaining the Dutch business, Boluda Towage will certainly include 67 yanks to its fleet, enhancing its visibility in significant European ports such as Rotterdam, Terneuzen and also Flushing (Netherlands); Liverpool, London Gateway and also Southampton (United Kingdom), and also Zeebrugge, Ghent and also Antwerp (Belgium). In Hamburg and also Bremerhaven, Boluda Towage will certainly enhance its setting in the towage industry in Germany, where it has actually been running because 2017.
The 67 vessels increase the Boluda Towage fleet to greater than 300 tugboats, running in 90 ports in 15 nations of Europe, the west shore of Africa, the Americas and also the Indian Ocean.
