Kotug becomes full owner of Marsol
- Business developments & projects
Dutch towage services provider Kotug International B.V. has completed the 100 per cent acquisition of the UAE-based Marsol International Ltd., an offshore and marine terminal service centre specialized in offshore single point mooring (SPM) buoy terminals and its related infrastructure.
“The acquisition is a strategic addition to Kotug’s portfolio in the worldwide offshore industry and will strengthen Kotug’s position in the maritime services industry in the Middle East,” Kotug explained.
“Although we find ourselves in exceptionally challenging times, Kotug is committed to continue to strengthen and expand her worldwide activities. The integration of Marsol services will allow us to enter the Middle East market and add substantial value to our broad portfolio of services to our global customers,” Ard-Jan Kooren, CEO Kotug International, commented.
The core business of Dubai-headquartered Marsol is integrity management based commercial and technical marine service solutions for SPM & offshore terminals. Over the years, Marsol’s management has operated on 32 offshore marine terminals in more than 20 countries.
“I feel confident this acquisition opens the door for Marsol and its staff to participate extensively, through its … terminal operations and maintenance packages in Kotug’s (new) business areas globally,” Mike Young, founder and owner of Marsol, said.
The daily management of Marsol will be in the hands of Willem de Vries responsible for Kotug’s Middle East office in Dubai.