Towage company Kotug completes acquisition of Marsol
Kotug International has acquired full ownership of Marsol International Ltd. The addition of the offshore and marine terminal service centre is meant to strengthen Kotug’s position in the maritime services industry in the Middle East.
‘Although we find ourselves in exceptionally challenging times, Kotig is committed to continue to strengthen and expand its worldwide activities,’ says Ard-Jan Kooren, CEO KOTUG International. ‘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.’
The core business of Marsol is integrity management based commercial and technical marine service solutions for SPM & offshore terminals. The company specialises in offshore single point mooring (SPM) buoy terminals. Marsol’s operational headquarters are based in Dubai, but it has operated in more than twenty countries.
‘Over the last fifteen years Marsol has developed a well proven and recognised offshore service centre model and a sound track record with a knowledgeable and experienced team,’ adds Mike Young, founder and owner of Marsol. ‘I feel confident this acquisition opens the door for Marsol and its staff to participate extensively, through its value adding terminal Operations and maintenance packages in Kotug’s (new) business areas globally.’
The daily management of Marsol will be in the hands of Mr. Willem de Vries responsible for Kotug’s Middle East office in Dubai.