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Boskalis and Kotug complete sale of Kotug Smit Towage to Boluda

Boskalis and Kotug complete sale of Kotug Smit Towage to Boluda Papendrecht, 1 August 2019  Royal Boskalis Westminster N.V. (Boskalis), together with its co-shareholder Kotug International B.V. (Kotug), have completed the sale of Kotug Smit Towage to Boluda Group (Boluda). The intended sale... whilst the activities and results of Kotug Smit Towage were deconsolidated as per 1 April 2019 following the signing of the Letter of Intent

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Press release

Boskalis and Kotug establish European harbour towage joint venture

venture bringing together the European harbour towage activities of SMIT, a Boskalis subsidiary, and KOTUG. The operations will continue under the name KOTUG SMIT Towage. Peter Berdowski, CEO of Boskalis:"This joint venture is an important next step in the implementation of our harbour towage strategy...Boskalis and Kotug establish European harbour towage joint venture Papendrecht, 23 December 2015 Royal Boskalis Westminster N.V. (Boskalis

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Press release

Boskalis reaches financial close on European harbour towage joint venture

will operate under the name KOTUG SMIT Towage. The operational integration will start with immediate effect. With a fleet of 65 tugboats, KOTUG SMIT...) and KOTUG International B.V. (KOTUG) announce that the previously announced intended merger of their European harbour towage operations has been completed.... The joint operations have been transferred to a 50/50 joint venture, bringing together the European harbour towage activities of both SMIT

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Boskalis and Kotug sign LOI to sell Kotug Smit Towage to Boluda

Boskalis and Kotug sign LOI to sell Kotug Smit Towage to Boluda Papendrecht, 4 March 2019 Royal Boskalis Westminster N.V. (Boskalis), together with its co-shareholder Kotug International B.V. (Kotug), has signed a letter of intent (LOI) relating to the sale of Kotug Smit Towage to Boluda Group (Boluda). Under the terms of the LOI, the total (100%) enterprise value of Kotug Smit Towage is valued at EUR 300 million. Boskalis expects to receive

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Press release

Boskalis and Kotug sign LOI to sell Kotug Smit Towage to Boluda

Boskalis and Kotug sign LOI to sell Kotug Smit Towage to Boluda Papendrecht, 4 March 2019 Royal Boskalis Westminster N.V. (Boskalis), together with its co-shareholder Kotug International B.V. (Kotug), has signed a letter of intent (LOI) relating to the sale of Kotug Smit Towage to Boluda Group (Boluda). Under the terms of the LOI, the total (100%) enterprise value of Kotug Smit Towage is valued at EUR 300 million. Boskalis expects to receive

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Press release

Boskalis and Kotug merge European harbour towage operations

operations of SMIT in the Netherlands and Belgium and the harbour towage operations of KOTUG in Germany, the Netherlands and the United Kingdom. A leading...Boskalis and Kotug merge European harbour towage operations Papendrecht, 15 December 2014 Royal Boskalis Westminster N.V. (Boskalis) and KOTUG International B.V. (KOTUG) have signed a Memorandum of Understanding (MoU) to merge their European harbour towage operations. The companies will establish

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