Back

Koninklijke Boskalis Westminster N.V.

Below you will find information from the register publication of inside information. The information has been provided by the organisation.

  • Registration date 15 dec 2014 - 14:12
  • Statutory name Koninklijke Boskalis Westminster N.V.
  • Title Boskalis and Kotug merge European harbour towage operations
  • Comments 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 a 50/50 joint venture for this purpose, combining the European harbour towage activities of SMIT, a Boskalis subsidiary, with the European harbour towage activities of KOTUG. This merger is the concluding step in Boskalis' strategy aimed at establishing regional partnerships for its harbour towage activities, as was previously done through Smit Lamnalco, Keppel SMIT and most recently SAAM SMIT. By joining forces opportunities are created to achieve cost and market synergies as well as a more efficient capital structure.

Related downloads

201412150000000009_PDF version of this press release.pdf
201412150000000009_PDF-versie van dit persbericht.pdf

Date last update: 06 August 2020

Share information

Share on: Share this