Koninklijke Boskalis B.V.
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Publicatie datum
07 apr 2016 - 15:49
Statutaire naam
Koninklijke Boskalis B.V.
Titel
Boskalis reaches financial close on European harbour towage joint venture
Bericht
Papendrecht, 7 April 2016
Royal Boskalis Westminster N.V. (Boskalis) and KOTUG International B.V. (KOTUG) announce that the previously announced intended merger of their European harbour towage operations has been completed. At financial close, Boskalis refinanced its contribution to the joint venture and as a consequence has freed up and received EUR 90 million in cash.
The joint operations have been transferred to a 50/50 joint venture, bringing together the European harbour towage activities of both SMIT, a Boskalis subsidiary, and KOTUG. In order to retain both strong brand names and to benefit from the well-established brand recognition, the joint venture will operate under the name KOTUG SMIT Towage. The operational integration will start with immediate effect.
Datum laatste update: 02 januari 2026