Saturday 30 May 2020
Netherlands-based KOTUG International has completed the 100 percent acquisition of Dubai-based Marsol International, a leading offshore and marine terminal service center 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 its position in the maritime services industry in the Middle East. The core business of Marsol is integrity management based commercial and technical marine service solutions for SPM and offshore terminals. Headquartered in Dubai, Marsol’s management has operated on 32 offshore marine terminals in more than 20 countries.
KOTUG operates in terminal towage, harbor towage, offshore operations, and salvage operations. It is active in Europe, Russia, Asia, Australia, Africa, and the Caribbean and continues to expand worldwide.