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KOTUG acquires Marsol International in Dubai

Netherlands-based KOTUG International has completed the 100% acquisition of Dubai-based Marsol International, a leading offshore and marine terminal service centre, specialised 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 it’s 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 & offshore terminals. Headquartered in Dubai, Marsol’s management has operated on 32 offshore marine terminals in more than 20 countries.

“Although we find ourselves in exceptionally challenging times, KOTUG is committed to continue to strengthen and expand her worldwide activities. 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,” said Ard-Jan Kooren, ceo of KOTUG.

“I am very pleased that the Marsol family will become part of the KOTUG global family. Over the last 15 years Marsol has developed a well proven and recognized offshore service centre model and a sound track record with a knowledgeable and experienced team. 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,” said Mike Young, founder and owner of Marsol.

Following the acquisition the daily management of Marsol will be in the hands of Willem de Vries responsible for KOTUG’s Middle East office in Dubai.

KOTUG operates in terminal towage, harbour towage, offshore operations, and salvage operations. And is active in Europe, Russia, Asia, Australia, Africa, and the Caribbean and continues to expand its operations worldwide.

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