Kotug Acquires Marsol
KOTUG International B.V. has completed the 100% acquisition of Marsol International Ltd., an offshore and marine terminal service center, specialized in offshore single point mooring (SPM) buoy terminals and its related infrastructure.
The core business of Marsol is integrity management based commercial and technical marine service solutions for SPM and offshore terminals. Over the years Marsol’s management has operated on 32 offshore marine terminals in more than 20 countries. Marsol’s operational headquarters are based in Dubai.
Ard-Jan Kooren, CEO KOTUG International, said, “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. I would like to thank Mike Young, founder and owner of Marsol, who has established a reputable company with high quality services to their clients, with a great team of skilled people.
The daily management of Marsol will be in the hands of Willem de Vries responsible for KOTUG’s Middle East office in Dubai.