Kotug International has completed the 100% acquisition of Marsol International, a leading offshore and marine terminal service centre, 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 Kotug’s position in the maritime services industry in the Middle East.
The daily management of Marsol will be in the hands of Willem de Vries responsible for Kotug’s Middle East office in Dubai.