Valencia. buluda tawaj, locomotive section of Boluda Marine Company, a total of 33 million euros will be disbursed to Buy the Dutch group Iskes Drag and Rescue, formalized last February which opened the gateway to the Baltic Sea, having just won the public tender of the Government of the Federal Republic of Germany for the rescue service with the tug “Bremen Fighter”.
Iskes, with its presence in the ports of Lübeck (Germany), Eamshaven (Netherlands) and Lisbon (Portugal), has been paid in several installments and will be financed from available balances from the Boluda Towage Group treasury. This is stated in the management report accompanying the individual accounts for the year 2020 of the main business branch of Boluda Group.
In it, the company explained that this purchase has allowed it to cement its position as a leading operator in port towing and “sustainable marine solutions” in Europe. In fact, the Iskes Towage merger allowed it to consolidate its presence in Northern Europe after acquiring the German company in 2017. He fell And in 2019 the Dutch Kotug Smit Towage To enter the main ports of Germany, the Netherlands, the United Kingdom and Belgium.
Boluda Towage closed fiscal year 2020 with an income of €56 million from the provision of services to its subsidiaries and as dividends from the companies invested in them due to its nature as a holding company, among which its subsidiaries are in Spain, France, Europe (Ámterda), LATAM and Mexico.
The sales figure does not include the consolidated revenue of its subsidiaries, which in 2020 will reflect the first full year of revenue and profit margins derived from the activity of new companies acquired in 2019 – the Netherlands, Belgium, the United Kingdom, Germany, Mexico, Argentina and Uruguay -.
In 2019, Boluda Towageya’s consolidated revenue reached 400 million, an increase of 24%, as a result of the acquisition of the Dutch group Kotug Smit Towage, as well as operations in Mexico and Latin America.
The total output of the trailer division holding company increased to 3.19 million in 2020 compared to 1.46 million in 2019.
Boluda Towage was created in 2019 to reorganize Grupo Boluda Corporación Marítima’s private towboat business, a process in which several balance transfer and loan agreements were signed between different companies of the Spanish and French tug divisions, and their respective subsidiary properties (the two Boluda companies). Towage Spain and Boluda France), Boluda Towage and the group’s parent company Boluda Corporación Marítima.
Accordingly, the annual accounts include the comparative information for the fiscal year 2019, since the company was established on February 26, and the correction of the comparative numbers for that year as a result of the correction of the registered value of a joint stock company during that. public. Exercise.
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