Arctia Ltd has sold its 90 % share of Arctia Karhu Ltd to Boluda Towage Finland Oy, the finnish subsidiary part of the worldwide company Boluda Towage. Kemi Port Authority owns 10 % Arctia Karhu Ltd shares and continues as minority shareholder.
In connection with the share sale, all Arctia Karhu’s operations will continue normally and there is no personnel impact. To ensure seamless transfer of the operations, Arctia will provide support to Arctia Karhu during a transition period.
Boluda Towage is the world leading company within the maritime towing sector and has a large fleet operating in the main ports of Europe, Africa, Asia and America. The company plays an essential role in port logistics, where safety combined with efficiency in ship operations implies total coordination of all the members of the logistics chain.
We are pleased to find Arctia Karhu Ltd a new majority owner with resources and competence to develop the business further. In the future, Arctia will focus even more on its special assignment in icebreaking, fairway maintenance and marine survey services”, says Maunu Visuri, CEO of Arctia Ltd.
«This purchase is a further step in our consolidation in the Scandinavian market, providing coverage to our customers in the northernmost part of the Baltic Sea, reinforcing our team in Finland with a fleet operating in the ports of Kokkola, Vaasa, Raahe, Kemi and Tornio ”- says Jani Hannula, Managing Director of Boluda Towage in Finland).
Arctia Karhu is a towing and harbor icebreaking company operating mainly in the ports of Kemi and Tornio.
