09.02.2016

Mammoet sells salvage business

Mammoet has sold the assets of its Salvage business to Koole Contractors, the deal also includes the transfer of most salvage related employees to Koole. All salvage projects that are currently underway, will be finished by Mammoet Salvage.

Koole will also change the company name to Koole Mammoet Salvage B.V. with its base in Vijfhuizen, The Netherlands and expanded offices in Singapore and Houston.
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Mammoet has sold its salvage business to Koole

Mammoet chief executive Jan Kleijn said: “Mammoet’s core business is engineered heavy lifting and transport. Although there are many similarities with the salvage industry, the dynamics and characteristics of the individual markets require that each activity has their specific focus. As the Salvage market is not 100 percent related to Mammoet’s core activities, it is in the best interest of both businesses if each has the opportunity to completely focus on its core activities and strategy".

"We are happy to announce our agreement with Koole, who has a good reputation in the Salvage industry. I am confident that they will provide the right context for further growth of the Mammoet Salvage activities.”

Koole chief executive Paul Koole added: “We have made name in the field of salvage and wreck removal in the past six years, with a hands-on approach and pragmatic solutions. The transfer of experienced Salvage specialists from Mammoet, as well as the purchase of its salvage equipment form the next logical step in the company strategy to further enhance the market position, widen the scale of services and form a more robust base for comprehensive operations.”
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