Ultraship completes VEBO takeover

March 4, 2004

Multraship Towage & Salvage has acquired a majority share in VEBO BV, the holding company of Verenigde Bootlieden BV and Vebocab BV, the leading boatman/mooring service provider in the port of Terneuzen. The takeover will have no adverse consequences for the 38 employees of VEBO, which specialises in the mooring and unmooring of vessels and in the provision of helmsmen services and taxi and waterborne transportation services. Multraship, which specialises in towage & salvage services, sees the takeover as a logical addition to, and expansion of, its services to the maritime community in the Zeeland Seaports area and on the River Scheldt. For Verenigde Bootlieden, the takeover represents a guarantee of its long-term survival. Leendert Muller, managing director of Multraship, will become a member of the board of directors of Verenigde Bootlieden, which will continue to operate under its own name, and remain in its current headquarters.

Ultraship completes VEBO takeover

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