Arctia Ltd, the Finnish state-owned specialist in ice-breaking and offshore operations, has finalised the sale of its 90% stake in Arctia Karhu Ltd to Boluda Towage Finland Oy, the Finnish subsidiary of the global maritime services provider Boluda Towage. Kemi Port Authority retains its existing 10% minority shareholding in the company.
The transaction ensures business continuity for Arctia Karhu’s harbour towage and ice management operations, with no impact on personnel or ongoing contracts. To facilitate a smooth transition, Arctia will provide operational support during a defined handover 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 ice-breaking, 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 harbour ice-breaking company operating mainly in the ports of Kemi and Tornio.
