Boluda acquires Finnish harbour towage and icebreaker company Yxpila Hinaus-Bogsering (YHB)

Boluda Towage acquires Les Abeilles International and strengthens its growth in France

• This move consolidates Boluda's presence in Northern Europe, taking another step forward in its expansion plans and entering the Scandinavian countries by providing coverage to its clients in the Gulf of Bothnia.

• The new fleet consists of 6 vessels, 5 of which are icebreakers, allowing operations in extreme weather conditions.

Valencia, 15 of October 2024

Boluda moves forward with its expansion plans in Northern Europe following the acquisition of the Finnish company Yxpila Hinaus-Bogsering (YHB). It is a family-owned company that started operating more than 40 years ago in the Finnish port of Kokkola, providing harbour towage and icebreaking services.  

YHB will add to Boluda Towage all its experience at the forefront of towing operations in the extreme conditions of the Baltic, where ice and low temperatures require the knowledge and expertise of expert crews to perform maneuvers safely and efficiently.  

Boluda Towage further consolidates its presence on the coasts of Northern Europe and enters the Scandinavian market to serve its customers in the Gulf of Bothnia, operating in the ports of Kokkola, Vaasa, Raahe and Kemi. The company will add 6 vessels to its fleet, five of them icebreakers.

Vicente Boluda Fos, president of Boluda, has stated that: «This purchase is a further step in our consolidation in Northern Europe, a complex market where the experience and expertise of the crews are key to carry out towing and marine salvage operations in extreme conditions. In addition, we are opening the Scandinavian market, providing coverage to our customers in the northernmost part of the Baltic Sea». 

The Kokkola docks have grown significantly in the last decade, becoming one of the largest logistics facilities in Finland with special relevance for the mining industry, as well as for dry bulk cargo, chemicals and timber.