R-Logitech, PMV and FPIM to acquire Euroports Holdings
Published by Claire Cuddihy,
Antin Infrastructure Partners (Antin), Arcus Infrastructure Partners (Arcus) and Brookfield Infrastructure Partners (Brookfield) have entered into a definitive agreement to sell Euroports Holdings S.à.r.l. a port terminal operator and provider of logistics solutions, to a new joint venture comprising of R-Logitech S.A.M., PMV and FPIM.
R-Logitech, an international provider of logistics and technology solutions for global supply chain management, will acquire its holding via a subsidiary. The transaction is subject to the usual approval of the relevant antitrust authorities.
Euroports is one of the largest maritime infrastructure companies in Europe, operating 26 deepsea port terminals and employs 3000 members of staff. It develops, operates and manages global marine supply solutions for a large number of international customers in various industries. Euroports processes more than 60 million t of bulk, non-containerised, liquid cargo and containerised, per year, holding long-term relationships with industry-leading customers, that are underpinned by high barriers to entry, captive hinterlands and strong multi-modal connectivity.
The joint venture sees a significant growth opportunity at Euroports, as the business executes its five year business plan, continues to deliver on its goals of providing best-in-industry services, and expands into new geographies.
R-Logitech has a long and successful track record of managing ports and terminals on an international scale, with both PMV and FPIM bringing significant experience in managing critical infrastructure and companies like Euroports.
All three will be valuable partners to the business going forward, dedicated to developing the business further in Europe as well as globally. They also see the significant benefits that R-Logitech’s parent company, Monaco Resources Group will bring to Euroports as an operational and industrial partner.
Under the ownership of Antin, Arcus and Brookfield, Euroports has consistently delivered value to both its customers and local stakeholders over the years, establishing new port and logistic areas across Europe and China, investing in its infrastructure and becoming the partner of choice in maritime supply-chain solutions for its customers and is well-positioned for continued growth under its new ownership.
Frédéric Platini, CEO of R-Logitech, said: “We are delighted to have agreed the acquisition of Euroports, together with our investment partners PMV and FPIM. We are committed to Euroports’ long-term investment plan, focusing on delivering a world class supply chain solution to our customers across the globe."
Michel Casselman, CEO of PMV: “PMV is delighted to form this strategic partnership with R-Logitech and FPIM, as it combines operational expertise with financial strength and local knowledge. Together these partners create a platform that can perpetuate sustainable growth in Flanders and internationally.”
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/02042019/r-logitech-pmv-and-fpim-to-acquire-euroports-holdings/
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