A consortium consisting of R-Logitech, a subsidiary of Monaco Resources Group as majority shareholder, and PMV and FPIM, two Belgian investment firms, each for an equal share and as minority shareholder, has completed the acquisition of Euroports Holdings Sarl.
Euroports is one of the largest maritime infrastructure companies in Europe, operating 26 deepsea port terminals, which are strategically located along key trade routes. It is over 3000 employees develop, operate and manage global maritime supply chain solutions for international clients across several industry sectors. Euroports handles more than 60 million tpy of bulk, breakbulk, containerised and liquid products for industry-leading companies with whom it has long-term relationships.
The new shareholders see a significant growth opportunity at Euroports, as the company executes its five year business plan, continues to deliver on its goals of providing best-in-class services, and expands into new geographies and products.
R-Logitech has a 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 such as Euroports. All three new shareholders will be valuable partners to the business going forward, dedicated to developing the business further in Europe – and globally. They also see significant benefits that R-Logitech’s parent company, Monaco Resources Group, will bring to Euroports as an operational and industrial partner.
Frederic Platini, CEO of R-Logitech, said: “We are delighted to have acquired Euroports, together with our investment partners PMV and FPIM. We are committed to Euroports’ long-term investment plan whilst focusing on delivering a world class supply chain solution to our customers across the globe.”
Michel Casselman, CEO of PMV, said: “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.”
Koen Van Loo, CEO of SFPI-FPIM stated: “SFPI-FPIM is proud to close the acquisition of Euroports today, a very important operator within the logistic chain of the port business, a strategic sector for the Belgian economy. We are convinced that with the combined strengths of the consortium partners PMV and R-Logitech, SFPI-FPIM can help set Euroports on a healthy growth path.”
Charles Menkhorst, CEO of Euroports Holdings Sarl, is convinced that the arrival of our new shareholders will strengthen the prospects for a successful future of the Euroports group.
Read the article online at: https://www.drybulkmagazine.com/ports-terminals/26062019/euroports-reveals-new-shareholders/