NSG becomes GAC’s second Swedish ship agency acquisition in 2022
GAC Group has acquired Finland-based ESL Shipping’s Swedish subsidiary Norra Skeppningsgruppen (NSG), marking the second Swedish ship agency purchase by GAC this year. The transfer of NSG to GAC Sweden was completed on 1 December.
Established in 2015 and a part of ESL Shipping since the autumn of 2019, NSG provides a range of ship agency services, as well as logistics and chartering services, to ship owners and operators in most ports in the southeast of Sweden. Its main office in Oxelösund, where GAC Sweden has had a presence since its acquisition of SwedAgency AB in August 2019, handles about 200 port calls a year, with a further 150 at other ports in the region, including Åhus, Luleå, Norrköping, Södertälje, and Ystad. Under the deal, the staff of NSG will transfer to GAC Sweden.
Johan Ehn, Managing Director of GAC Sweden, comments:
“We are pleased to welcome NSG to GAC Sweden. This latest addition, following the acquisition of Hasting Ship Services AB in October, represents the latest step in our sustainable growth strategy, especially in the dry bulk sector. Together with our new colleagues, we will continue to strengthen our organisation, working even more closely with our customers in the region.”
Mikki Koskinen, Managing Director of ESL Shipping, said:
“ESL Shipping has been working with GAC in Finland for many years, and we are pleased that we have found a good and experienced owner for the NSG business.
“The sale of NSG will enable ESL Shipping to focus on its core operations as the leading carrier of dry bulk cargoes in the Baltic Sea region. I want to take this opportunity to thank all NSG employees for their dedication and commitment.”
Read the article online at: https://www.drybulkmagazine.com/shipping/20122022/nsg-becomes-gacs-second-swedish-ship-agency-acquisition-in-2022/
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