Samskip has completed the acquisition of E[ds_preview]uro Container Lines. This move aims to strengthen Samskip’s position in the Norwegian market by enhancing the speed and frequency of services for its Norwegian client base.
Total annual Norwegian Samskip volumes are expected to increase substantially, from the current 55,000 TEU to 90,000 TEU; increasing overall annual volumes from 850,000 TEU to 885,000 TEU. The acquisition also means a significant expansion in the refrigerated transport capacity Samskip can offer connecting with its own cold stores in Ålesund and Rotterdam, which increases to around 275-300 reefer containers per week.
The acquisition of ECL in Norway is only the latest step taken by Samskip to strengthen its position in Norway.
Jens Holger Nielsen, CEO Samskip says: »We believe the acquisition further highlights our commitment to the Norwegian market, having recently purchased a 50% stake in Silver Green AS.«
Samskip believes that the acquisition will result in increased competition in a market previously dominated by Samskip competitors, with the benefits for clients expected to be immediate and tangible.
