APM Terminal Acquires 100% Shares of Grup Maritim TCB



APM Terminals – a part of the Maersk group, that operates in Shipping, Terminals, Energy, Tankers, Container Manufacturing and Supply Chain Solutions amongst others.  They provide port and inland services to 58 countries worldwide and have a leading global terminal network.

On 8th September, APM Terminals entered into an agreement to buy out 61% stake in Grup Maritim TCB, thus, allowing for AP Moller-Maersk terminal arm to control 11 terminals in Europe and Latin America.

On 16th October 2015, at Barcelona, Spain APM Terminal has gone into another agreement with Grup Maritim TCB, now to buyout the remaining 39% stake.  This would imply a total buyout of 100% shares valued at approximately $1bn. The transaction will be executed by the first quarter of 2016.

APM Terminals announced that, in the short term, this acquisition’s ROIC would be dilutive as a result of the ongoing investments in Guatemala and other growth markets.  The company believes that this acquisition will eventually lead to their positioning themselves as a leader in Spain at a time when market is at a recovery phase.  This would help strengthen their position also in Latin America and give them access to new and experienced talent pool and most of all, facilitate knowledge transfer between the two organisations and generate immediate and continued earnings.

APM Terminals CEO Kim Fejfer said “This 100% share agreement reflects a major milestone in paving the way for closing this deal and expanding our competitive offerings for our clients.  The complementary expertise and market geography of the Grup Maritim TCB portfolio will enable us to bring more value to our clients, achieve our growth ambitions and further diversify our global portfolio.”

Grup Maritim TCB has 11 container terminals with an annual throughput capacity of 4.3m TEUs and an estimated annual container volume of 3.5m TEUs.

Joe Nicklaus Nielsen, APM Terminals Vice President and Global Head of Container Port Business Development is quoted to have said: ”We have a clear plan to grow our business for the future and invest in competitive advantages. Today’s news is an important step along the way and we look forward to welcome the Grup Maritim TCB family to APM Terminals when the deal closes”.

This acquisition would mean a portfolio expansion of the APM Terminals to have their presence in a total of 74 operating facilities across five continents.

Source: APM Terminals


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