Canadian owner CSL has acquired a minority stake in compatriot bulk material handling systems designer and supplier EMS-Tech, says an article published in Splash 247.
About the investment
The Montreal-based company said the investment will build on the synergies developed between CSL and EMS-Tech over the past 25 years and will leverage the companies’ respective strengths in delivering advanced cargo handling solutions.
EMS-Tech has provided innovative solutions to the bulk material handling industry, many of which can be found on self-unloading ships and transhipment assets owned and operated by CSL.
“We are excited to be working with CSL to advance integrated marine and land-based material handling systems,” said EMS-Tech president and owner, Peter Sorensen. “We believe that project partnerships with CSL will take our industry-leading expertise and know-how to new markets and geographies.”
“Since CSL began working with EMS-Tech in 1996, the alignment of our complimentary capabilities has produced state-of-the-art cargo handling solutions for our customers,” said Louis Martel, CSL president and CEO.
“This investment is an extension of our confidence in EMS-Tech’s capabilities and growth potential, and a continuation of our commitment to provide our global customers with a full range of safe, sustainable and high-performance services.”
EMS-Tech will continue to be independently managed by its current team.
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Source: Splash 247
