Hapag-Lloyd Secures Global Approval For Terminal Takeover

Credits: Philippe Oursel/Unsplash

Hapag-Lloyd’s latest achievement marks the successful 100% acquisition of SM SAAM’s terminal business, signaling an expansive stride in their strategic agenda. Says the article from Hapag Lloyd.

  • The acquisition gained unconditional endorsement from antitrust authorities across involved countries, ensuring a seamless transition.
  • Strengthening its foothold in Latin America, Hapag-Lloyd adds a diversified range of terminals to its portfolio.
  • Hapag-Lloyd’s commitment to bolstering terminal capabilities aligns with its overarching strategic focus.

Acquisition Process 

In a significant development, Hapag-Lloyd has successfully finalized the 100% acquisition of SM SAAM’s terminal business and related logistics services. This acquisition, a key milestone for Hapag-Lloyd, has received unconditional approval from the antitrust authorities of all countries involved in the process, marking a smooth and strategic expansion.

Strengthening Presence 

This acquisition serves as a robust testament to Hapag-Lloyd’s commitment to Latin American markets. The transaction encompasses a diverse portfolio of terminals, including those in Chile, the United States, Mexico, Colombia, Ecuador, and Costa Rica. By further enhancing its presence in Latin America, Hapag-Lloyd is positioning itself as a significant player in the region’s shipping and logistics landscape.

A Strategic Focus

Investing in terminal infrastructure remains a pivotal element of Hapag-Lloyd’s strategic agenda. This acquisition aligns perfectly with the company’s goals, allowing it to expand its core liner shipping business. The acquired terminals in key locations will not only facilitate smoother operations but also contribute to Hapag-Lloyd’s endeavor to build a robust and attractive terminal portfolio.

Leadership and Expertise Unveiled

Mauricio Carrasco, an experienced senior executive with an extensive background in Latin America and global shipping, will lead the newly formed entity. With his leadership as CEO and the support of Rodolfo Díaz as CFO, Hapag-Lloyd is well-equipped to steer this new venture towards success. Their combined expertise and industry insights are expected to drive innovation and efficiency in the acquired terminals.

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