Germany’s SAL and Dutch firm Jumbo announce their intention to form a joint venture, says a press release published on their website.
Heavylift sector
Consolidation in the heavylift sector shows no sign of slowing down with Germany’s SAL and Dutch firm Jumbo announcing their intention to form a joint venture.
The joint venture
Breakbulk and project cargo specialist SAL and heavylift transport and installation contractor Jumbo will combine a large part of their fleets, engineering and commercial activities.
“The Jumbo-SAL-Alliance would be focused on gaining logistical efficiencies, such as joint fleet operations, and benefits for its customers, such as increased flexibility and offering customers worldwide a carefree logistics solution for both breakbulk and outsized cargoes,” the companies said in a statement.
The joint venture is subject to clearance by the German competition authority and Dutch corporate legal requirements.
Late last year, SAL Heavy Lift acquired a major stake in US owner Intermarine in a deal which saw former BBC Chartering boss Svend Andersen step in as CEO.
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Source: SAL
