Inchcape Shipping Services has announced the successful acquisition of Grieg Logistics AS from the Grieg Group. Under the new ownership, Grieg Logistics will continue to operate under the same name for a period and existing management headed by CEO Stig Trygve Andersen.
Grieg Logistics will leverage Inchcape’s global customer portfolio, digital transformation capabilities, and adherence to global standards and processes. In turn, Inchcape will leverage Grieg Logistics’ local knowledge and presence, strong customer relationships, and vast logistics experience.
“Inchcape and Grieg Logistics have enjoyed a long-standing partnership, first formalised in 2019. The partnership facilitated the sharing of technologies and the expansion of port agency support in Norway. We are extremely excited to welcome the Grieg Logistics team into our organisation. We look forward to providing even greater service and coverage to our combined customer base,” said Inchcape Shipping Services CEO Philippe Maezelle.
Inchcape Shipping Services, a portfolio company of private equity fund Epiris, represents clients in over 85% of the world’s ports across 60 countries through its network of 253 owned offices.
Grieg Logistics operates terminals at Tønsberg, Mosjøen and Skålevik. It has offices in Tønsberg, Larvik, Bergen, Mongstad, Kristiansund and Mosjøen, offering ship agency services all along the Norwegian coastline, mainly with its staff. Founded in 1969 by the Grieg Group, Grieg Logistics is headquartered in Bergen, Norway, and employs about 100 people.
Inchcape Shipping Services (ISS), which is one of the largest integrated suppliers of agency and support services to the global shipping industry has bought a significant, but undisclosed, shareholding in Egypt-based Leth Suez Transit Ltd AS (LETH).
Inchcape Mackinnon Mackenzie Shipping (Pte) Ltd is a newly-formed Anglo-Sri Lankan joint venture of Inchcape Shipping Services and John Keells Holdings
Marine management company Inchcape Shipping Services (ISS) has acquired the Ancon container depot in the Port of Antwerp, giving it access to almost 300m of quay and allowing it to offer barge as well as rail connections to its container line clients.