Filter content by area of interest
Ports & Terminals
Port AuthoritiesContainerBulkBreakbulk/General CargoRo-Ro/AutomotiveGTOs
Cargo Handling Equipment
STS CranesYard CranesMobile CHERo-Ro EquipmentBreakbulk EquipmentLow ThroughputBulk Handling Equipment
Shipping & Logistics
Container ShippingBreakbulk/General CargoRo-Ro ShippingDry Bulk ShippingLiquid cargoesLogistics
ICT
TOSPlanning & Optimisation TechnologyWiFiMobile ComputingPort Community SystemsAsset Tracking & Monitoring
Automation
Automated EquipmentGate AutomationRemote ControlProcess Automation
Multimodal
RailInland WaterwaysShortsea ShippingRoadAir-Cargo
Container Industry
Container manufactureContainer leasingRepair/StorageTradingConversion/Innovation
Refrigeration
Operations/TransportContainer leasingEquipmentM&R/Storage
Breakbulk
General cargoProject Cargo/Heavy LiftForest productsRo-Ro/AutomotiveAgribulks
Safety & Security
InsuranceHazardous cargoLashings/SecuringLegal/Regulatory
Civil Engineering
Port & terminal construction/designCivil & Consulting EngineersDredging & ReclamationMooring & FenderingLightingPaving & Surfacing
Environment
Business
InsuranceLegal/RegulatoryAppointments/PeopleMergers/Acquisitions/RestructuringFinance/Financial ResultsTrade & Professional AssociationsBusiness/Commerce Miscellaneous
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing 1 of your 1 guest articles


register  or  login  for full access to online news

R-Logitech buys Euroports group

The Euroports terminals and logistics group has been acquired (via an unnamed subsidiary) by Monaco-based R-Logitech SAM and two public Belgian venture capital companies

Linked InTwitterFacebookeCard
Sharelines

The Euroports terminals and logistics group has been acquired by R-Logitech SAM

Euroports handles an annual 60 Mt through 26 marine terminals, six dedicated customer sites, six inland terminals and 16 forwarding offices. About half of its seaport terminals - handling dry and liquid bulk, breakbulk and containers - are in Belgium, with Antwerp the stronghold. The others are spread across Europe and Asia. The group boasts an aggregate 4.8 Mt of storage capacity and 34 kms total quay length and has around 3,000 employees. It includes former leading brands such as Westerlund, Manuport and Rauma Stevedoring.

A Euroports breakbulk terminal in Antwerp, Quay 1207
A Euroports breakbulk terminal in Antwerp, Quay 1207

Its three institutional investor owners had put Europort Holdings Sàrl and all its affiliates on the market late 2017.

 

In its very concise press release, R-Logitech SAM writes that it is buying Euroports "together with institutional investors," without naming them. Belgian media state that they are the public venture capital investment companies FPIM and PMV. FPIM/SFPI (Société Fédérale de Participations et d’Investissement) is a federal vehicle of the state of Belgium. PMV (Vlaamse investeringsmaatschappijen) is that of the state of Flanders.

 

It is not clear to what extent these public investment bodies have previously invested outside Belgium and its Flanders province.

 

The Belgian financial industry publication De Tijd reported in December last year that FPIM and PMV were involved in an offer together with an unnamed Cypriot investment company. At this time, WorldCargo News has no information on this party’s identity.

 

R-Logitech is an international logistics and technology services provider focused mainly on the natural resources sector. The group’s primary business lines are logistics, terminal management, technology solutions and procurement. Africa is a particular focus and the group also has European offices in Paris, Vienna, London and Monaco.

 

R-Logitech is a subsidiary of Monaco Resources Group S AM, a global firm specialising in natural resources with a diversified asset base that spans metals and minerals, agribusiness, energy, logistics, technology and finance.

Linked InTwitterFacebookeCard

You may also be interested in...

JV boost for Shanghai

Sibre/EMG for ADT

VTG introduces rCE Powerpack

China and Nepal agree transit trade deal

Chinese operators march offshore

Primorsk development plan

Related Stories

MSC GÜLSÜN docks at Bremerhaven – and sails into a storm

The world’s first 24-across container vessel, the 23,800 TEU, currently the worl...

Nairobi backs down on SGR decree

The government of Kenya has backtracked on a recent decree that all cargo import...

People on the move – Nils Kahn to head MSC Germany

Women are appointed for the first time to top roles in Everett and Bremen Ports;...

Portico acquires three new reach stackers

Portico, Portsmouth’s international cargo terminal operator, has taken delivery...
Linked In
Twitter