Following the approval from antitrust authorities, Hapag-Lloyd has completed the acquisition of shipping company NileDutch, which specialises in the West African container shipping market.
Hapag-Lloyd signed a sales and purchase agreement back in March, which HLPFI reported here. The company said the acquisition will support its growth strategy in Africa.
“We are very excited about closing the deal and look forward to working with our new colleagues to unlock the enormous potential that Africa has to offer”, said Rolf Habben Jansen, ceo of Hapag-Lloyd.
Depending on market conditions, Hapag-Lloyd and NileDutch are aiming to integrate major parts of their businesses in the later part of 2021 to be able to offer the full benefits of the combined network to their customers as soon as possible.
According to Hapag-Lloyd, the integration will be moving at a swift pace and full commercial integration is expected to be completed by the end of 2021.