December 22 - Hutchison Ports has acquired a 50 percent shareholding in TMA Logistics.
TMA Logistics has a variety of general cargo terminal operations together with warehousing, shipping, logistics and project cargo activities at three sites in Amsterdam and one in Antwerp as well as at the Hutchison Ports' Amsterdam Container Terminal (ACT).
Commenting on the acquisition, Clemence Cheng, executive director, Hutchison Ports, said: "The acquisition of a 50 percent stake in TMA Logistics complements both our existing operations in Amsterdam and the activities of Hutchison Logistics.
"Together with TMA, we will maximise the benefits of operating through Hutchison Ports' network to develop new business opportunities in areas including short-sea container traffic, ro-ro, vehicle handling, and general and project cargo."
Gerben Matroos, managing director of TMA, added: "With this step we have the opportunity to grow sustainably in the Amsterdam-Rotterdam-Antwerp range. With the worldwide network of Hutchison Ports, we are now able to expand our activities substantially.
"The North Sea Canal terminals in Velsen and Amsterdam are ideally located for offshore activities related to oil, gas and wind energy. Also, local hubs for markets in building and construction materials have great potential. Short sea connections from the Amsterdam terminal include Sweden, Finland, UK and Norway, together with rail connections to Germany and China."
The value of the transaction has not been disclosed.