ESL eyes AtoB@C acquisition

Finland’s ESL Shipping is set to acquire all of the outstanding shares of Swedish AtoB@C Shipping and AtoB@C Holding for approximately EUR30 million (USD34.9 million).

The transaction is subject to approval from Finland’s competition authorities, said ESL Shipping, a subsidiary of Aspo Group. It is estimated that the transaction will be completed in the third quarter of 2018.

AtoB@C’s fleet includes 30 ice-classed multipurpose vessels. Serving the Scandinavian and wider European markets, the company transports a variety of commodities including wood pulp, steel and sawn timber as well as project cargoes.

With the acquisition, ESL Shipping expects net sales to increase from EUR80 million (USD93.1 million) to approximately EUR160 million (USD186.2 million), based on figures from 2017.

www.eslshipping.com

www.aspo.com

www.atobatc.se

Heavy Lift | News

Universal acquires Southern Counties

August 13 - Universal Logistics Holdings, a provider of customised transportation and logistics solutions, has acquired Southern Counties Express.
Views: 315

Cosco completes OOCL takeover

August 1 - Cosco Shipping has completed the acquisition of Orient Overseas International Ltd (OOIL) and its subsidiary Orient Overseas Container Line (OOCL).
Views: 908

Barnhart on the acquisition trail

July 31 - Barnhart Crane and Rigging is set to acquire the crane and rigging operations, including all associated personnel and equipment, of Ohio-based Selinsky Force.
Views: 1067

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.