UK-based Trans Global Projects (TGP) has acquired Germany’s Natco GmbH, effective October 1, 2018.
The takeover of the Bremen-headquartered firm is being conducted via TGP’s subsidiary Natco Holding, based in Switzerland. Christian Hager, managing director of Natco Germany, will retain his current role and additionally assume leadership for TGP Germany in the future.
The Natco deal also establishes TGP as a majority stakeholder in the Brazilian transport company NPT Brasil Projetos & Transportes Internacionais (NPT). Marco Bregoli will continue to serve as NPT’s managing director.
Both NPT and Natco GmbH offer a similar portfolio of international logistics services to that of the TGP, and are specialists in project management and heavy lift transports. According to TGP, their integration into the group serves to expand its presence in Europe and South America.
Following the launch of new subsidiaries in Turkey (Istanbul) and China (Dalian and Shanghai) earlier this year, the Natco Germany and NPT Brasil acquisitions represent the third network expansion for TGP in 2018.
While the Turkish and Chinese subsidiaries are operated under the TGP name, both Natco GmbH in Germany and Natco AG in Switzerland will continue to operate under the Natco brand.