May 28 - S5 North Europe has reached an agreement to purchase 100 percent of the shares in Jardine Shipping Services from Jardine Pacific - a member of the Jardine Matheson Group.

Jardine Shipping Services offers a range of port agency and liner agency services, working out of 52 port offices covering some 200 major Asian ports.

Both S5 Europe and Jardine Shipping Services are shareholders of port agency organisation S5 Agency World.

S5 North Europe ceo and owner Karel Peters said that combining the two businesses would create a "market leader" in the Northern Europe and Asia shipping markets. "With more owned offices in our two regions than anyone else we are perfectly positioned to add real value," he added.

The transaction is expected to close in summer 2015.