Four months since its announcement of the acquisition of NileDutch, shipping major Hapag-Lloyd has successfully closed the deal.
“After signing a sales and purchase agreement in March, Hapag-Lloyd has now formally acquired all shares of the company after approval of the transaction by all responsible antitrust authorities,” said CEO Rolf Habben Jansen.
“We look forward to working with our new colleagues to unlock the enormous potential that Africa has to offer.”
NileDutch’s roughly 320 employees will be absorbed into the company.
Depending on market conditions, the two lines are aiming to integrate major parts of their businesses in the latter part of 2021.
With 40 years’ experience in the market, NileDutch operates along the West African coast. Headquartered in Rotterdam, it is present in 85 locations across the world and has 16 offices in the Netherlands, Belgium, France, Singapore, China, Angola, Congo and Cameroon. The company also brings with it seven liner services, around 35 000 TEUs of transport capacity, and a container fleet with a capacity of around 80 000 TEUs.
