Rotterdam company acquires major share of local logistics major

The privately owned global logistics and warehousing company C. Steinweg - Handelsveem B.V. (C. Steinweg) has entered into an agreement to acquire a majority interest in South African logistics company Bridge Shipping. The transaction is subject to statutory and Competition Commission approvals. C. Steinweg is headquartered in Rotterdam and has been a major player in the logistics and warehousing industry for the past 165 years Bridge was established 32 years ago and has evolved into the largest exporter of containerised cargo by rail in southern Africa, says CEO Colin Emanuel. “This acquisition will enable Bridge to offer its clients a global solution to their shipping requirements using C. Steinweg’s 77 locations in 32 different countries,” said Emanuel. “The Bridge Shipping brand will remain unchanged," Emanuel added.