The container terminal operator reached an agreement with joint venture partner Aarhus Service Holding for the purchase of the remaining 40 percent of the existing APM Terminals-Aarhus terminal.
APM Terminals has reached an agreement with joint venture partner
Aarhus Service Holding for the purchase of the remaining 40 percent of
the existing APM Terminals-Aarhus terminal.
The current business
entity and ownership structure was created in August 2010, when APM
Terminals Aarhus and the Cargo Service A/S subsidiary of Aarhus Service
Holding A/S combined their adjacent facilities in a 60/40 joint venture
now operating as APM Terminals-Aarhus A/S, in which APM Terminals is
the majority shareholder. The transaction will give APM Terminals full
ownership of the facility.
Financial terms of the deal were not disclosed.
“This acquisition reflects our confidence in the Danish market and our
goal to expand our Scandinavia profile,” said Joe Nicklaus Nielsen, vice
president and head of port Investments for APM Terminals.
The
Port of Aarhus is close to the industrial center of Western Denmark, and
is Denmark’s second largest city by population. With a depth of 15
meters, four super post-Panamax cranes and three post-Panamax cranes,
APM Terminals-Aarhus is able to accommodate ultra-large container ships
and feeder vessels alike.
Container throughput at Aarhus
has grown consistently over the past four years from 399,000 TEUs in
2012 to 442,000 TEUs in 2015.
APMT to acquire full ownership of terminal in Aarhus
