APMT to acquire full ownership of terminal in Aarhus

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.