The aquisition of the Bremen-headquartered firm, effective Monday, was conducted via the TGP subsidiary Natco Holding AG, based in Switzerland. Christian Hager, Natco Germany managing director, will retain his current role and additionally assume leadership for TGP Germany.
The Natco deal also establishes TGP as a majority stakeholder in the Brazilian transport company NPT Brasil Projetos & Transportes Internacionais LTDA (NPT), which has two hubs in the South American nation, Sao Paolo and Rio de Janeiro. Marco Bregoli will continue to serve as NPT’s managing director.
Both NPT and Natco GmbH offer a similar portfolio of international logistics services to that of the Trans Global Projects Group and are leading global specialists in project management and heavylift transports, TGP said in the announcement. “Their integration into the TGP Group will allow individual business units to profit from a strengthened portfolio of shared services, with the goal of fostering closer cooperation within the group in the future.
“With its headquarters in the United Kingdom, the Trans Global Projects Group also has an eye to expanding its presence in Europe and South America with the two latest additions to the TGP family,” the announcement said.
Following the launch of new subsidiaries in Istanbul, Turkey and Dalian and Shanghai, China, earlier this year, the Natco Germany and NPT Brazil acquisitions represent the third network expansion for TGP in 2018. Whereas the Turkish and Chinese subsidiaries are operated under the Trans Global Projects name, both Natco GmbH in Germany and Natco AG in Switzerland will continue to operate under the Natco brand.
“With the acquisition of Natco GmbH and NTP Brazil, we’re not only continuing with our growth strategy, but are also further enhancing our group portfolio with the addition of strong and competent partners,” said Joerg Roehl, CEO of Europe Trans Global Projects and Natco AG. “By concentrating and harnessing our competencies and expertise within the group, we will be able to provide our customers with an even wider range of services and products in the future.”
Hager said, “As our industry and markets continue their constant evolution, especially in the area of project management, partner networks will only gain in importance.
“Starting today, we are looking forward to working side by side with project logistics experts and joining forces between our networks,” Hager said.
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