Mannheim, 12 August 2013 | Contargo GmbH & Co. KG have signed an agreement with APM Terminals (APMT) for the purchase of APM Terminals’ Neuss Intermodal Terminal GmbH (NIT). By this acquisition the service provider of intermodal hinterland transports is expanding its network at a central logistics site in North Rhine-Westphalia.
Representatives of both enterprises have signed the purchase agreement for the full acquisition of Neuss Intermodal Terminal GmbH (NIT). The agreement is subject to certain conditions and the actual transfer is expected during the last quarter of 2013. It has been agreed to observe confidentiality regarding the purchase price.
With the acquisition of the terminal in Neuss, Contargo is expanding its terminal network at one of the busiest locations between Duisburg and Coblenz and will be offering both rail and barge connections to the seaports of Rotterdam and Antwerp. It is planned to progressively expand the terminal over the next few years, to keep pace with growth in the Düsseldorf - Neuss region.
The divestment in Neuss is part of the new hinterland strategy for APM Terminals facilities in North West Europe. “Rather than investing in assets, APM Terminals will focus more on establishing partnerships to improve its hinterland connectivity“, says Martijn van Dongen, Regional Director Inland Services for APM Terminals. “By means of further and intense cooperation in the supply chain, APM Terminals aims to improve terminal efficiency and service levels“.
“With the acquisition of NIT we are reinforcing our strong operational position in Neuss. By taking over the terminal activities, Contargo will in future be providing transport, handling and depot services from one source in Neuss - an advantage which we definitely want to offer the many clients in the region”, says Thomas Löffler, Spokesman of the Contargo Management Board, commenting on this milestone in the development of the site.
NIT was founded in 2010 by APM Terminals and played a key role in its European Inland Services network. Recently the terminal has recorded approximately 100,000 container movements annually.
“We are convinced that Contargo is the right operator for the future of NIT” says Thijs van den Heuvel, Managing Director of Neuss Intermodal Terminal GmbH for APM Terminals. “The Company will implement ongoing development of the terminal and ensure a successful business future for the terminal, its clients and the employees of NIT.”
With a yearly transport throughput of approximately 1.7 million TEU, Contargo is one of the biggest container logistics networks in Europe. Contargo integrates container transport between the western seaports, the German North Sea ports and the European hinterland. The company has 27 container terminals at its disposal in Germany, France, Switzerland and the Czech Republic and has offices at seven other locations in Germany, the Netherlands, Belgium and Japan. Contargo also operates its own inland barge and rail lines. In 2012 the workforce of 800 employees achieved an annual turnover of 400 million Euro. Further information at: www.contargo.net.
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About APM Terminals – providing the port and inland infrastructure to lift global trade
APM Terminals’ Global Terminal Network of ports and inland services provides the infrastructure for the growth of international trade, 90% of which travels by sea. International commerce is an economic growth engine, creating jobs, lifting economies and improving people’s lives around the world. With its world headquarters in The Hague, Netherlands, the company’s core expertise is the design, construction, management and operation of ports, terminals and inland services, operating a Global Terminal Network of 25,000 employees in 68 countries including interests in 70 port and terminal facilities and over 170 Inland Services operations.
APM Terminals was named both “Port Operator of the Year” at the Lloyd’s List 2012 Global Awards and “International Terminal Operator of the Year” for 2012 by Containerisation International. www.apmterminals.com
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