Inchcape Transport Companies Holdings Restricted (Inchcape) has signed an settlement to amass Kennedy Hunter NV from Conti-Traces Group (previously Conti7).
The acquisition of Kennedy Hunter NV delivers England-based Inchcape’s strategic ambition to develop within the Northern European market and can vastly improve its protection and experience in Belgium, the place Kennedy Hunter NV relies.
The acquisition will enable Inchcape to construct its deal with Dry Bulk, Automobile Provider/RoRo dealing with and cargo brokerage.
Inchcape Belgium gives a various vary of maritime companies together with port company, husbandry, crew logistics companies, ship chandelling, bunker gasoline provide association, liner company, logistics companies to grease and fuel, development, dredging, cable-laying, cruise tourism and different sectors, army assist companies and maritime consultancy.
“We’re enthusiastic about welcoming the Kennedy Hunter workforce into the Inchcape household, by becoming a member of forces we’re capable of provide a fair higher worth proposition to our prospects in Belgium,” mentioned Frank G. Olsen, CEO of Inchcape Transport Companies.
“That is our first acquisition underneath the possession of Epiris and it demonstrates our intention and talent to drive optimistic consolidation inside the Port Company business.“
Jean-Frédéric Brion, CEO of the Conti-Traces Group, added: “During the last years, the Conti-Traces Group has progressively advanced into the route of Shipowner and Ship’s Operator actions, a maritime section that within the meantime has turn into the Group’s core enterprise.
“Subsequently, the choice was taken to switch the possession of the company set-up Kennedy Hunter from the Conti-Traces Group to Inchcape.
“By selecting Inchcape, a strong organisation specialising in company actions, Kennedy Hunter is left in skilled and certified palms, thereby safeguarding the authenticity and continuity of the corporate.
Conti-Traces will proceed to entrust its company actions in all Belgian ports to Kennedy Hunter.