Hapag-Lloyd acquires NileDutch to strengthen position in the Africa market

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Ndaman Joshua Olayinkahttp://www.yinksmedia.com
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Hapag-Lloyd and NileDutch have signed a sale and purchase agreement where the German shipping firm, Hapag-Lloyd acquires all shares of the Dutch container shipping company Nile Dutch Investments B.V. (NileDutch).

NileDutch is one the leading providers of container services from and to West Africa. The company has over 40 years of expertise and present in 85 locations across the world with 16 own offices in the Netherlands, Belgium, France, Singapore, China, Angola, Congo and Cameroon. The company has its headquarters in Rotterdam and has about 350 employees worldwide with particular expertise in the African market.

With 10 liner services, around 35,000 TEU of transport capacity and a container fleet of around 80,000 TEU, NileDutch connects Europe, Asia and Latin America with West and South Africa.

Read more: German Shipping Firm, Hapag-Lloyd opens new office in Kenya

Rolf Habben Jansen, CEO of Hapag-Lloyd in a statement said “Africa is an important strategic growth market for Hapag-Lloyd. The acquisition of NileDutch strengthens our position in West Africa and will be an excellent addition to our existing activities on the continent. Our combined customer base will benefit from a denser network from and to Africa as well as from a much higher frequency of sailings. We welcome the new colleagues from NileDutch and hope that together we can further develop our business in Africa in the years to come.”

Wim van Aalst, President of NileDutch, added: “Hapag-Lloyd and NileDutch are a very good fit and I am happy that we join forces. Combining our business and expertise in West Africa with Hapag-Lloyd´s worldwide network will enable us to make the next step and further develop the Africa business.”

The media release quoted that” The completion of the transaction is subject to the approval of the responsible antitrust authorities.”

Related article: German shipping firm, Hapag-Lloyd expands to west Africa with new office in Nigeria

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