The German box carrier Hapag-Lloyd has successfully closed the acquisition of the Dutch container shipping company Nile Dutch Investments B.V., with the commercial integration to be completed by the end of the year.
After signing a sales and purchase agreement in March, the deal has been approved by worldwide antitrust authorities and completed between the parties with Hapag-Lloyd having now formally acquired all shares of NileDutch.
The two companies are aiming to integrate major parts of their businesses already in the later part of 2021 to be able to offer the full benefits of the combined network to their customers, according to an announcement.
NileDutch's roughly 320 employees will be integrated into the Hapag-Lloyd team. “With the people from NileDutch joining our company, Hapag-Lloyd is noticeably increasing the number of employees on the ground in Africa," commented Rolf Habben Jansen, CEO of Hapag-Lloyd.
Headquartered in Rotterdam, NileDutch is present in 85 locations across the world and has 16 offices in the Netherlands, Belgium, France, Singapore, China, Angola, Congo and Cameroon. The company also has seven liner services, around 35,000TEU of transport capacity, and a container fleet with a capacity of approximately 80,000TEU.