News Release – Consortium acquires Euroports Holdings Group – June 28, 2019
A consortium consisting of R-Logitech, a subsidiary of Monaco Resources Group as majority shareholder, and PMV and FPIM, two Belgian investment firms, each for an equal share and as minority shareholder, has completed the acquisition of Euroports Holdings Sarl.
Euroports is one of the largest maritime infrastructure companies in Europe, operating 26 deep-sea port terminals, which are strategically located along key trade routes. Its over 3,000 employees develop, operate and manage global maritime supply chain solutions for international clients across several industry sectors. Euroports handles more than 60 million tons of bulk, breakbulk, containerized and liquid products per year for industry-leading companies with whom it has long-term relationships.
It operates terminal facilities in Belgium, Germany, China, Turkey, Italy, Bulgaria, Finland, Spain and France.
Earlier in June, the European Commission has approved the acquisition of joint control over Euroports Holdings S.à r.l. of Luxembourg by Monaco Resources Group (MRG) of Monaco, Participatie Maatschappij Vlaanderen (PMV) and Société fédérale de participations et d’investissement – Federale participatie -en investeringsmaatschappij (SFPI-FPIM), both of Belgium.
The new shareholders see a significant growth opportunity at Euroports, as the company executes its five-year business plan, continues to deliver on its goals of providing best-in-class services, and expands into new geographies and products.
R-Logitech has a successful track record of managing ports and terminals on an international scale, with both PMV and FPIM bringing significant experience in managing critical infrastructure and companies like Euroports. All three new shareholders will be valuable partners to the business going forward, dedicated to developing the business further in Europe – and globally. They also see significant benefits that R-Logitech’s parent company, Monaco Resources Group, will bring to Euroports as an operational and industrial partner.
Frederic Platini, CEO of R-Logitech, said: “We are delighted to have acquired Euroports, together with our investment partners PMV and FPIM. We are committed to Euroports’ long-term investment plan whilst focusing on delivering a world class supply chain solution to our customers across the globe”.
Michel Casselman, CEO of PMV, said: “PMV is delighted to form this strategic partnership with R-Logitech and FPIM, as it combines operational expertise with financial strength and local knowledge. Together these partners create a platform that can perpetuate sustainable growth in Flanders and internationally”.
Koen Van Loo, CEO of SFPI-FPIM stated: “SFPI-FPIM is proud to close the acquisition of Euroports today, a very important operator within the logistic chain of the port business, a strategic sector for the Belgian economy. We are convinced that with the combined strengths of the consortium partners PMV and R-Logitech, SFPI-FPIM can help set Euroports on a healthy growth path.”
Charles Menkhorst, CEO of Euroports Holdings Sarl is convinced that the arrival of our new shareholders will strengthen the prospects for a successful future of the Euroports group”
Euroports is one of the largest maritime infrastructure companies in Europe. It develops, operates and manages global marine supply solutions for a large number of international customers in various industries, and processes more than 60 million tons of bulk, general cargo, liquid cargo and containerized products per year.
R-LOGITECH is an international logistics and technology services provider focused mainly on the natural resources sector. The group’s primary business lines are logistics, terminal management, technology solutions and procurement. Africa is a particular focus and the group also has European offices in Paris, Vienna, London and Monaco. R-LOGITECH is a subsidiary of Monaco Resources Group S.A.M.
PMV is an investment company focused on the economic future of Flanders. PMV finances promising companies from the very start to growth and internationalization. PMV offers tailor-made financial solutions for every entrepreneur with a solid business plan and a strong management team, by providing (venture) capital, loans or guarantees.
FPIM is an investment company fully owned by the Belgian State. The investment portfolio of FPIM consists of stakes in public and private enterprises of strategic interest to the Belgian State.
Copyright (C) PortSEurope. All Rights Reserved. 2019.