DFDS will acquire 98.8 % of the shares in the shipping company U.N. Ro-Ro from Turkish private equity companies Actera and Esas for €950 million. U.N. Ro-Ro is Turkey’s largest operator of Ro-Ro freight ships.
U.N. Ro-Ro operates five major routes between Turkey and the EU, connecting the Turkish ports of Pendik, Ambarli and Mersin with Trieste and Bari in Italy, Toulon in France and Patras in Greece. The company operates and owns a fleet of 12 large Ro-Ro ships and operates port terminals in Pendik, Istanbul, and Trieste in Italy. In cooperation with rail operators, U.N. Ro-Ro also offers intermodal transport between key EU markets and the ports.
“Turkey’s economy is among the world’s 18th largest and trade with the EU is growing. Since U.N. Ro-Ro was founded in 1994, seaborne trade has continued to take market shares from road transport where congestion, border controls and customs formalities hinder the flow. Today, 55 % of the trade is seaborne – and the share continues to grow, benefitting not least U.N. Ro-Ro, which is the major operator in this market,” says Niels Smedegaard, CEO & President of DFDS A/S.
“The operation of Ro-Ro ships and operation of port terminals handling a high number of unaccompanied trailer units – and containers for reloading to rail transport in the ports – are very similar to DFDS’ business in the North Sea. So are the goods transported – machinery, automotive parts, vehicles, electronics, computers, plastic products, textiles, clothing, food, fruit, beverages and other,” says Niels Smedegaard. DFDS is even familiar with the ships as they were all built at the Flensburg Shipyard in Germany where DFDS has also been building efficient ships of a similar modern design.
“U.N. Ro-Ro is a highly profitable company, and we are confident that joining forces will create new exciting opportunities as we can expand services to new customers and combine the two sales organisations,” says Niels Smedegaard, CEO & president, DFDS A/S.
“I look very much forward to welcoming U.N. Ro-Ro to DFDS. I am also very pleased that the skilled and professional management of U.N. Ro-Ro have decided to stay with us and help us ensure that all our current and new employees and customers benefit from this,” says Niels Smedegaard.
Copyright (C) PortSEurope. All Rights Reserved. 2018.