Maersk fuels growth with terminals acquisitions

With APM Terminals’ purchase of a majority stake in the leading Spanish container terminal operator, the Maersk Group executes on its strategy to invest in growth through the business cycle.

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The 11 acquired terminals add 4.3 million TEU in capacity and 3.5 million TEU in estimated annual container volumes to the APM Terminals portfolio. Above, TCB Barcelona container terminal.

The acquisition of Barcelona-based Grup Maritim TCB adds 11 terminals in Colombia, Brazil, Mexico, Guatemala, Turkey and Spain to APM Terminals portfolio.

With this deal the APM Terminals Global Terminal Network grows from 63 to 74 terminals in 40 countries across five continents. The 11 acquired terminals add 4.3 million TEU in capacity and 3.5 million TEU in estimated annual container volumes to the APM Terminals portfolio.

"Grup Maritim TCB is one of the best run terminal businesses in the market with a history dating back to 1972, when it was first established by the Perez-Maura family in Barcelona," says Kim Fejfer, CEO of APM Terminals.

"The company has earned a reputation for excellent service and professional people. Being a family company with these attributes makes a combination with APM Terminals a natural fit."

Latin America has been a strategic focus of the Maersk Group for some time and it has many investments in the region. The most recent example is the joint-venture multi-purpose terminal in Cartegena, Colombia.

The price and terms of the deal are not disclosed for competitive reasons. The transaction is expected to close by the end of the year and is subject to regulatory approval.

This is an exciting investment for APM Terminals and adds complementary locations to our portfolio in high growth markets throughout Latin America, in Turkey and a strong gateway presence in Spain.

Kim

KIM FEJFER, CEO APM TERMINALS

APM Terminals and Grup Maritim TCB

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