Tokyo: Wilhelmsen Ships Service (WSS) has purchased a 49% stake in Japan-based Wilhelmsen Aall Ships Service Pte Ltd from Aall & Company. The move allows WSS 100% ownership of Wilhelmsen Aall Ships Service fully absorbing what was previously a joint venture company formed with Aall & Company in 2005. It is expected to accelerate the combination of resources and business opportunities within the existing Wilhelmsen Ships Service entities already in Japan.
Neal de Roche, area director North East Asia explains the process. "A management restructure during 2008 moved Wilhelmsen Aall Ships Service considerably forward" he said. "Customer feedback over the next couple of years was very positive and the company gained considerable market share in that period."
"It has always been our priority to ensure we operate with daily Wilhelmsen Ships Service values, governance and policies. This acquisition will allow us to move at a faster pace in aligning ourselves with the overall strategy and vision we have for the future in the region."
The acquisition will benefit Wilhelmsen Ships Service is said to provide an improved offer towards its customer base, internally synergies, location and overall teamwork approach for Japan. Wilhelmsen Ships Service supplies Unitor marine products, technical services, ships agency services and maritime logistics. [21/04/10]
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