The deal will see Wilhelmsen acquire 100% of Vopak and 50% of Diize, a software company which will continue as a joint venture between Vopak Ventures and Wilhelmsen.
Vopak Agencies will be transferred to Wilhelmsen Port Services once the deal clears the necessary conditions and is closed, which is expected to happen in the fourth quarter.
“In the interim, both Wilhelmsen Port Services and Vopak Agencies will continue to operate as separate companies with no changes for customers or partners,” said Wilhelmsen.
Vopak is a prominent agency in the Amsterdam-Rotterdam-Antwerp region and beyond, with offices in Rotterdam, Antwerp, Terneuzen, Amsterdam, Hamburg, and Gothenburg. The company has a 180-year history and is well-established in the tanker and offshore port agency markets.
Neal de Roche, President, Wilhelmsen Port Services, said: “This opportunity came at a perfect time for us. With our ambitious growth strategy, expansion of services in the port value chain and recent rebranding in place, joining forces with Vopak Agencies and Diize ticks all the boxes. I am impressed with the strong position that the Vopak team has built within hub services and port agency and really look forward to bringing their knowledge and experience to our global network of customers. Diize also offers great opportunities in terms of shaping the port experiences of the future.”
Patrick van der Voort, Division President Vopak Europe and Africa, said: “Although within Vopak we will surely miss our colleagues at our agencies organization, we are convinced that the agency customers and colleagues will benefit from becoming part of the Wilhelmsen network, with the agency business as their core activity.”
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