Terminal Operations: APM Terminals
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APM Terminals to Acquire Grup Maritim TCB and its 11 Container Terminals in Europe and Latin America
APM Terminals has reached an agreement to acquire the majority stake of Perez y Cia in Barcelona-based Grup Maritim TCB and its maritime container terminal portfolio in Europe and Latin America. Grup Maritim TCB has 11 container terminals with an annual throughput capacity of 4.3 million TEUs and an estimated annual container volume of 3.5 million TEUs. The transaction is expected to close by the end of the year and is subject to certain conditions precedent, including relevant approvals. Terms and price were not disclosed.
Grup Maritim TCB consists of Spanish container terminal concessions in Barcelona, Valencia and Castellon on the Mediterranean coast, along with the concessions in Gijon on the Bay of Biscay, and in the Canary Islands at Santa Cruz on Tenerife and La Palma on Gran Canaria. Elsewhere, Grup Maritim TCB’s terminal operations include Izmir, Turkey; Yucatan, Mexico; Quetzal, Guatemala (under construction, opening 2016); Buenaventura, Colombia; and Paranaguá, Brazil.
APM Terminals CEO Kim Fejfer said "This is an exciting investment for APM Terminals, which adds complementary locations to our portfolio in high growth markets throughout Latin America, in Turkey and a strong gateway presence in Spain. Equally important, 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."
This latest portfolio expansion of the APM Terminals Global Terminal Network increases the number of operating facilities to 74 in 40 countries across five continents.
APM Terminals has reached an agreement to acquire the majority stake of Perez y Cia in Barcelona-based Grup Maritim TCB and its maritime container terminal portfolio in Europe and Latin America. Grup Maritim TCB has 11 container terminals with an annual throughput capacity of 4.3 million TEUs and an estimated annual container volume of 3.5 million TEUs. The transaction is expected to close by the end of the year and is subject to certain conditions precedent, including relevant approvals. Terms and price were not disclosed.
Grup Maritim TCB consists of Spanish container terminal concessions in Barcelona, Valencia and Castellon on the Mediterranean coast, along with the concessions in Gijon on the Bay of Biscay, and in the Canary Islands at Santa Cruz on Tenerife and La Palma on Gran Canaria. Elsewhere, Grup Maritim TCB’s terminal operations include Izmir, Turkey; Yucatan, Mexico; Quetzal, Guatemala (under construction, opening 2016); Buenaventura, Colombia; and Paranaguá, Brazil.
APM Terminals CEO Kim Fejfer said "This is an exciting investment for APM Terminals, which adds complementary locations to our portfolio in high growth markets throughout Latin America, in Turkey and a strong gateway presence in Spain. Equally important, 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."
This latest portfolio expansion of the APM Terminals Global Terminal Network increases the number of operating facilities to 74 in 40 countries across five continents.
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