Wilhelmsen enters into an agreement to acquire Vopak Agencies

General – Acquisition

Wilhelmsen Port Services has entered into an agreement with Vopak to acquire 100% of Vopak Agencies and 50% of Diize.

Vopak Agencies and Diize are highly complementary and a perfect match for the global reach of Wilhelmsen Port Services’ maritime network of 2 200 ports.

Vopak Agencies has a strong track record within both hub services and port agency within the tanker segments in Europe and extensive experience within their field.

Diize is a Vopak developed digital software company aimed at the future of port orchestration.

The completion of the transaction is subject to predetermined conditions and works council advice and is expected to close later in the fourth quarter of this year. Vopak Agencies will transfer to Wilhelmsen Port Services once the deal is completed, while Diize continues as a joint venture between Wilhelmsen and Vopak Ventures. In the interim, both Wilhelmsen Port Services and Vopak Agencies will continue to operate as separate companies with no changes for customers or partners.

One of the key pillars of Wilhelmsen Port Services’ recently launched strategy is to be a leading local port partner in the markets it serves.

The acquisition of Vopak Agencies and its position as a tanker specialist in North-West Europe gives Wilhelmsen Port Services access to that unrivalled local knowledge.

Original Source: https://ocean-energyresources.com/2022/10/16/wilhelmsen-enters-into-an-agreement-to-acquire-vopak-agencies/