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Hong Kong : Hutchison Ports buys TMA's stake
Publish Date : 09-Jan-2018
Hong Kong's Hutchison Ports has bought a 50% stake in Amsterdam-based terminal and logistics operator TMA Logistics.
TMA has a range of general cargo terminal operations along with warehousing, shipping, logistics and project cargo activities at three sites in Amsterdam and one in Antwerp as well as at Hutchison Ports Amsterdam (former known as Amsterdam Container Terminal).
Speaking on the deal, Clemence Cheng, Executive Director, Hutchison Ports, said: The acquisition of a 50% stake in TMA Logistics complements both our existing operations in Amsterdam and the activities of Hutchison Logistics. We have developed a good working relationship with TMA over the last three years which has brought a range of operations to ACT. Together with TMA, we will maximise the benefits of operating through Hutchison Ports network to develop new business opportunities in areas including short-sea container traffic, ro-ro, vehicle handling, and general and project cargo.
Gerben Matroos, Managing Director of TMA, noted: With this step we have the opportunity to grow sustainably in the Amsterdam-Rotterdam-Antwerp range. With the worldwide network of Hutchison Ports, we are now able to expand our activities substantially. The North Sea Canal terminals in Velsen and Amsterdam are ideally located for offshore activities related to oil, gas and wind energy. Also, local hubs for markets in building and construction materials have great potential. Short sea connections from the Amsterdam terminal include Sweden, Finland, UK and Norway, together with rail connections to Germany and China.
