Wilhelmsen Ships Service reports Eurokor deal closed
Wilhelmsen Ships Service has announced that the finalisation of the acquisition, first announced last month, of Eurokor Logistics, a ships agency, logistics and forwarding company based in the Netherlands and Belgium, took place on the first of April.
"The Netherlands and Belgium are key strategic locations for our customers and Eurokor will be a valuable addition to our ships agency and logistics expertise in this market", commented Bård Bjørløw, VP Europe at Wilhelmsen Ships Service. "We need to continuously adjust our company's offer to meet our customers' needs and wants and Eurokor has demonstrated first class capabilities in agency and bulk cargo. With their freight forwarding expertise, they will strengthen our offers to customers handling dry -, wet - and break-bulk cargo."
Wilhelmsen Ships Service already offers ships agency services in the Netherlands and Belgium, but with the addition of Eurokor Logistics the company will now have the ability to offer customers a complete value chain from port to final destination. "Strengthening our ships agency and maritime logistics offers is a key driver in our commercial strategy moving forward. With the new set-up we can now offer barge transportation to a majority of inland cities situated on the largest rivers across Europe," concludes Bård.
An integration team has been set up to handle the transition and the integration period is scheduled from Q2 to Q4, 2011.