German container line Hapag-Lloyd has signed an agreement with African container shipping company NileDutch to acquire all the shares of Nile Dutch Investments.
The value of the deal has not been disclosed.
NileDutch has ten liner services, a transport capacity of around 35,000 twenty-foot equivalent units (TEU), and a container fleet of 80,000TEU.
Hapag-Lloyd CEO Rolf Habben Jansen said: “Africa is an important strategic growth market for Hapag-Lloyd. The acquisition of NileDutch strengthens our position in West Africa and will be an excellent addition to our existing activities on the continent. Our combined customer base will benefit from a denser network from and to Africa as well as from a much higher frequency of sailings. We welcome the new colleagues from NileDutch and hope that together we can further develop our business in Africa in the years to come.”
NileDutch president Wim van Aalst said: “Hapag-Lloyd and NileDutch are a very good fit and I am happy that we join forces. Combining our business and expertise in West Africa with Hapag-Lloyd’s worldwide network will enable us to make the next step and further develop the Africa business.”
Hapag-Lloyd stated that the transaction will be completed after receiving approval from the relevant antitrust authorities.
The company currently has a container capacity of approximately 2.7 million TEU. It also operates a fleet of 234 modern container vessels, with a total transport capacity of 1.7 million TEU.
In a recent development, Danish engineering and software company Logimatic signed a contract with Hapag-Lloyd for the replacement of several existing fleet management systems with SERTICA.
As part of the digital transformation project, Hapag-Lloyd will deploy SERTICA on more than 70 containerships to create a common Technical Fleet Management System for its fleets in Hamburg and Dubai.