APM Terminals has received a 25-year concession to operate the Skandia container terminal at the port of Gothenburg in Sweden.

The company said that it will invest $115m on equipment over the next five years to make the Skandia Container terminal more competitive as the North European hub of the Nordic region.

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APM Terminals said the transfer of management and operations for the facility is expected to take place in the first quarter of 2012.

The Port of Gothenburg has prepared its Ro-Ro, car and container terminals for privatisation, believing that private ownership of these terminals will boost investment, competitiveness and cargo volumes.

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