Hutchison acquires 50% stake in TMA
Hutchison Ports has acquired a 50% stake in TMA Logistics to expand its activities in the Netherlands.
TMA has a variety of general cargo terminal operations together 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).
Clemence Cheng, executive director at 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.
“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, added: “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.”
TMA’s businesses Thor Antwerp and Thor Amsterdam provide terminal operations, logistics services, agency, forwarding and chartering as well as truck, barge and rail distribution in their respective ports. TMA also owns MEO and ACS Logistics Amsterdam, which operate 120,000m2 of warehousing.
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