German international shipping and container transportation company, Hapag-Lloyd AG, has strengthened its market position within the African region by acquiring all shares of Dutch container shipping company, Nile Dutch Investments B.V. (NileDutch). Hapag-Lloyd is currently the world’s fifth-largest container carrier in terms of vessel capacity whereas, with 10 liner services and a fleet of around 80,000 TEU, NileDutch is a leading provider of container services to West Africa.
The CEO of Hapag-Lloyd, Rolf Habben Jansen stated, “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.”
Wim van Aalst, President of NileDutch, added: “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.”
The completion of the transaction is subject to the approval of the responsible antitrust authorities.