HHLA ACQUIRES ESTONIA’S BIGGEST TERMINAL
OPERATOR TRANSIIDIKESKUSE AS
- Complete takeover of a high-performing
company in the Port of Muuga
- Chairwoman of the Executive Board,
Angela Titzrath: HHLA is also growing internationally
- Entry into regional market with growth
potential
/ 26.03.2018
https://hhla.de/en/2018/03/hhla-acquires-estonias-biggest-terminal-operator-transiidikeskuse-as.html
Hamburger Hafen und Logistik AG (HHLA) acquires Estonia’s biggest
terminal operator Transiidikeskuse AS. A corresponding contract was signed on
26 March. The new subsidiary will be allocated contractually and
organisationally to HHLA International GmbH.
This will make
HHLA the market leader in container handling at the Port of Muuga, located
close to the Estonian capital Tallinn.
Since 2005,
HHLA is also operating a container terminal outside of Hamburg in the Ukrainian
city of Odessa.
Regarding the
acquisition of Transiidikeskuse AS, Angela
Titzrath, Chairwoman of HHLA’s Executive Board, explains: “Estonia is one
of the fastest-growing economies in Europe and a pioneer when it comes to
digitisation. We are therefore pleased to be integrating Transiidikeskuse AS –
already a profitable and high-performing company – into the HHLA family. One of
HHLA’s targets is to grow internationally. The successful conclusion of this
contract shows that we are doing just that. The acquisition enables us to enter
a promising regional market that offers growth potential as a result of its
geographic position and its link to the ‘New Silk Road’. As Hanseatic cities,
Hamburg and Tallinn share a long history, to which HHLA is now adding a new
chapter. At the same time, we will
continue to enhance the Port of Hamburg by investing in facilities and
technology. We are a Hamburg-based company, at home in Europe and operating
globally.”
Anatoli Kanajev, founder and owner of Transiidikeskuse
AS, explained: “I am glad to hand over responsibility for Transiidikeskuse AS
(TK) to HHLA. HHLA has extensive experience and expertise as a container
terminal operator. This will ensure that Transiidikeskuse AS will be successful
in the future and will also see sustainable development.” Mr Kanajev will be
part of the TK Supervisory Board.
The Port of
Muuga is the main port in Estonia and an important maritime location in the
Baltic region. The company newly acquired by HHLA is the clear market leader in
container handling in the Baltic country and also operates a multipurpose
terminal for break bulk, bulk and RoRo handling. The location is developing
into a multimodal hub as a result of regional infrastructural projects (such as
the Rail Baltica project). With the acquisition of Transiidikeskuse AS, HHLA is
expanding its regional diversification.
The container
terminal currently has a high utilisation of its capacity of approximately 300
thousand TEU which can be increased to around 800 thousand TEU. HHLA expects to
leverage synergies by further professionalising sales and operations and
integrating the port operator into the HHLA network.
Completion of
the transaction is subject to various conditions precedent and is expected to
occur in the second quarter of 2018. HHLA’s Supervisory Board has already
approved the acquisition.
Kantauro OÜ sells its shareholding in
Transiidikeskuse AS
27.Mar.2018
Today, on March
26, Kantauro OÜ and HHLA International Gmbh signed a transaction, in which the
latter acquired from the former 100% of Transiidikeskuse AS shares.
“Transiidikeskuse
AS is my life’s work. Together with the company’s employees, of which many are
here since its inception 25 years ago, developed one of the most effective and
technological container terminals in the Baltic Sea area. The business employs about a quarter thousand people and is the second
home and a community for many Estonian dockers and transit field specialists,”
commented Anatoli Kanajev, Transiidikeskuse AS chairman of the supervisory
board.
HHLA
International Gmbh, that acquired Transiidikeskuse AS, is a leading European
company in the port and transport logistics services and millions of TEUs in
container cargo move through its terminals annually. HHLA is listed on the
Frankfurt main stock exchange and on the Hamburg exchange – Hamburg City is a
large shareholder in the company.
“I am glad that
Transiidikeskuse is acquired by a company who is dedicated to linking together
North and Baltic Sea ports with the Central and Eastern Europe hinterland
markets. This transactions links Estonia and Muuga into the heart of Hamburg,
where HHLA operates 3 terminals. The negotiations have not been easy but the
knowledge that the company will be in good hands and that the new owner will
open the next chapter in the history of Estonian transit history, made
concluding the transaction easier,” said Kanajev.
Regarding the
acquisition of Transiidikeskuse AS, Angela Titzrath, Chairwoman of HHLA’s
Executive Board, explains: “Estonia is one of the fastest-growing economies in
Europe and a pioneer when it comes to digitisation. We are therefore pleased to
be integrating Transiidikeskuse AS – already a profitable and high-performing
company – into the HHLA family. One of HHLA’s targets is to grow internationally.
The successful conclusion of this contract shows that we are doing just that. The acquisition enables us to enter a
promising regional market that offers growth potential as a result of its
geographic position and its link to the ‘New Silk Road’. As Hanseatic
cities, Hamburg and Tallinn share a long history, to which HHLA is now adding a
new chapter.
Completion of
the transaction is subject to various conditions precedent and is expected to
occur in the second quarter of 2018. HHLA’s Supervisory Board has already
approved the acquisition.
The seller was
advised by law office Derling.
Transiidikeskuse
AS is a specialized container and general cargo terminal operator in Muuga
Puort.
Additional
info:
Meta Advisory
Public
relations and government affairs advisors
media@tk.ee
Hans-Jörg
Heims, Head of Corporate Communications;
Hamburger Hafen
und Logistik AG
Phone
+49-(0)40-3088-3521
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