- R-LOGITECH becomes a leading provider of infrastructure logistics for the natural resources industry
Monaco, 25 June 2019 – R-LOGITECH S.A.M., an international provider of infrastructure and logistics services for the natural resources industry, and the Belgian sovereign wealth funds FPIM and PMV have completed today the acquisition of Euroports Holdings S.à.r.l.
Euroports handles an annual 60 Mt through 26 marine terminals, six dedicated customer sites, six inland terminals, and 16 forwarding offices. About half of its seaport terminals – handling dry and liquid bulk, breakbulk and containers – are in Belgium, with Antwerp as the stronghold. The others are spread across Europe and Asia. The Group boasts an aggregate 4.8 Mt of storage capacity and 34 km total quay length and has around 3,000 employees. It includes former leading brands such as Westerlund, Manuport and Rauma Stevedoring.
Frédéric Platini, CEO of R-LOGITECH: “We are delighted that our consortium could close the transaction today and are looking forward to growing Euroports, through the continuation of long-term planning as well as through the implementation of additional initiatives that the incoming shareholders will realise.”
Euroports will benefit from the cooperation with the other subsidiaries of R-LOGITECH and the synergies that its shareholder Monaco Resources Group will realise in view of volumes and product flows. Euroports will see significant growth especially in view of profitability over the next years.
As a result of the acquisition, R-LOGITECH becomes one of the leading providers of infrastructure and logistics for the natural resources industry with more than 40 ports and terminals, 4,500 employees and operations in more than 30 countries.
About R-LOGITECH S.A.M.:
R-LOGITECH is an international infrastructure and logistics service provider focused mainly on the natural resources sector. The Group’s primary business lines are port and terminal management, logistics and technology solutions.
R-LOGITECH is a subsidiary of Monaco Resources Group S.A.M.
For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 89 8896906-25
linh.chung@better-orange.de
Frédéric Platini
R-LOGITECH S.A.M.
+377 97 98 67 71
investorrelations@r-logitech.com