WWL Takes Over CAT-WWL

Image Courtesy: WWL

Scandinavian provider of RoRo shipping and vehicle logistics services Wallenius Wilhelmsen Logistics (WWL) has entered into an agreement with partner company Groupe CAT to acquire its 50% shares in CAT-WWL, a joint venture network of ten vehicle processing facilities based in South Africa.

“This acquisition is strategically important to WWL”, says Kai Kraass, Chief Operating Officer at Wallenius Wilhelmsen Logistics.

“As a leading global shipping and logistics provider, WWL will continue to expand its land-based operations to support vehicle manufacturers’ value chain and supply chain needs in the South Africa market and around the world.”

Completion of the transaction is subject to approval by competition authorities in South Africa.

Established in 2006 as a joint venture by WWL and Groupe CAT, CAT-WWL South Africa operates ten processing facilities that provide finished vehicles services, storage management and technical solutions. The business employs more than 800 workers.

In 2015, Wallenius Wilhelmsen Logistics serviced more than 6.3 million cars and heavy machinery at its 62 vehicle and equipment processing facilities around the globe.

 

Share this article

Follow World Maritime News

Posted on January 19, 2016 with tags , .

In Depth>

Events>

<< Apr 2018 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

Singapore Maritime Week 2018

Singapore Maritime Week (SMW), organised annually by Maritime and Port Authority of Singapore (MPA) and attracts…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >