Hutchison Ports Buys 50 Pct of TMA Logistics
Illustration; Image Courtesy: Hutchinson PortsHutchison Ports has acquired a 50% shareholding in the Netherlands-based services company TMA Logistics B.V. (TMA).
“The acquisition of a 50% stake in TMA Logistics complements both our existing operations in Amsterdam and the activities of Hutchison Logistics,” Clemence Cheng, Executive Director, Hutchison Ports, said.
The Dutch company 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 the Hutchison Ports’ Amsterdam Container Terminal (ACT).
“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,” Cheng 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,” Gerben Matroos, Managing Director of TMA, commented.
TMA has a number of 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. MEO and ACS Logistics Amsterdam operate 120,000 m2 of warehousing.
