Qatar-based terminal operator QTerminals has signed a Sales and Purchase Agreement (SPA) with Kramer Group to acquire a majority stake in Kramer Holding B.V., a supplier of integrated logistics and container services based in the Port of Rotterdam.
“The acquisition of Kramer Group represents an important milestone in the expansion of Terminals, as the Port of Rotterdam is the largest port in Europe and is a significant addition to Terminals Group’s record of success in diversifying its operations,” said QTerminals in an announcement.
The agreement was signed on 15 August in Rotterdam by Neville Bissett, CEO of QTerminals, and André Kramer, CEO of the Kramer Group.
Kramer Group is an integrated container handling and storage, terminal, container development and logistics services provider, located in the Port of Rotterdam, and is the only independent terminal in the Maasvlakte area, and one of the few multi-user depot terminals in the Dutch port.
Additionally, the company operates in six different locations with network access to the principal terminals, of which five are at the Maasvlakte and one at the Eem-/Waalhaven, and has tri-modal transport options via rail, water and road.
