Courtesy of Seafrigo
- Acquisition of 60% of the shares in CNMP LH successfully completed
- Hanseatic Global Terminals to expand terminal portfolio and strengthen competitive position in France
- Hanseatic Global Terminals CEO Dheeraj Bhatia: “Transaction will directly contribute to our Strategy 2030.”
Le Havre, France: Hanseatic Global Terminals (HGT) successfully completed the acquisition of 60 percent of the shares in CNMP LH from Seafrigo Group. CNMP LH operates the Atlantique container terminal in Le Havre, France, as an independent company for its customers worldwide. The remaining 40 percent of the shares in CNMP LH will continue to be held by Seafrigo Group, a company specialized in temperature-controlled food logistics. The contracting parties have agreed to not disclose any financial details of the transaction.
Le Havre numbers among the 10 largest ports in Europe and is the most important port for sea transport to and from France with an annual container throughput of 3 million TEU, and it offers excellent hinterland connections to Paris. The container throughput of the CNMP LH terminal is expected to grow in the coming years – including in the attractive reefer container business.
“By acquiring a majority stake in the CNMP LH terminal in Le Havre, we are strengthening our position in one of our core European markets. At the same time, we are continuing to expand our global terminal portfolio while paving the way for targeted investments to enhance efficiency. The transaction will therefore directly contribute to the vigorous realisation of our Strategy 2030,” said Dheeraj Bhatia, Chief Executive Officer (CEO) of Hanseatic Global Terminals (HGT).
“We are very pleased to have a strong partner at our side in Hanseatic Global Terminals, with whom we will continue to modernize the CNMP LH terminal in Le Havre. This will significantly raise the profile of our joint terminal as an important gateway for container transports in the Port of Le Havre,” said Eric Barbé, President of Seafrigo Group.
Terminal and infrastructure investments represent a crucial component of Hanseatic Global Terminals’ strategic agenda, aiming at further developing its portfolio to expand to more than 30 terminals by 2030.
About Seafrigo
For more than 40 years, Seafrigo Group has developed a worldwide network in food logistics within the refrigerated space, leading to business partnerships with global clientele and brands.
The company based in Le Havre, which is growing strongly both in France and internationally, now has its own infrastructures in 32 countries and has built up a global network of partners.
Seafrigo Group has 2,500 committed employees who organize the international transport of goods on 5 continents on a daily basis.
It is also the assurance of a controlled global logistics chain: reception of goods, port traction, storage at ambient or controlled temperature, order preparation, management of container loading, shipping, and delivery to the final recipient.
