Wednesday, March 28, 2018

Break Bulk, RoRo and Multipurpose Freight Handling Company Acquired by German Group

Baltic Base Port Suits Logistics and Transport Operator
Shipping News Feature
ESTONIA – German logistics and transport firm, Hamburger Hafen und Logistik AG (HHLA), has signed an agreement with Kantauro OÜ to purchase 100% of the share of Transiidikeskuse AS, a specialised container freight and multipurpose cargo terminal operator handling everything from break bulk to RoRo, and based at the Muuga Harbour at the Port of Tallinn in Estonia. Upon completion of the transaction, expected in the second quarter of 2018, Transiidikeskuse will become a subsidiary of HHLA International. Angela Titzrath, Chairwoman of HHLA's Executive Board, commented:

“Estonia is one of the fastest-growing economies in Europe and a pioneer when it comes to digitisation. We are therefore pleased to be integrating Transiidikeskuse AS, already a profitable and high-performing company, into the HHLA family. One of HHLA’s targets is to grow internationally. The successful conclusion of this contract shows that we are doing just that.

“The acquisition enables us to enter a promising regional market that offers growth potential as a result of its geographic position and its link to the ‘New Silk Road’. As Hanseatic cities, Hamburg and Tallinn share a long history, to which HHLA is now adding a new chapter. At the same time, we will continue to enhance the Port of Hamburg by investing in facilities and technology. We are a Hamburg-based company, at home in Europe and operating globally.”

The newly acquired company utilises the terminal’s key maritime location in the Baltic region to operate a multipurpose terminal for break bulk, bulk and RoRo handling, with the container terminal capable of handling approximately 300,000 TEU which can be increased to around 800,000 TEU. HHLA expects to leverage synergies by further professionalising sales and operations and integrating the port operator into the HHLA network. Anatoli Kanajev, founder and owner of Transiidikeskuse AS and who will be part of the TK Supervisory Board, explained:

“Transiidikeskuse AS is my life’s work. Together with the company’s employees, of which many are here since its inception 25 years ago, developed one of the most effective and technological container terminals in the Baltic Sea area. The business employs about a quarter of a thousand people and is the second home and a community for many Estonian dockers and transit field specialists.

“I am glad that Transiidikeskuse is acquired by a company who is dedicated to linking together North and Baltic Sea ports with the Central and Eastern Europe hinterland markets. This transactions links Estonia and Muuga into the heart of Hamburg, where HHLA operates 3 terminals. The negotiations have not been easy but the knowledge that the company will be in good hands and that the new owner will open the next chapter in the history of Estonian transit history, made concluding the transaction easier.”