Qterminals snaps up majority stake in Kramer: Qatar-based terminal operating company QTerminals has inked a sale and purchase agreement to acquire a majority stake in the Rotterdam-based logistics service provider Kramer Group, according to a statement. The statement did not disclose the exact size or value of the stake, or the timeline for the completion of the acquisition.

What’s Kramer Group? It’s a major player in the Netherlands’ Rotterdam Port — the largest European port — operating in six different locations inside the port which are all connected to its main terminals, the statement said.

What they said: “Kramer Group has both core and strategic importance to the Port of Rotterdam, as it supplements the port’s activities whilst having direct access to the deep-sea terminals of the Port of Rotterdam,” Qterminals CEO Neville Bissett said in a statement.

Further European expansion for Qterminals? “The acquisition of the Kramer Group by QTerminals allows its entry and presence in the largest port in Europe which makes QTerminals Group’s position stronger in relation to future opportunities in Europe and other developed global markets,” Bissett added.

“Key” Kramer management + employees to stay on board: The CEO of Kramer Group, Andre Kramer, will stay on board upon the completion of the acquisition, along with “key management personnel and employees,” Bissett said in a.

About QTerminals: QTerminals is jointly established by Qatar Ports Management company (Mwani Qatar), which owns 51% of the company, and Qatar Navigation (Milaha), which owns 49%, according to its website. The company is responsible for enabling Qatar’s imports, exports, and maritime trade flows by providing container, general cargo, roro, livestock, and offshore services in Qatar’s Hamad Port.

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