{"id":72840,"date":"2023-08-16T00:00:00","date_gmt":"2023-08-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/16\/qterminals-to-acquire-majority-stake-in-rotterdam-ports-kramer-group\/"},"modified":"2023-08-16T00:00:00","modified_gmt":"2023-08-16T00:00:00","slug":"qterminals-to-acquire-majority-stake-in-rotterdam-ports-kramer-group","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/16\/qterminals-to-acquire-majority-stake-in-rotterdam-ports-kramer-group\/","title":{"rendered":"Qterminals to acquire majority stake in Rotterdam Port\u2019s Kramer Group"},"content":{"rendered":"

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

What\u2019s Kramer Group? <\/strong>It\u2019s a major player in the Netherlands\u2019 Rotterdam Port \u2014 the largest European port \u2014 operating in six different locations inside the port which are all connected to its main terminals, the statement said. <\/p>\n

What they said: <\/strong> \u201cKramer Group has both core and strategic importance to the Port of Rotterdam, as it supplements the port\u2019s activities whilst having direct access to the deep-sea terminals of the Port of Rotterdam,\u201d Qterminals CEO Neville Bissett said in a statement<\/a>.<\/p>\n

Further European expansion for Qterminals? <\/strong> \u201cThe acquisition of the Kramer Group by QTerminals allows its entry and presence in the largest port in Europe which makes QTerminals Group\u2019s position stronger in relation to future opportunities in Europe and other developed global markets,\u201d Bissett added.<\/p>\n

\u201cKey\u201d Kramer management + employees to stay on board: <\/strong>The CEO of Kramer Group, Andre Kramer, will stay on board upon the completion of the acquisition, along with \u201ckey management personnel and employees,\u201d Bissett said in a. <\/p>\n

About QTerminals: <\/strong> 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<\/a>. The company is responsible for enabling Qatar\u2019s imports, exports, and maritime trade flows by providing container, general cargo, roro, livestock, and offshore services in Qatar\u2019s Hamad Port. <\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":72841,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[17,137,549,153,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-72840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterprise-logistics","tag-ma-watch","tag-port","tag-qatar","tag-shipping-maritime","wpautop","entry"],"acf":{"mongo_id":"5e5a5c65-df5f-4c00-992b-7457ddcdeba0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/800.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Qterminals to acquire majority stake in Rotterdam Port\u2019s Kramer Group","related_issue":[72835],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.f59d1445-8e14-4e70-83bb-c3a874b1509a.mp3"},"yoast_head":"\nQterminals to acquire majority stake in Rotterdam Port\u2019s Kramer Group - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/08\/16\/qterminals-to-acquire-majority-stake-in-rotterdam-ports-kramer-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qterminals to acquire majority stake in Rotterdam Port\u2019s Kramer Group\" \/>\n<meta property=\"og:description\" content=\"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. 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