{"id":75919,"date":"2024-01-04T00:00:00","date_gmt":"2024-01-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/01\/04\/uks-inchcape-snaps-up-a-big-stake-in-norways-leth-suez-transit\/"},"modified":"2024-01-04T00:00:00","modified_gmt":"2024-01-04T00:00:00","slug":"uks-inchcape-snaps-up-a-big-stake-in-norways-leth-suez-transit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/01\/04\/uks-inchcape-snaps-up-a-big-stake-in-norways-leth-suez-transit\/","title":{"rendered":"UK\u2019s Inchcape snaps up a big stake in Norway\u2019s Leth Suez Transit"},"content":{"rendered":"

<\/strong>UK-based port agency and marine services provider <\/strong>I<\/a><\/strong>nchcape Shipping Services<\/a><\/strong> has<\/strong> acquired an undisclosed significant stake in Norwegian transit agent <\/strong>Leth Suez Transit<\/a><\/strong>, according to a statement<\/a>. Inchcape did not disclose the financial value of the acquisition.<\/p>\n

About Leth: <\/strong>Established in 1924 as a bunker supplier in Egypt, Leth has developed into a globally recognized transit agent, managing upwards of 200 transits per month in the Suez Canal. Inchcape Shipping Services is a portfolio company of private equity player Epiris, it represents clients at over 85% of the world\u2019s ports across 60 countries, the statement said.<\/p>\n

It will be business as usual:<\/strong> The move will see Leth CEO Otto Jervell (Linkedin<\/a>) continue to head the company as part owner. The makeup of Leth\u2019s team and its current operations are set to be unaffected by the transaction, the statement notes. <\/p>\n

Both companies stand to gain: <\/strong>The acquisition will see Leth benefit from Inchape\u2019s infrastructure and digital transformation knowhow, boosting the company\u2019s plans for global expansion. Inchcape will in turn benefit from Leth\u2019 brand strength, customer portfolio, and solution-based value proposition, the statement notes. <\/p>\n","protected":false},"excerpt":{"rendered":"

The move will give a boost to Leth\u2019s plans to expand internationally.<\/p>\n","protected":false},"author":1,"featured_media":75920,"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":[49,137,196],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-75919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-egypt","tag-ma-watch","tag-suez-canal-economic-zone","wpautop","entry"],"acf":{"mongo_id":"084bfb6c-9e06-4e40-b2da-a8ef2403a877","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/259.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UK\u2019s Inchcape snaps up a big stake in Norway\u2019s Leth Suez Transit","related_issue":[75914],"teaser":"The move will give a boost to Leth\u2019s plans to expand internationally.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.f899950a-60ad-464a-94b8-d60cc0795441.mp3"},"yoast_head":"\nUK\u2019s Inchcape snaps up a big stake in Norway\u2019s Leth Suez Transit - 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