Business, Freight News, Logistics

Unifeeder to buy UFS

[ October 1, 2013   //   Chris ]

Unifeeder is to acquire United Feeder Services (UFS) and will combined their networks in Northern Europe and the Mediterranean, creating the largest pan-European operator of its kind, say the companies.
Unifeeder and UFS will continue to trade as separate companies and with separate organisations but combine their capabilities to improve services and operations. Unifeeder chief executive officer, Jesper Kristensen, said: “We will also continue to build economies of scale in our operations, which is the key to our long term competitiveness. The transaction fits very well with Unifeeder’s strategic ambition to deliver the best feeder and shortsea product on the market. Combining our efforts enables us to strengthen our companies in Northern Europe as well as in the Mediterranean.”
UFS chairman, Cecilia Batistello-Eckelmann, added: “UFS has developed a large presence in the Mediterranean feeder market. UFS brings significant experience and knowledge into the future relationship with Unifeeder that will benefit both companies. Together we will improve our ability to meet the needs of our clients.”
The transaction is expected to close at the end of October, subject to approval by the relevant authorities.

Tags: Unifeeder