APM terminals acquires Port of Gothenburg container terminal
APM Terminals has acquired Skandia Container Terminal AB and will take over the operation of the container terminal in the port of Gothenburg. Skandia Container Terminal AB was acquired from Göteborg Port Operation AB, a company controlled by the municipality of Gothenburg. In connection with the transaction, a concession agreement will be entered into concerning the operation of the terminal and related infrastructure. The acquisition is subject to approval of the relevant competition authorities.
The transaction was the last of three in relation to the privatization process of the terminal operations in the port of Gothenburg. The other two terminals, i.e. the ro/ro- and the car terminal respectively, were sold during 2010 and 2011. The port of Gothenburg is the largest port in the Nordic region and the container terminal handles approximately 800,000 containers per year.
APM Terminals is an international terminal operator with interests in 61 ports and terminals in 33 countries along with 132 inland service locations in 48 countries, and employs approximately 24,000 employees. The company employs the most advanced terminal handling equipment available in order to minimize power usage and the emission of pollutants and greenhouse gases.
APM Terminals was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Johan Ljungberg and included Mårten Tagaeus, Jesper Prytz, Henric Diefke, Stefan Perván Lindeborg, Niklas Sjöblom and Emma Olnäs Fors, as well as a number of other co-workers from the practice groups M&A, Shipping, Employment and Pensions, EU and Competition, Real Estate, Environment and IMM.