Major Acquisition Announced

APM Terminals has reached an agreement to acquire 100% of the Barcelona-based Grup Maritim TCB, and its maritime services’ container terminal portfolio in Europe and Latin America. APM Terminals will purchase the remaining 39% outstanding shareholdings of Grup Maritim TCB. Earlier, in September 2015, APM Terminals had announced an agreement with to acquire the majority share (61%) of Grup Maritim TCB held by Perez y Cia. 

The Grup Maritim TCB portfolio includes 11 container terminals with an annual throughput capacity of 4.3 million TEUs and an estimated annual container volume of 3.5 million TEUs, ranking 23rd in the 2014 among international terminal operating companies. The transaction is expected to close by the end of the year and is subject to certain conditions precedent, including relevant approvals.

Grup Maritim TCB operates terminal concessions in Barcelona, Valencia and Castellon, on the Mediterranean coast, along with the concessions in Gijon, on the Bay of Biscay, and in the Canary Islands:  Santa Cruz on Tenerife and La Palma on Gran Canaria. Outside of Spain, Grup Maritim TCB’s terminal operations include Izmir, Turkey; Yucatan, Mexico; Quetzal, Guatemala (under construction, opening 2016); Buenaventura, Colombia, on the Pacific Coast; and Paranagua, Brazil.

This latest portfolio expansion of the APM Terminals Global Terminal Network, when fully completed, will increase the number of operating facilities to 73, in 40 countries across five continents.