Posted on August 16, 2023
QTerminals Group, a joint company between Qatar Ports Management Company Q.C.S.C (51%) and Qatar Navigation (49%) has acquired a majority stake in Kramer Holding B.V., a provider of integrated logistics and container services at the Port of Rotterdam.
In a joint statement, the companies said that the acquisition ‘further reinforces QTerminals Group’s commitment to contribute towards Qatar National Vision 2030 which aims for the diversification of the national economy and foreign investments.’
Neville Bissett, CEO of QTerminals, commented: ‘Kramer Group is an important strategic step for QTerminals as we will expand our presence into Europe’s largest port. Kramer Group complements QTerminals and adds existing business, a robust value-creating service offering and European network to QTerminals portfolio.’
André Kramer, CEO of the Kramer Group, said: ‘I’m very excited about this significant milestone in the journey of our family business which started 60 years ago by my father. Today, we mark the beginning of a new chapter joining forces with QTerminals. I believe that their expertise, resources, and industry insights will enable us to expand our horizons and explore untapped opportunities.’
The Kramer Group is the only independent terminal in the Maasvlakte area, and one of the few multi-user depot terminals in the Port of Rotterdam.
The company operates in six different locations with network access to the principal terminals, of which five are at the Maasvlakte and one at the Eem-/Waalhaven, and has tri-modal transport options via rail, water and road.
Following the transaction, André Kramer will continue as CEO and Kramer’s key management personnel and employees will be retained.
