Poland's Trans Polonia (TPG) is buying 100% of the shares in Dutch logistics company Nijman/Zeetank Holding (N/Z) and 100% of the shares in the affiliated company N&K Equipment.
Nijman/Zeetank is a logistics provider for bulk liquids and glass and one of the key carriers in the European ADR hazardous materials transport industry.
The management board of TPG believes the transaction is an important step in the company's development, particularly in expanding its presence in the intermodal transport sector, which is of key importance to the chemical industry.
In addition, TPG, which is listed on the Warsaw Stock Exchange, will rapidly increase scale and expand its geographical scope.
Nijman/Zeetank is a qualified European provider of logistics solutions for the transport of liquid chemical raw materials, fuels, oils, gas and glass. The company also has an in-house division transporting and warehousing glass.
Headquartered in Spijkenisse, the Netherlands, N/Z also has operations in the UK, Poland and Germany. The group has a fleet of almost 650 vehicles and 530 tank containers.
The total value of the transaction has been set at a maximum of €34.9 million, and the final amount will depend on the achievement of key performance indicators by the N/Z Group. The transaction will be fully financed using debt financing in the form of a bank loan.
TPG acquires Nijman/Zeetank
