Hapag-Lloyd has announced it has successfully completed its 100% acquisition of SM SAAM’s terminal business and related logistics services, based on an agreement announced in October 2022.
Rolf Habben Jansen, CEO of Hapag-Lloyd AG says: ‘We are very pleased about the successful completion of this transaction, which significantly increases our footprint in Latin America and underlines our commitment to the Latin American markets. Looking ahead, we will focus on further developing the business and on continuing to offer the best quality to all of SAAM Terminals’ customers.’
The new entity will be led by its CEO, Mauricio Carrasco, who has been the managing director for the terminals division within the SAAM Group since 2020.
Author: Molly Cooper, AntwerpXL 2023
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