APM Terminals to divest UK-based Pentalver Transport Limited
APM Terminals has entered into an agreement to divest Pentalver, the UK-based provider of container transport (trucking & haulage) and other container related services, to Genesee & Wyoming Inc. (G&W) (NYSE:GWR) – a United States-based, global operator of short line and regional railroads and the parent company of Freightliner, the largest transporter and inland rail terminal operator for the movement of deep sea maritime containers in the UK. The purchase price is GBP £87 million (or approximately USD $110 million at current exchange rates), subject to final working capital and other closing adjustments. The transaction is subject to customary closing conditions, including competition clearances and the finalization of certain lease agreements, which are expected in the first quarter of 2017.
Pentalver has been part of the A.P. Moller-Maersk Group since acquired in 1995. Pentalver offers container transport (trucking and haulage), specialist transport, loaded & empty container storage and inland container logistics solutions within five strategically placed UK facilities that combined handle over one million TEU of containers each year. This includes repair facilities, 24/7 refrigeration service and a fleet of over 200 trucks. The company has grown over 30 years to become a leading one stop shop to the UK logistics industry and also offers nationwide depot services and the sale of new & used shipping and refrigerated containers, including customization.
About APM Terminals
Pentalver is owned by APM Terminals – a leading global port operator with a presence in 69 countries with 72 container terminals and 140 inland services facilities providing the world’s most geographically balanced global terminal network. Based in The Hague, Netherlands, APM Terminals works with shipping lines, importers/exporters, governments, business leaders and the entire global supply chain to provide solutions that help nations achieve their ambitions and businesses reach their performance goals.