Danish transport firm NORDEN introduced Friday it has entered into an settlement to accumulate the Thorco Projects enterprise, offering entry to new prospects inside the normal cargo phase equivalent to break bulk, steels and wind vitality.
Denmark-based Thorco Projects, a part of Thornico Group, has lately remodeled into an asset mild enterprise working a chartered fleet of 30-40 vessels, together with largely Handysize vessels, the place NORDEN is a big operator. The acquisition due to this fact compliments NORDEN’s asset mild enterprise mannequin and can contribute positively to margins in NORDEN’s Freight Services & Trading enterprise unit, the corporate mentioned.
The acquisition stays topic to regulatory clearance and is anticipated to shut within the third quarter of 2023. Financial particulars weren’t disclosed.
“We look forward to welcoming the Thorco Projects team into NORDEN and offer customers an enhanced global service across all non-containerized cargo types,” mentioned NORDEN CEO Jan Rindbo. “With the tonnage and business tools we have available in NORDEN, we see significant potential to further grow the Thorco Projects business under the NORDEN brand.”
