Varo Energy will acquire all the shares of Fiwado, the Dutch inland bunkering business of Total Nederland.
The company will expand its Dutch network further with five bunkering stations in Amsterdam, Flushing, Millingen, Rotterdam and Zwijndrecht.
Varo will operate under the brand Reinplus Vanwoerden Bunker.
CEO Roger Brown says: ‘With this addition, we will provide a stronger network to supply our clients with high quality products more efficiently – when and where they need them.’
The transaction is expected to close in October.