Dutch independent storage and logistics company Koole Terminals has bought Alkion Terminals, which has nine bulk liquid terminals in France, Italy, Spain, Portugal and the Netherlands.
Alkion currently operates a total of 1.2 million m3 of capacity and has plans for significant expansion in biofuel and chemical capacity. Alkion’s owners, private equity firm InfraVia and Dutch oil management group Coloured Finches have signed a binding agreement to sign over 100% of ownership to Koole. The companies have not disclosed the financial terms.
‘This transaction will expand Koole’s position in storing chemicals and biofuels products by gaining the experience of a European leader in these market segments. It is also in line with Koole’s strategy of diversification in providing supply chain integrated solutions to its customers to facilitate the transition to a low carbon future. Furthermore the acquisition will continue the company’s international expansion and further cements its role as a leading European liquid bulk storage platform,’ says John Kraakman, CEO of Koole.
Rutger van Thiel, CEO of Alkion and partner at Coloured Finches adds: ‘Alkion will be joining a European leader in our industry, which will ensure continuity of service to our customers in our nine terminals and an exciting work environment for our teams. Under Koole ownership Alkion will continue investing significantly in our locations in particular towards providing flexible storage solutions for our industrial clients and the energy transition and maintaining a high performing asset base from a health and safety perspective.’
The deal is expected to be complete by the end of 2022, subject to customary approvals.