With its latest acquisition of four storage terminals in Sweden, Inter Terminals has increased its storage capacity by 40% and is now the largest independent terminal operator in Scandinavia.
‘When Vopak announced its plans to divest several of its smaller terminals about a year ago, we were immediately interested,’ says Martyn Lyons,
CEO of Inter Terminals.
‘The four terminals we acquired in Göthenburg, Malmo, Södertalje and Gavle really complement our storage assets across Europe. Whereas Vopak is focusing on its growth plans in the Middle East and the Far East we are concentrating on the market in northwest Europe.
The region has a very stable political and economic environment and we are familiar with the geography.’
The Swedish terminals function as a strategic storage and blending hub for the transshipment of refined products as well as the inland distribution of retail petroleum and petrochemical products. Significant trade imbalances exist in Europe between r...