EMS Seven Seas working in the military sector.
Norway's Supreme acquires maritime services firm
Oslo, June 22, 2014
Norway-based Supreme Group, a leader in the provision of end-to-end supply chain solutions, has completed the acquisition of EMS Seven Seas, a global maritime services group with focus on key markets including Europe, US and Middle East.
Founded in 1971, the EMS Seven Seas primarily operates in Norway, Spain, Portugal, the Netherlands, Germany, the US, the UAE, Djibouti, and Singapore. Its clients include leading ship managers and owners, professional catering businesses, military operations and offshore platforms.
Following announcements to the Oslo Stock Exchange today, Supreme now owns 90.04 per cent of the total outstanding shares in EMS. Supreme will make a mandatory offer to the remaining shareholders in the company in due course.
Commenting on the purchase, Theo Reichert, the CEO of Supreme Group, said: "We are excited to announce completion of the acquisition of EMS Seven Seas, which is a great company with strong brand loyalty."
"By integrating ship supply services to our existing portfolio of supply chain solutions, we are well positioned to serve the evolving needs of both military and commercial clients," stated Reichert.
"We are prepared to make investments to ensure EMS Seven Seas becomes the global leader in commercial ship supply within three years, and we look forward to working closely with their teams around the world to make this happen, merging our organizations to leverage operational synergies to their fullest potential," he added.
Toril Eidesvik, the CEO of EMS Seven Seas, said: "This is a strong strategic match that is designed to create value for clients by leveraging synergies in supply chain capabilities and geographic reach."
A major player in the commercial ship supply market, EMS Seven Seas caters to merchant marine, offshore and defence industries. It is a leading ship supplier and trading house.-TradeArabia News Service