TransAtlantic acquires Merilinja operations

TransAtlantic has acquired the operations of the Finnish shipping company Merilinja. This is an asset deal where TransAtlantic purchases substantially all of Merilinja’s assets and assumes Merilinja’s chartered-in vessels. Included in Merilinja’s assets are its customer contracts.

Merilinja offers feeder services within container shipping between Finland (Kokkola and Oulu) and Antwerp with revenues of approximately SEK 100 M per year.

”We are very excited to acquire Merilinja’s broad and sizable customer base. Combined with TransAtlantic existing activities, this gives us a unique opportunity to improve our competitiveness between northern Finland and Belgium”, says Heléne Mellquist CEO Industrial Shipping, TransAtlantic.” This in turn will enable us to increase and improve our services in this market to existing as well as new customers. We should also be able to grow this business based on the improved competitive position.”

 
For further information, please contact:

Head of Corporate Communications Carina Dietmann, ph +46 (0) 31-763 2334.

 
Rederi AB TransAtlantic is a leading Swedish shipping company with headquarters in Gothenburg, Sweden and additional offices in Europe. The company is organized into two business areas: Industrial Shipping and Viking Supply Ships. The company has about 900 employees and the turnover in 2011 was MSEK 2,989. The Industrial Shipping business area consists of four divisions: Bulk, Container, RoRo Baltic and Short Sea Bulk. The company’s B-shares are listed on the NASDAQ OMX Stockholm, Small Cap segment. www.rabt.se  

TransAtlantic is obliged to make this information public according to the Financial Markets Act and/or the Financial Instruments Trading Act (Sw: lagen om värdepappersmarknaden and lagen om handel med finansiella instrument). The information was submitted for publication on  19 October, 2012 at 2.30 pm.

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