This move marks an exciting development, solidifying Inchcape's commitment to servicing customers with quality operations and people in every port, said a statement from Inchcape.

 

Under the new ownership, Grieg Logistics will continue to operate under the same name for a period and existing management headed by CEO Stig Trygve Andersen.

 

Inchcape, a portfolio company of private equity fund Epiris, represents clients in over 85% of the world's ports across 60 countries through its network of 247 owned offices. 

 

The acquisition of Grieg Logistics builds on Inchcape’s commitment to high-quality and reliable service offerings, further strengthening operational capabilities in shipping, raw materials, energy, and governmental services, it stated. 

 

On the key move, Inchcape Shipping Services CEO Philippe Maezelle said: "Inchcape and Grieg Logistics have enjoyed a long-standing partnership, first formalised in 2019. The partnership facilitated the sharing of technologies and the expansion of port agency support in Norway."

 

"We are extremely excited to welcome the Grieg Logistics team into our organisation. We look forward to providing even greater service and coverage to our combined customer base," noted Maezelle. 

 

"This commitment will continue under the new ownership, ensuring that our customers receive the same level of excellence they have come to expect from us," he stated.

 

"Together, Grieg Logistics and Inchcape will strive to build even better solutions for its customers, with a strong focus on digitalisation and customer-centric services," he added.

 

Grieg Logistics is a renowned brand in and outside Norway with a proud heritage. It operates terminals at Tønsberg, Mosjøen and Skålevik. 

 

It has offices in Tønsberg, Larvik, Bergen, Mongstad, Kristiansund and Mosjøen, offering ship agency services all along the Norwegian coastline, mainly with its own staff. The acquisition will strengthen our presence in the Nordics.

 

"Inchcape Shipping Services and Grieg Logistics complement each other perfectly, and we eagerly anticipate the continued growth of our business areas within Inchcape," said Grieg Logistics CEO, Stig Trygve Andersen.

 

It has established itself as a trusted partner for many of the world's largest and most respected shipping companies across various sectors, including Tanker, Cruise, Dry Bulk, Liner, Government, Ship Manager, and Offshore industries, he added.-TradeArabia News Service