APM Terminals and GF Group have announced the acquisition of 100 per cent of Reefer Terminal S.p.A. by APM Terminals. although terms and price were not disclosed by either party.
Reefer Terminal, the largest refrigerated terminal in the Mediterranean for more than thirty years handling 600,000 pallets per year, is also a world-class terminal for the handling of containers - 275,000 TEU, 510 reefer plugs, 14.5m depth and 465m of quay - and general cargo.
APM Terminals has acquired the Vado Ligure Reefer Terminal as part of the port master plan to create new supply chains to markets in northern Italy, southern France, Switzerland and Bavaria.
The Reefer Terminal is located adjacent to the construction site of the APM Terminals Vado port project which will open in January 2018 with 800,000 TEU annual capacity and a 17 meter depth to serve the vessels of the future.
Reefer Terminal will continue to operate as a terminal highly specialised in the discharge and warehousing of fresh fruit and vegetable produce.
“The integration of the Vado Reefer Terminal with our new, future semi-automated container terminal enhances the logistics options for businesses and the shipping lines calling the Ligurian coast, serving all of northern Italy and beyond” said APM Terminals Vado CEO Carlo Merli. “We are building Italy’s port of the future with ideal access to Turin and northern Italy manufacturing zones as well as consumer markets. Equally important, we will have the best port system and product in the market capable of serving container vessels, reefer vessels, RoRo and breakbulk vessels.'
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