Infracapital is taking full ownership of Dutch inland port and rail terminal operator CTH by acquiring Bolk Container Transport and Nijhof-Wassink鈥檚 66.67% stake.
The infrastructure equity investment arm of M&G, through its Benelux inland container terminal platform, Inland Terminals Group (ITG), has agreed to buy the remaining interest it does not already own in CTH for an undisclosed amount.
Infracapital gained a 33.33% interest in CTH through its 2021 takeover of Dutch container logistics company Multimodal Container Services (MSC).
CTH operates two inland terminals in the Netherlands which are located between the existing ITG catchment areas and offer direct services to the Port of Rotterdam. In addition, CTH operates a rail terminal in the Pernis area of the Port of Rotterdam, which offers services to rail operators across Europe.
Herman Deetman, managing director at Infracapital, said: 鈥淭he acquisition of CTH further bolsters and diversifies Infracapital鈥檚 end-to-end inland container transport presence in the Netherlands and Belgium. Having CTH join ITG further strengthens its position as a leading green intermodal operator.鈥�
CTH marks Infracapital鈥檚 third acquisition in the inland terminals sector, having acquired BCTN in June 2021 and MCS in December 2021. They have since been integrated to form ITG.
Eduard Backer, CEO of ITG said: 鈥淲e welcome CTH into our group of inland terminals. With the acquisition of CTT Hengelo, CTT Almelo and CTT Rotterdam we add three quality inland terminals to our network and we look forward to working with the CTH organisations and customers.
鈥漈ogether we will further strengthen our product offering and ability to further improve the environmental performance of our intermodal container transport.鈥�
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