EMEA News
OW Bunker to Acquire 100% of Bergen Bunkers
OW Bunker today confirmed that it will acquire the entire share capital of fellow marine fuels and lubricants supplier Bergen Bunkers AS.
As part of the deal, the emailed statement said that Bergen Bunkers will retain its existing brand name and operate as an integrated and wholly owned subsidiary of OW Bunker.
The acquisition is expected to be finalised by the end of November 2012, following approval from the relevant competition authorities.
Sveinung Juvsett, Managing Director, Bergen Bunkers AS, said, "OW Bunker provides a good strategic fit for Bergen Bunkers. With the financial strength and global scale of OW Bunker there are clear synergies between both organisations, which we plan to optimise for the benefit of all our customers."
Bergen Bunkers employs 12 staff in its offices in Bergen and St Petersburg, and was said to provide fuel and lubricants to customers in Norway and globally.
"This is a significant acquisition for OW Bunker that further strengthens our operations in Scandinavia. Bergen Bunkers is an excellent brand name with a great reputation, and provides us with a good opportunity to further grow our position in an important region for our customers," comment Götz Lehsten, Executive Vice President, OW Bunker.
