WWL acquires Keen Transport

By Alex Dahm11 December 2017

Logistic solutions company Wallenius Wilhelmsen Logistics, joins forces with transport specialist Abnormal Load Services Holding B.V

Logistics solutions company Wallenius Wilhelmsen Logistics has acquired specialist contractor Keen Transport

Wallenius Wilhelmsen Logistics ASA in Norway has signed an agreement to acquire 100 per cent of the shares in Keen Transport, Inc. from Platinum Equity.

WWL paid US$ 64 million for the USA-based specialized transport company which operates 14 high & heavy equipment processing centres (EPCs). With its 450 employees Keen also offers facility services, equipment modification and load consolidation for original equipment manufacturers. Revenue in 2016 was $82 million.

Commenting on the acquisition, Craig Jasienski, WWL ASA president and CEO, “With Keen as part of our group we will become the clear market leader in the US H&H equipment processing space, positioning ourselves for the forecast growth in this segment.”

The company said that the acquisition is a strong fit strategically and operationally with significant synergies. The larger footprint will allow WWL to take advantage of an improving mining and construction sector in the USA, the company said.

 

Latest News
Saipem explores new Saudi Arabia venture
Saipem said the initiative was taken in the frame of the Saudi Aramco’s Nama’at Investment Industrial Program
New U.S. dealers for Goldhofer
Goldhofer Transport Technology extends its network in North America.
Liebherr delivers new harbor crane to Port of Toledo
A new LHM 550 harbor crane has increased the capacity at the Toledo-Lucas County Port Authority.