The Netherlands Authority for Consumer and Markets (ACM) has cleared the acquisition of a container terminal in the country.
Hutchison Ports Netherlands, parent company of container terminal operator ECT, can now acquire container terminal APM Terminals Rotterdam.
In its investigation, ACM primarily looked at competition between terminal services for containers that are directly shipped to destinations elsewhere in Europe. ACM’s investigation reveals that the market share of the group to which ECT belongs will increase only slightly as a result of the acquisition and there are no significant consequences for competition.
Martijn Snoep, chairman of the board of ACM, added: “Container handling is a cornerstone of the Port of Rotterdam. After the acquisition, sufficient competition will remain in this sector between the three active terminal-services companies in the Port of Rotterdam. And that competition will be stimulated further by the strong position of large shipping companies. Competition results in competitive prices, high-quality service, and innovation. The acquisition will only lead to a small change in the competitive landscape.”
Container handling in the Port of Rotterdam
As a result of the acquisition, APM Terminals Rotterdam will become a part of the group to which ECT also belongs. ECT owns the ECT Delta terminal and the ECT Euromax terminal. After the sale of this container terminal, APM Terminals will remain active in the Port of Rotterdam, as it also owns a terminal on Maasvlakte 2. The third terminal-services company in the Port of Rotterdam is Rotterdam World Gateway, which owns a large container terminal on Maasvlakte 2.
Source: Port Strategy