Spliethoff Group takes majority stake in ForestWave
ForestWave will be the seventh business unit in the Spliethoff Group (Source: Spliethoff Group)
Group members Spliethoff and Sevenstar Yacht Transport and ForestWave have been successfully and closely working together for quite some time in the sea transportation of mainly bulk cargoes and yachts. This cooperation will now be intensified under the umbrella of the Spliethoff Group, the companies said in a statement.
On behalf of the Executive Board of Spliethoff Group, Ingmar Bras, CFO, and Michael van den Heuvel, CCO, emphasised the importance of this step: ”After so many years of constructive and pleasant cooperation with ForestWave, formalising this cooperation is a logical step. The takeover of ForestWave will provide synergy and enables us to offer our clients an even broader scope of logistic solutions. We look forward to a productive cooperation.”
Fred Diepeveen, managing director of ForestWave added: “This strategic alliance with the Spliethoff Group enables us to realise our full potential. We maintain our identity and independent operations, while we benefit from new opportunities. Together we will be able to serve our clients and colleagues even better.”
