NORDEN has received regulatory approval for the planned acquisition of Nordic dry bulk operator Norlat Shipping.
“We are delighted to have the green light for the acquisition and look forward to welcoming the Norlat Shipping team and customers,” says NORDEN CEO Jan Rindbo. “Norlat is a skilled niche operator and a great addition to our growing projects and parcelling activities, allowing us to offer our customers fully flexible solutions, as a global provider of ocean-based freight services for bulk and project cargo of all sizes.”
Norlat Shipping specialises in the shipment of forest products and other bulk commodities, with main trading routes from Northern Europe to North Africa and North America. Norlat’s offices in Norway and Stockholm, Sweden join the growing NORDEN global office network servicing customers across the world.
The acquisition sum is undisclosed and will not affect NORDEN’s guidance for full-year 2024.
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