Hamburg Hafen und Logistik (HHLA) has acquired an Estonian port operator and subsequently become the leading container handler at the country’s main port.
The German operator acquired Transiidikeskuse after the two signed a contract on March 26, and the Estonian company now function as a subsidiary of HHLA.
Angela Titzrath, chairwoman of HHLA’s executive board, said: “Estonia is one of the fastest-growing economies in Europe and a pioneer when it comes to digitisation.
“The acquisition enables us to enter a promising regional market that offers growth potential as a result of its geographic position and its link to the ‘New Silk Road’.”
HHLA will be the market leader in container handling at the Port of Muuga, located close to Estonia’s capital, Tallinn.
The container terminal at Muuga has a capacity of 300,000 teu, which it is close to reaching, but this can be increased to 800,000 teu.
A multipurpose terminal for break bulk, bulk and roll-on roll-off (roro) is also included in Transiidikeskuse’s portfolio.
Muuga’s container terminal has become the second box facility situated outside of Hamburg which HHLA operates. The first was Odessa in Ukraine, which HHLA acquired in 2005.