Metsä Board sells Hangö Stevedoring to Euroports
Metsä Board, part of Metsä Group, and Euroports have signed an agreement on 16 December 2021, according to which Metsä Board Corporation will sell the entire share capital of its fully owned subsidiary Oy Hangö Stevedoring Ab to Euroports Finland Oy.
The transaction is expected to be completed in the first quarter of 2022. The parties have mutually agreed that the transaction price will not be disclosed.
Hangö Stevedoring has around 180 employees and its sales in 2020 were approximately EUR 20 million. The company is the biggest provider of cargo handling services in Hanko and has a wide customer base, including Metsä Board.
“We are very excited to join Euroports,” says Petteri Sammalisto, Managing Director of Oy Hangö Stevedoring Ab. “We are looking forward to identify several shared opportunities between the companies and look forward to bringing the enhanced service offering to our customers.” Euroports Finland is a leading port operator in Finland. The company is part of Euroports Group, one of the largest port-infrastructure companies in Europe, with around 3000 employees world wide and approximately 600 in Finland.
Port of Hanko is Finland’s second largest port for semi-trailers and trucks, and an important part of the supply chain security in Finland.