Deal signed to acquire 100 percent of the Offen Group subsidiary.
ZEABORN Group has signed an agreement to acquire 100 percent of the shares in Claus-Peter Offen Tankschiffreederei (CPO Tankers), a subsidiary of Offen Group.
The transaction partners signed the relevant contracts Monday. The completion of the transaction is subject to antitrust clearance. The parties have agreed to keep the key financial data confidential, according to the announcement.
“With the takeover of CPO Tankers, ZEABORN stays on track concerning its strategy to further consolidate the shipping industry and expanding its services as an integrated and globally active shipping company,” the announcement said. “The acquisition enables ZEABORN Ship Management to expand its service portfolio to the wet market for oil and product tankers.
“For Offen Group, the divestment of its tanker ship management business came as a consequence of its future strategic focus on being an owner/manager of post-Panamax container vessels, a segment where it continues to be one of the world’s top three players,” it said.
Jan-Hendrik Többe (pictured above left) and Ove Meyer (above right), managing partners of ZEABORN Group, said in a statement that the acquisition will “expand our service portfolio with a first-class tanker management.”
ZEABORN operates from locations in Germany, Singapore, Cyprus, Philippines and Romania. Offen Group is headquartered in Hamburg, Germany.
