Van Seumeren takes control at Mammoet

News - July 28, 2000

| More
Van Seumeren Holland BV, a holding company majority-owned by the Van Seumeren family, with the participation of ABN-AMRO and NPM Capital Holdings, has acquired heavy lift specialist Mammoet Transport BV from Royal Nedlloyd.

The transaction, announced in May and completed on 13 July, and applies retrospectively to 01 January 2000. The sale price for Mammoet - some 111 million Euros - is thought to have been well above the book value of the company.

Van Seumeren has acquired Mammoet in its entirety, including all of its activities in the US, Asia, the Middle East and Europe.

In the Netherlands, Van Seumeren has also assumed control of Mammoet Stoof, Mammoet Engineering & Innovation, Mammoet Ferry Transport (a ferry trailer service between the UK and the Continent), and acquired a 30 per cent interest in Mammoet Shipping.

As part of the deal, Decafin SpA in Italy has also sold its 33 per cent interest in Mammoet Decalift International.

Frances Van Seumeren has taken over a Chief Executive Office of the new company, and Frits Van Riet, previously Managing Director of Mammoet Transport, has assumed the role of Chief Operating Officer.

The new company will keep the Mammoet name, operating as part of the Van Seumeren Group, and will move to new offices at the former Wilton Feyenoord shipyard site late next year, where facilities including a deepwater quay will be available for both sea-going vessels and barges.

Van Seumeren's revenues in 1999 increased by 25 per cent compared with the previous year.

More articles from this category

More news

Categories

Product Guide

News Letter

Fill in your name, company and e-mail address below for our bi-weekly newsletter.

Subscribe
Unsubscribe

Clarksons

Powered by MARIS.

Subscribe to Offshore Shipping News Online RSS

Follow Offshore Shipping News Online on Twitter

Subscribe to email updates

Sponsors

sponsorsponsorsponsor

Events

Offshore Northern Seas 2014
25-28 August 2014
Norway, Stavenger.

Dredging in India
03-04 September 2014
India, Mumbai.

Maintenance & Repair for Offshore Wind Structures Seminar
17-18 September 2014
United kingdom, London.

Myanmar Offshore Congress 2014
25-26 September 2014
Myanmar, Yangon.

Offshore Marine Crewing
01-02 October 2014
Norway, Oslo.

More events