OW Bunker makes Norwegian acquisition

Leading Danish marine fuel company strengthens Norwegian presence

June 25th, 2014 8:09 pm| by admin
facebooktwittergoogle_pluspinterestmail

OW Bunker, Denmark’s second-biggest company and one of the world’s leaders in marine fuel distribution, has acquired the Norwegian company Wilhelmsen Marine Fuels for an undisclosed sum, OW Bunker wrote in a press release today.

Götz Lehsten, OW Bunker's executive vice-president, explained the company’s motivation for the the acquisition."Wilhelmsen Marine Fuels has a strong team and an interesting customer base that fits well into OW Bunker's integrated business model,” he stated in the press release.

“Apart from strengthening our position in Norway, Wilhelmsen Marine Fuels has the potential to support both our reselling and physical distribution activities."

Wilhelmsen Marine Fuels has 15 employees and will become a fully owned subsidiary of OW Bunker as of 1 July.

OW Bunker has over 600 employees, operating in 29 countries. It is listed on the NASDAQ OMX Copenhagen.

Mogensen on the brink of becoming the first Dane in space (photo: Andreas Mogensen)
Dane following in the footsteps of Gagarin
Tomorrow morning at 06:37 the Danish astronaut Andreas Mogensen will become...
Inadequate drying is harmful because of the increased risk of mould (photo: Teknologisk Institut)
New tech tool to save time and money in construction industry
The technological institute Teknologisk Institut has developed a new web-ba...
The project is reaching the final phase (photo: Nationalmuseet)
Dismantling and excavation of medieval church reaches final stage
Next week work will begin on the final phase of a project with cultural and...
O'Leary looks momentarily distracted, like he's just seen one of his planes (photo: Hasse Ferrold)
Ryanair still has huge plans in Copenhagen
The Irish budget airline Ryanair still has ambitious plans to quadruple its...
500,000 young Danish girls have had the HPV vaccine since 2009 (photo: iStock)
Danish HPV centres flooded by ill girls
The five national HPV centres that opened on July 1 are already stretched t...
Crown Prince Frederik will lead the delegation (photo: iStock)
Crown Prince Frederik to lead trade delegation to South Africa
From November 2-4, Crown Prince Frederik will be heading a business delegat...