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.

If I’d known I’d stay on the Civil List, I would have done this years ago!
Straight, no Chaser: Of cabbages and kings
The blue touchpaper on the first New Year’s fireworks had barely been lit...
flag-993627_960_720
Today’s Date: Marie reaches 40
The flags will stay raised following Princess Mary’s birthday as not only...
The right mentor can make a huge difference (photo: iStock)
This Week in Schools: More graduates using mentors
A growing number of students at the University of Copenhagen (KU) are seeki...
Boat with syrian refugees off the coast of Sicily. (Photo: Vito Manzari from Martina Franca)
This Week’s Editorial: Tricky law followed by a piece of cake
Integration is the name of the game. The refugees are here – or on their ...
Fairies, batmen and ninjas gathered to participate in the old Danish tradition of beating the barrel
Kids Corner: Faster prep might be needed for the annual kids shindig
Fastelavn on 7 February is extremely early this year – actually the earli...
Christianity's most revered warrior tends to be Archangel Michael (photo: Luca Giordano (1632–1705)
How Christianity portrayed Jesus as a warrior to woo the Vikings
Despite more than 80 percent of Danes associating themselves with the Evang...