Hapag-Lloyd completes SM SAAM acquisition

We are very pleased about the successful completion of this transaction, which significantly increases our footprint in Latin America and underlines our commitment to the Latin American markets. Looking ahead, we will focus on further developing the business and on continuing to offer the best quality to all of SAAM Terminals’ customers: Rolf Habben Jansen, Hapag-Lloyd

The transaction includes interests in terminals in Iquique, Antofagasta, San Antonio, San Vicente and Corral (Chile), Port Everglades (United States/Florida), Mazatlán (Mexico), Buenavista (Colombia), Guayaquil (Ecuador) and Caldera (Costa Rica) as well as related logistics services.

The new entity will be led by its CEO Mauricio Carrasco who has been Managing Director for the terminals division within the SAAM Group since 2020. Rodolfo Díaz, former Senior Director, Business Administration Region Latin America, Hapag-Lloyd, will join him as CFO.

Hapag-Lloyd holds stakes in the Container Terminal Wilhelmshaven, the Container Terminal Altenwerder in Hamburg, Italy-based Spinelli Group, India-based J M Baxi Ports & Logistics, Terminal TC3 in Tangier and Terminal 2 in Damietta, Egypt, which is currently under construction.

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